1. Hong Kong Stocks

  2. •

    Producer manufacturing

  3. •

    Miscellaneous manufacturing
Gilston Group Limited

Gilston Group Limited

HHKEX:2011
1.10
HKD
0.00
(0.00%)
781.32MMarket Cap
Gilston Group Limited
HKEX:2011
(Hong Kong Exchange)

Recent

price

1.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
0.66
0.46
0.38
0.39
0.4
0.38
0.34
0.41
0.42
0.44
0.37
0.52
0.42
0.48
0.58
0.67
- -
Revenue per Share
0.1
0.05
- -
0.01
0.01
0.01
0.05
-0.1
-0.07
-0.1
-0.1
-0.04
- -
-0.12
0.06
0.04
- -
Basic EPS, GAAP
- -
0.03
-0.01
-0.09
-0.07
0.02
-0.15
0.02
-0.05
-0.05
- -
0.03
- -
-0.02
- -
- -
- -
Free Cash Flow per Basic Share
- -
0.01
0.01
0.02
0.02
0.02
- -
- -
- -
- -
0.07
- -
- -
- -
- -
- -
- -
Dividend per Share
0.34
0.74
0.73
0.75
0.74
0.68
0.69
0.68
0.57
0.47
0.33
0.3
0.33
0.22
0.31
0.37
0.31
Book Value per Share
0.33
0.72
0.72
0.74
0.72
0.67
0.68
0.67
0.57
0.46
0.33
0.3
0.33
0.22
0.31
0.37
0.31
Tangible Book Value per Share
300
411
415
415
415
422
434
450
465
465
465
465
509
557
574
574
573
Basic Weighted Avg Shares
199
190
157
161
165
159
146
185
198
206
170
240
216
267
333
383
- -
Sales/Revenue/Turnover
19.7
12.25
1.5
2.41
2.94
2.26
-2.01
1.52
-1.21
-7.65
-16.9
-3.74
-4.55
-2.03
15.74
12.79
- -
Operating Margin (%)
10
12
14
15
16
18
13
10
9
30
33
33
34
33
25
45
- -
Depreciation Expense
30
20
1
3
4
4
22
-45
-33
-44
-47
-18
-2
-69
32
24
- -
Net Income, GAAP
18.53
18.11
77.54
41.47
44.69
52.05
21.28
- -
- -
- -
- -
- -
- -
- -
48.33
32.51
- -
Effective Tax Rate (%)
15.09
10.72
0.67
1.9
2.21
2.62
15.07
-24.43
-16.8
-21.47
-27.58
-7.3
-0.88
-25.9
9.69
6.22
- -
Profit Margin (%)
28
164
152
99
78
80
256
170
206
135
67
67
105
108
59
14
59
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
37
45
34
21
56
168
117
168
LT Debt
136
307
316
336
332
313
318
337
288
239
173
165
206
133
193
217
193
Total Equity
21.66
8.69
0.38
0.89
1.06
1.02
9.61
- -
- -
- -
- -
- -
- -
- -
10.38
7.92
- -
Return on Invested Capital (%)
21.28
8.76
0.41
0.98
1.21
1.56
6.39
- -
- -
- -
- -
- -
- -
- -
11.13
6.18
- -
Return on Capital (%)
25.82
9.23
0.35
1
1.18
1.39
7.45
-14.73
-11.46
-18.36
-25.46
-11.93
-1.16
-44.79
21.23
12.03
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
16
26
38
LT Borrowings
- -
- -
95
LT Finance Leases
56
52
73
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
558
574
574
Market Capitalization
669
1,092
781

Working Capital

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
195
248
247
Cash, Cash Equivalents & STI
32
76
27
Accounts Receivable, Net
60
76
58
Inventories
27
42
36
Total Current Liabilities
87
125
188
Payables & Accruals
- -
- -
- -
ST Debt
16
26
38
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.96%
8.4%
12.54%
Free Cash Flow
-754.01%
-1,251.87%
-264.59%
Net Income, GAAP
336.64%
646.4%
-26.27%
Sales/Revenue/Turnover
10.67%
18.9%
14.92%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
267
2024
- -
- -
333
2025
- -
- -
383

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.12
2024
- -
- -
0.06
2025
- -
- -
0.04

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
Similar Companies
Astral Limited (NSE:ASTRAL)
Supreme Industries Limited (NSE:SUPREMEIND)
V.S. Industry Bhd. (MYX:VS)
Izmir Firca Sanayi ve Ticaret AS (BIST:IZFAS)
Kuzey Boru A.S. (BIST:KBORU)
Isik Plastik Sanayi VE Dis Ticaret Pazarlama AS (BIST:ISKPL)
Business
Gilston Group Limited (2011.HK), an investment holding company founded in 1992 and headquartered in Central, Hong Kong, primarily engages in the design, manufacture, and sale of finished zippers, sliders, and other garment accessories; and the provision of property management services. The company operates through two main segments, with its zipper business producing metal, nylon, and plastic zippers for original equipment manufacturers serving apparel brands in Mainland China and international labels, including products sold under the "Just for you" brand philosophy emphasizing customized solutions, material analysis, environmentally friendly production, and vertically integrated manufacturing capabilities; while its property management segment manages land and properties such as Jiajinlong Car City in Shenzhen's Nanshan District, offering showrooms for car sales, maintenance, and after-sales services. Geographically, the group focuses on Mainland China for the majority of its zipper sales (94.3% of zipper revenue in 2024), with additional exports to regions including Hong Kong, Switzerland, Italy, India, Indonesia, Bangladesh, Germany, Korea, Vietnam, Tunisia, and Jordan; property management operations are based in Shenzhen, Guangdong Province. Key subsidiaries include KEE (Guangdong) Garment Accessories Limited, KEE (Hubei) Zippers Manufacturing Limited, KEE (Zhejiang) Garment Accessories Limited, and KEE (Jingmen) Garment Accessories Limited, which support expansion into broader garment trims as a one-stop procurement center. Formerly known as China Apex Group Limited, the company listed on the Hong Kong Stock Exchange in 2011 and underwent a name change to Gilston Group Limited in March 2024; it commenced property management services in September 2023 via a management agreement for Jiajinlong Car City, followed by the acquisition of 90% equity in Shenzhen Jiajinlong Industrial Development Co., Ltd. on December 31, 2024, for RMB9 million to gain full control and enhance operational efficiency; additionally, it completed relocation of its Zhejiang production base, stabilized zipper operations post-impairment reversals, and entered multiple lease renewals with connected parties for production facilities in Hong Kong, Guangdong, Zhejiang, and Hubei during 2024.