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Gilston Group Limited

2011.HK

HKSEConsumer CyclicalApparel - Manufacturers

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Latest quote

HK$1.34

−HK$0.01 · -0.74%

Aug 21, 3:50 PM HKTData delayed

2011.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Apex Group Limited functions as an investment holding enterprise, primarily engaged in the design, production, sale, and trade of finished zippers, sliders, and diverse garment accessories. These products are supplied to original equipment manufacturers (OEMs) that serve various clothing brands. The company maintains an extensive global presence, conducting operations in the People's Republic of China, Hong Kong, Switzerland, Italy, India, Indonesia, Bangladesh, Germany, Korea, Vietnam, Tunisia, and Jordan. Established in 1992, its headquarters are situated in Central, Hong Kong. The firm adopted its current name, China Apex Group Limited, in November 2019, having previously operated as KEE Holdings Company Limited.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
HK
CEO
Ka Yuen Cheung
Listed since
Jan 12, 2011
Employees
702

Market position

52-week range

Current HK$1.34

Open
HK$1.34
Previous close
HK$1.35
Volume
40K
2.83× average
Average volume
14.11K
Average daily volume
Market cap
769.83M HKD
Beta
1.16
Market reference 1
50-day average
HK$1.3482
-0.61% below average
200-day average
HK$1.4135
-5.20% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
904.66M HKD
P/E (TTM)
32.37×
P/B (TTM)
3.58×
P/S (TTM)
2.01×
EV / EBITDA
11.26×
Earnings yield
2.75%
Free cash flow yield
-0.11%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
54.53%
Operating margin
6.77%
Net margin
6.22%
Return on equity
11.07%
Return on assets
3.92%
Return on invested capital
5.01%

Financial health

Debt / equity
0.61×
Current ratio
1.05×
Altman Z-score
2.82
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends63%30%-2%-34%Gross margin, FY2021: 30.00%Gross margin, FY2022: 32.34%Gross margin, FY2023: 41.47%Gross margin, FY2024: 52.65%Gross margin, FY2025: 54.53%Operating margin, FY2021: -4.02%Operating margin, FY2022: -8.89%Operating margin, FY2023: -2.52%Operating margin, FY2024: 10.67%Operating margin, FY2025: 6.77%Net margin, FY2021: -7.30%Net margin, FY2022: -0.88%Net margin, FY2023: -25.90%Net margin, FY2024: 9.69%Net margin, FY2025: 6.22%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.00%. Gross margin FY2022 32.34%. Gross margin FY2023 41.47%. Gross margin FY2024 52.65%. Gross margin FY2025 54.53%. Operating margin FY2021 -4.02%. Operating margin FY2022 -8.89%. Operating margin FY2023 -2.52%. Operating margin FY2024 10.67%. Operating margin FY2025 6.77%. Net margin FY2021 -7.30%. Net margin FY2022 -0.88%. Net margin FY2023 -25.90%. Net margin FY2024 9.69%. Net margin FY2025 6.22%.

Income trends

Revenue

383.1M HKD+14.92%

Operating income

25.93M HKD-27.11%

Net income

23.81M HKD-26.27%
Income trends across reported periods428.32M HKD247.46M HKD66.6M HKD−114.26M HKDRevenue, FY2021: 239.72M HKDRevenue, FY2022: 215.58M HKDRevenue, FY2023: 266.55M HKDRevenue, FY2024: 333.38M HKDRevenue, FY2025: 383.1M HKDOperating income, FY2021: −9.63M HKDOperating income, FY2022: −19.17M HKDOperating income, FY2023: −6.73M HKDOperating income, FY2024: 35.57M HKDOperating income, FY2025: 25.93M HKDNet income, FY2021: −17.5M HKDNet income, FY2022: −1.89M HKDNet income, FY2023: −69.04M HKDNet income, FY2024: 32.3M HKDNet income, FY2025: 23.81M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 239.72M HKD. Revenue FY2022 215.58M HKD. Revenue FY2023 266.55M HKD. Revenue FY2024 333.38M HKD. Revenue FY2025 383.1M HKD. Operating income FY2021 −9.63M HKD. Operating income FY2022 −19.17M HKD. Operating income FY2023 −6.73M HKD. Operating income FY2024 35.57M HKD. Operating income FY2025 25.93M HKD. Net income FY2021 −17.5M HKD. Net income FY2022 −1.89M HKD. Net income FY2023 −69.04M HKD. Net income FY2024 32.3M HKD. Net income FY2025 23.81M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue383.1M HKD333.38M HKD266.55M HKD215.58M HKD239.72M HKD
Cost of goods sold174.18M HKD157.87M HKD156.01M HKD145.87M HKD167.8M HKD
Gross profit208.92M HKD175.51M HKD110.54M HKD69.71M HKD71.91M HKD
Research and development22.03M HKD15.73M HKD8.83M HKD8.66M HKD9.65M HKD
Selling, general, and administrative160.96M HKD124.21M HKD116.91M HKD80.4M HKD81.55M HKD
Operating expenses182.99M HKD139.94M HKD126.09M HKD79.41M HKD91.19M HKD
Interest income523K HKD1.37M HKD1.07M HKD503K HKD573K HKD
Interest expense8.49M HKD3.75M HKD3.22M HKD3.85M HKD3.72M HKD
Depreciation and amortization30.27M HKD13.43M HKD32.92M HKD33.58M HKD33.32M HKD
Operating income25.93M HKD35.57M HKD−6.73M HKD−19.17M HKD−9.63M HKD
Net income23.81M HKD32.3M HKD−69.04M HKD−1.89M HKD−17.5M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.04

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.08-0.01-0.09-0.17Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q2 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.009, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.029, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 0.018, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.021, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 0.006, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 14, 2024: actual -0.13, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 31, 2024: actual 0.018, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 30, 2025: actual 0.037, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates179.91M147.62M115.33M83.05MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q2 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 113.12M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 126.6M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 125.61M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 89.97M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 123.39M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 14, 2024: actual 143.16M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 31, 2024: actual 160.39M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 30, 2025: actual 172.99M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.075

2020 complete year+500.0% since 2012

Corporate action history

Dividend

Ex-dividend Feb 13, 2020

HK$0.075

Special

Record Feb 14, 2020 · Payment Mar 3, 2020

Dividend

Ex-dividend May 27, 2015

HK$0.02

Annual

Record May 28, 2015 · Payment Jun 15, 2015

Dividend

Ex-dividend May 28, 2014

HK$0.02

Annual

Record May 29, 2014 · Payment Jun 16, 2014

Dividend

Ex-dividend May 28, 2013

HK$0.02

Annual

Record May 29, 2013 · Payment Jun 17, 2013

Dividend

Ex-dividend May 29, 2012

HK$0.0125

Annual

Record May 30, 2012 · Payment Jun 18, 2012

Dividend

Ex-dividend Sep 14, 2011

HK$0.0125

Special

Record Sep 15, 2011 · Payment Oct 10, 2011

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