Announcement • May 19
Gilston Group Limited, Annual General Meeting, Jun 12, 2026 Gilston Group Limited, Annual General Meeting, Jun 12, 2026, at 10:00 China Standard Time. Location: the boardroom, lobby level, the langham hong kong, 8 peking road, tsim sha tsui, kowloon, Hong Kong Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: HK$0.041 (vs HK$0.056 in FY 2024) Full year 2025 results: EPS: HK$0.041 (down from HK$0.056 in FY 2024). Revenue: HK$383.1m (up 15% from FY 2024). Net income: HK$23.8m (down 26% from FY 2024). Profit margin: 6.2% (down from 9.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Mar 19
Gilston Group Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Gilston Group Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Mar 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$781.3m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risk Market cap is less than US$100m (HK$781.3m market cap, or US$99.9m). Board Change • Feb 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Kwok Shu Ko was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 23
Gilston Group Limited Announces Change of Company Secretary, Authorised Representative and Process Agent, Effective 23 January 2026 The board of directors of Gilston Group Limited announced that Ms. Yu Sin Ting ("Ms. Yu") has resigned, with effect from 23 January 2026, as (i) the company secretary of the Company (the "Company Secretary"), (ii) the authorised representative of the Company (the "Authorised Representative") as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); and (iii) the process agent of the Company (the "Process Agent") for accepting service of process or notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). Ms. Yu has confirmed with the Board that she has no disagreement with the Board and there are no matters relating to her resignations that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board further announces the appointment of Mr. Chan Kam Fuk ("Mr. Chan") as (i) the Company Secretary; (ii) the Authorised Representative; and (iii) the Process Agent, all with effect from 23 January 2026 (the "Appointments") in replacement of Ms. Yu. Mr. Chan is a member of the Hong Kong Institute of Certified Public Accountants and a Certified Practising Accountant in Australia. He has extensive experience in accounting, auditing and company secretarial matters. Board Change • Jan 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Kwok Shu Ko was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 02
First half 2025 earnings released: EPS: HK$0.046 (vs HK$0.019 in 1H 2024) First half 2025 results: EPS: HK$0.046 (up from HK$0.019 in 1H 2024). Revenue: HK$194.6m (up 21% from 1H 2024). Net income: HK$26.4m (up 143% from 1H 2024). Profit margin: 14% (up from 6.8% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 03
First half 2025 earnings released: EPS: HK$0.046 (vs HK$0.019 in 1H 2024) First half 2025 results: EPS: HK$0.046 (up from HK$0.019 in 1H 2024). Revenue: HK$194.6m (up 21% from 1H 2024). Net income: HK$26.4m (up 143% from 1H 2024). Profit margin: 14% (up from 6.8% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Aug 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$781.3m (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (HK$781.3m market cap, or US$100.0m). Announcement • Aug 18
Gilston Group Limited to Report First Half, 2025 Results on Aug 29, 2025 Gilston Group Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 19
Gilston Group Limited Announces Change in Composition of Nomination Committee, Effective June 19, 2025 The Board of Gilston Group Limited announced that the Board resolved to appoint Ms. Cheung Ka Yuen, an executive Director, as a member of the nomination committee of the Company, with effect from the conclusion of the AGM held on June 19, 2025. With effect from the conclusion of the AGM, the composition of the Nomination Committee is as follows: Mr. Yip Siu Lun Dave (Chairman of the Nomination Committee); Ms. Cheung Ka Yuen; Mr. Cheng Hong Kei; Mr. Ko Kwok Shu and Mr. Leung Ka Tin. Announcement • May 22
Gilston Group Limited, Annual General Meeting, Jun 19, 2025 Gilston Group Limited, Annual General Meeting, Jun 19, 2025, at 11:00 China Standard Time. Location: the boardroom, lobby level, the langham hong kong, 8 peking road, tsim sha tsui., kowloon Hong Kong New Risk • May 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: HK$0.056 (vs HK$0.12 loss in FY 2023) Full year 2024 results: EPS: HK$0.056 (up from HK$0.12 loss in FY 2023). Revenue: HK$333.4m (up 25% from FY 2023). Net income: HK$32.3m (up HK$101.3m from FY 2023). Profit margin: 9.7% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Mar 18
Gilston Group Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Gilston Group Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 28, 2025 Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Kwok Shu Ko was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$700.9m (US$90.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (HK$700.9m market cap, or US$90.2m). Reported Earnings • Oct 02
First half 2024 earnings released: EPS: HK$0.019 (vs HK$0.006 in 1H 2023) First half 2024 results: EPS: HK$0.019 (up from HK$0.006 in 1H 2023). Revenue: HK$160.4m (up 30% from 1H 2023). Net income: HK$10.8m (up 220% from 1H 2023). Profit margin: 6.8% (up from 2.8% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Aug 23
