Business Operations

GILSTON GROUP LTD. continues to manufacture zipper chains in China, primarily serving:

1. Domestic Chinese apparel brands
2. International OEMs producing garments for globally recognized fashion brands

The Group maintains close collaborative relationships with apparel brands in designing zipper solutions tailored for their products. Typically, brands select zipper suppliers for their OEM partners and issue purchase orders, after which OEMs procure zippers and other garment accessories from the Group.

Operational Challenges & Strategic Response

In 2023, the Group relocated its production base from Zhejiang to Jingmen, Hubei Province, which temporarily impacted manufacturing output. Additionally, the business faces ongoing challenges from:

1. Geopolitical uncertainties
2. Tight monetary policies & rising interest rates
3. Increased production costs
4. Declining consumer demand



Given these macroeconomic headwinds, the Group has adopted a conservative growth strategy for its zipper business, prioritizing cost optimization and operational resilience.

Global & China Zipper Market Size

Global Market: RMB 102.395 billion (Source: Berges Consulting)
China Market: RMB 38.204 billion (Accounts for ~37% of global demand)

Growth Projections

Global market expected to reach RMB 162.358 billion by 2029, growing at a 7.64% CAGR
Key Drivers: Rising demand from apparel, luggage, and automotive sectors.
Expansion of fast fashion and e-commerce in emerging markets

Impact of Technological Innovation on the Market

Technological innovations, such as the development of eco-friendly zippers, are driving the zipper industry toward higher-end and more sustainable development.

Changing Consumer Preferences

Growing consumer demand for fashionable and personalized products is prompting the zipper industry to continuously introduce new designs and functionalities.