27.50
-1.08%
Close of 9 Nov 2026, in HKD
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About Weiqiao Textile Co
Its shares trade on HKEX under the ticker 2698.HK. It has been listed since 24 September 2003. In the fiscal year to 31 December 2022, it reported revenue of CN¥16.57bn and a net loss of CN¥1.56bn. At that date it held total assets of CN¥25.50bn and shareholders' equity of CN¥17.31bn.
Weiqiao Textile Co., Ltd. engages in the production, sale and distribution of cotton yarn, grey fabric and denim. The company is headquartered in Binzhou, Shandong. The company went IPO on 2003-09-24. The Company’s subsidiaries include Weihai Weiqiao Textile Company Limited, Binzhou Weiqiao Technology Industrial Park Company Limited and Shandong Luteng Textile Company Limited. Through its subsidiaries, the Company is also engaged in the production and sale of polyester yarn and related products.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Discretionary
- Industry
- Textiles, Apparel & Luxury Goods
- Listed since
- 24 Sept 2003
- Employees
- 50,000
- Website
- wqfz.com ↗
Leadership
Pay as last reported
- Ms. Hongxia ZhangExecutive Chairman of the BoardCN¥1.3m
- Ms Suwen ZhaoChief Financial Officer, Executive Director, since 2010CN¥673,000
- Mr. Jiakun WeiGeneral Manager
- Yanhong ZhangExecutive Director, since 2006CN¥668,000
- Mr. Jinglei ZhangCompany Secretary, Executive Director, since 2010CN¥368,000
- Suhua ZhaoNon-Executive Director
- Mr. Wing Yau ChanIndependent Non-Executive Director
- Shuwen ChenNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Weiqiao Textile Co Ltd has established itself as a leading textile company in the industry, occupying a significant market share.
- The company emphasizes research and development, continually adopting innovative technologies to enhance its manufacturing processes and product quality.
- Weiqiao Textile Co Ltd has a well-developed and efficient supply chain network, ensuring timely delivery of raw materials and finished products to customers.
- The company benefits from economies of scale, enabling it to produce textiles at a lower cost compared to competitors, giving it a competitive edge.
Weaknesses
- Weiqiao Textile Co Ltd heavily relies on the price of cotton, which fluctuates and can affect the company's profitability.
- The company mainly focuses on cotton-based textiles, which limits its ability to cater to the increasing demand for alternative or synthetic fabrics.
- The textile industry is often associated with environmental challenges, including water pollution and carbon emissions. Weiqiao Textile Co Ltd needs to address these concerns to maintain its reputation and sustainability.
Opportunities
- With increasing consumer awareness and preference for sustainable and eco-friendly products, Weiqiao Textile Co Ltd can seize the opportunity to develop and market sustainable textile solutions.
- Entering new markets or expanding its presence in international markets can provide Weiqiao Textile Co Ltd with access to a larger customer base and potential growth opportunities.
- Continued investment in research and development allows the company to capitalize on technological advancements, leading to the development of new products and improved manufacturing processes.
Threats
- The textile industry is highly competitive, with numerous domestic and international players. Weiqiao Textile Co Ltd may face challenges in maintaining its market share and profitability.
- Potential trade barriers and protectionist policies implemented by various countries can hinder Weiqiao Textile Co Ltd's export activities and limit its access to certain markets.
- As an international company, fluctuations in exchange rates can impact Weiqiao Textile Co Ltd's financial performance, affecting revenue and profitability when converting currencies.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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