Gilston Group Limited to Report First Half, 2024 Results on Aug 30, 2024 Gilston Group Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • May 18
Gilston Group Limited, Annual General Meeting, Jun 21, 2024 Gilston Group Limited, Annual General Meeting, Jun 21, 2024, at 11:00 China Standard Time. Location: the boardroom, lobby level, the langham hong kong, 8 peking road, tsim sha tsui, kowloon Hong Kong Board Change • Apr 15
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Kwok Shu Ko was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 28
China Apex Group Limited to Report Fiscal Year 2023 Final Results on Apr 12, 2024 China Apex Group Limited announced that they will report fiscal year 2023 final results on Apr 12, 2024 Announcement • Mar 19
China Apex Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 China Apex Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Jan 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (HK$13m sold). Market cap is less than US$100m (HK$677.9m market cap, or US$86.7m). Announcement • Jan 19
China Apex Group Limited has completed a Follow-on Equity Offering in the amount of HKD 20.24693 million. China Apex Group Limited has completed a Follow-on Equity Offering in the amount of HKD 20.24693 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,733,000
Price\Range: HKD 1.21
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 04
First half 2023 earnings released: EPS: HK$0.006 (vs HK$0.018 in 1H 2022) First half 2023 results: EPS: HK$0.006 (down from HK$0.018 in 1H 2022). Revenue: HK$123.4m (down 1.8% from 1H 2022). Net income: HK$3.39m (down 61% from 1H 2022). Profit margin: 2.8% (down from 6.8% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 19
China Apex Group Limited to Report First Half, 2023 Results on Aug 30, 2023 China Apex Group Limited announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 01
Full year 2022 earnings released: HK$0.004 loss per share (vs HK$0.038 loss in FY 2021) Full year 2022 results: HK$0.004 loss per share (improved from HK$0.038 loss in FY 2021). Revenue: HK$215.6m (down 10% from FY 2021). Net loss: HK$1.89m (loss narrowed 89% from FY 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Kwok Shu Ko was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 15
China Apex Group Limited Announces Board Appointment The board of directors of China Apex Group Limited announced that Ms. Cheung Ka Yuen ("Ms. Cheung") has been appointed as an executive Director with effect from 14 October 2022. Ms. Cheung, aged 33, obtained a Bachelor of Arts with Second Class Honours (1st Division) degree in Accounting from Edinburgh Napier University in 2016. From November 2014 to March 2017, Ms. Cheung worked at Gullivers Travel Associates (Hong Kong) Limited as an accounting clerk and was responsible for handling accounting matters and documents. Ms. Cheung has been the general manager of Maple International Group (China) Company Limited from September 2017 to present, and is responsible for overseeing the operation of property investment segment in Hong Kong and Singapore as well as overall strategy, business planning and operational decision of the company. Since February 2022, Ms. Cheung has been the Company's general manager. The Board further announced that Mr. Ko Kwok Shu (Mr. Ko) has been appointed as an independent non-executive Director of the Company with effect from 14 October 2022. Mr. Ko, aged 49, is currently a practicing solicitor in Hong Kong, a Civil Celebrant of Marriages and a China Appointed Attesting Officer. Mr. Ko graduated from City University of Hong Kong with a Bachelor of Laws degree in 1996 and subsequently obtained a Postgraduate Certificate in Laws from City University of Hong Kong in 1997. Mr. Ko was admitted as a solicitor of Hong Kong in 1999 and is currently a partner at Messrs. Yung, Yu, Yuen & Co., Solicitors and Notaries. Mr. Ko specializes in the areas of civil and commercial litigation, dispute resolution and commercial matters. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: HK$0.018 (vs HK$0.009 loss in 1H 2021) First half 2022 results: EPS: HK$0.018 (up from HK$0.009 loss in 1H 2021). Revenue: HK$125.6m (up 11% from 1H 2021). Net income: HK$8.59m (up HK$12.7m from 1H 2021). Profit margin: 6.8% (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Aug 26
China Apex Group Limited Provides Earnings Guidance for the Six Months Period Ended 30 June 2022 China Apex Group Limited provided earnings guidance for the six months period ended 30 June 2022. For the six months period ended 30 June 2022 and the information currently available to the Board, the Group is expected to record a net profit attributable to the Shareholders of approximately HKD 8.5 million as compared with the net loss attributable to the Shareholders of approximately HKD 4.1 million in the corresponding period in 2021 (the "Profit Alert"). The reason of turnaround from loss to profit position of the Group was mainly attributable to, among other factors, the increase in product selling price and sales volume, resulting in an increase in revenue and gross profit by approximately 11.0% and 31.8%, respectively, as compared with the corresponding period in 2021. Announcement • Aug 20
