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Last $4.00 HKD
Change Today -0.10 / -2.44%
Volume 1.4M
As of 4:01 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

weiqiao textile co ltd-h (2698) Snapshot

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Day High
Day Low
52 Week High
06/2/15 - $6.80
52 Week Low
07/8/15 - $3.47
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for WEIQIAO TEXTILE CO LTD-H (2698)

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weiqiao textile co ltd-h (2698) Details

Weiqiao Textile Company Limited, together with its subsidiaries, manufactures, sells, and distributes cotton yarns, grey fabrics, and denims primarily in Mainland China, Southeast Asia, Hong Kong, and East Asia. The company’s products include carded, combed, and open-ended spun cotton yarns; grey fabrics, such as plain fabrics, twill weave fabrics, tribute silk series, jacquard series, and khaki drills; and denims comprising cotton, cotton spandex elasticity, cotton dacron elasticity, cotton and bamboo blend, bamboo joint, cotton regenerated cellulose fibers blend, and other denims. It also produces and sells polyester yarn and related products; imports textile raw materials, machinery, and equipment; and sells textile raw materials and products. The company is based in Zouping County, the People’s Republic of China. Weiqiao Textile Company Limited is a subsidiary of Shandong Weiqiao Chuangye Group Company Limited.

74,000 Employees
Last Reported Date: 04/13/15

weiqiao textile co ltd-h (2698) Top Compensated Officers

Executive Chairman, General Manager, Chairman...
Total Annual Compensation: CNY79.0K
Chief Financial Officer and Executive Directo...
Total Annual Compensation: CNY61.0K
Executive Director
Total Annual Compensation: CNY60.0K
Company Secretary and Executive Director
Total Annual Compensation: CNY56.0K
Total Annual Compensation: CNY55.0K
Compensation as of Fiscal Year 2014.

weiqiao textile co ltd-h (2698) Key Developments

Weiqiao Chuangye Group Company Limited and Weiqiao Textile Co. Ltd. Enter into the Holding Company Steam Supply Agreement

The board of Shandong Weiqiao Chuangye Group Company Limited and Weiqiao Textile Co. Ltd. entered into the Holding Company Steam Supply Agreement in relation to the supply of steam by Holding Company to the Weiqiao Production Base of the company for the period from 3 July 2015 to 31 December 2017 for its production use. The price shall be RMB 150 per ton (including the value-added tax of 13%). The price of steam supplied by Shandong Weiqiao Chuangye Group Company Limited to the company are determined by reference to the prices at which comparable types of relevant products are supplied by the holding company to independent third parties under normal commercial terms in the ordinary course of its business in Zouping County, Shandong Province, the PRC.

Weiqiao Textile Company Limited Announces Earnings Guidance for the Six Months Ended June 30, 2015

Weiqiao Textile Company Limited announced earnings guidance for the six months ended June 30, 2015. The company is expected to record a significant increase in the consolidated profit attributable to shareholders of the Company for the six months ending 30 June 2015 as compared to that for the corresponding period of 2014. During January 2015 to May 2015, affected by the drop of domestic cotton price, the sales price of China's textile products declined accordingly. As the Group's production cost of inventory as at the end of 2014 was relatively high, the Group's profits of textile products decreased significantly resulted from the narrowed gross profit margin as the product sales prices dropped. Despite the above, leveraging on the decrease of the unit generation cost of electricity of the Group's newly swapped power plants at the end of 2014, the profits generated from sales of electricity increased substantially.

Weiqiao Textile Co. Ltd. Declares Dividend for the Year Ended December 31, 2014

Weiqiao Textile Co. Ltd. will pay a final dividend of RMB 0.0773 (tax inclusive) per share for the year ended 31 December 2014. The payment shall be made to the shareholders whose names appear on the register of members of the company at the close of business on 19 June 2015. Dividends payable to holders of the company's H shares will be paid in Hong Kong dollars.


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Valuation 2698 Industry Range
Price/Earnings 12.7x
Price/Sales 0.3x
Price/Book 0.2x
Price/Cash Flow 12.7x
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