China Apex Group Limited to Report First Half, 2022 Results on Aug 31, 2022 China Apex Group Limited announced that they will report first half, 2022 results on Aug 31, 2022 Announcement • Jul 14
China Apex Group Limited has completed a Follow-on Equity Offering in the amount of HKD 69.7206 million. China Apex Group Limited has completed a Follow-on Equity Offering in the amount of HKD 69.7206 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 92,960,800
Price\Range: HKD 0.75
Discount Per Security: HKD 0.01125
Transaction Features: Subsequent Direct Listing Announcement • May 28
China Apex Group Limited, Annual General Meeting, Jun 29, 2022 China Apex Group Limited, Annual General Meeting, Jun 29, 2022, at 13:30 China Standard Time. Location: The Westminster, 2/F, The Langham Hong Kong, 8 Peking Road Tsim Sha Tsui Kowloon Hong Kong Agenda: To receive and adopt the audited consolidated financial statements of the Company and the reports of the directors of the Company and auditor of the Company for the year ended 31 December 2021; to re-elect Mr. Yip Siu Lun Dave, a retiring Director, as an executive Director; to re-elect Mr. Wu Cody Zhuo-xuan, a retiring Director, as an executive Director; to re-elect Mr. Qiu Chuanzhi, a retiring Director, as an executive Director; to re-elect Mr. Cheng Hong Kei, a retiring Director, as an independent non-executive Director; to re-elect Mr. Liew Fui Kiang, a retiring Director, as an independent non-executive Director; to authorize the board of Directors (the "Board") to fix the respective Directors' remuneration; and to transact other matters. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Ka Tin Leung is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Andrew Cheng was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 01
Full year 2021 earnings released: HK$0.038 loss per share (vs HK$0.10 loss in FY 2020) Full year 2021 results: HK$0.038 loss per share (up from HK$0.10 loss in FY 2020). Revenue: HK$239.7m (up 41% from FY 2020). Net loss: HK$17.5m (loss narrowed 63% from FY 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 23
China Apex Group Limited to Report Fiscal Year 2021 Results on Mar 30, 2022 China Apex Group Limited announced that they will report fiscal year 2021 results on Mar 30, 2022 Announcement • Mar 06
China Apex Group Limited Announces Resignation of Zhuang Weidong as Chairman of the Board, Executive Director and Chairman of the Nomination Committee The board of directors of China Apex Group Limited (the 'Company') announced that Mr. Zhuang Weidong ('Mr. Zhuang'), chairman of the Board (the 'Chairman') and an executive Director, has resigned as Chairman, executive Director and chairman of nomination committee of the Company with effect from 4 March 2022 in order to devote more time to his other business commitments. Announcement • Feb 16
China Apex Group in Discussions to Sell Controlling Stake in Central Eagle Chairman of China Apex Group Limited (SEHK:2011) is in discussions of sale of controlling stake in Central Eagle to existing minority shareholder of Central Eagle. Reported Earnings • Sep 05
First half 2021 earnings released: HK$0.009 loss per share (vs HK$0.019 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$113.1m (up 43% from 1H 2020). Net loss: HK$4.15m (loss narrowed 54% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Reported Earnings • Apr 26
Full year 2020 earnings released: HK$0.10 loss per share (vs HK$0.095 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$170.1m (down 17% from FY 2019). Net loss: HK$46.9m (loss widened 6.2% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Reported Earnings • Apr 02
Full year 2020 earnings released: HK$0.10 loss per share (vs HK$0.095 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$170.1m (down 17% from FY 2019). Net loss: HK$46.9m (loss widened 6.2% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Mar 23
China Apex Group Limited Provides Earnings Guidance for the Year Ended December 31, 2020 China Apex Group Limited provided earnings guidance for the year ended December 31, 2020. For the year, the company expects to record a net loss of not less than HKD 50 million as compared to approximately HKD 44 million in 2019. Announcement • Mar 10
China Apex Group Limited to Report Fiscal Year 2020 Results on Mar 23, 2021 China Apex Group Limited announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Jan 19
New 90-day low: HK$2.32 The company is down 3.0% from its price of HK$2.40 on 21 October 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 28% over the same period. Is New 90 Day High Low • Nov 02
New 90-day high: HK$2.65 The company is up 3.0% from its price of HK$2.58 on 04 August 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 25% over the same period. Is New 90 Day High Low • Sep 28
New 90-day low: HK$2.34 The company is down 16% from its price of HK$2.77 on 30 June 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 17% over the same period. Reported Earnings • Sep 24
First half earnings released Over the last 12 months the company has reported total losses of HK$58.0m, with losses widening by 40% from the prior year. Total revenue was HK$167.6m over the last 12 months, down 18% from the prior year. Announcement • Aug 16
China Apex Group Limited to Report First Half, 2020 Results on Aug 25, 2020 China Apex Group Limited announced that they will report first half, 2020 results on Aug 25, 2020