Last $4.39 HKD
Change Today +0.22 / 5.28%
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weiqiao textile co ltd-h (2698) Snapshot

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12/9/14 - $4.99
52 Week Low
06/20/14 - $3.75
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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, is engaged in the manufacture and sale of cotton yarns, grey fabrics, and denims in the People’s Republic of China and internationally. Its 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 and cotton dacron elasticity, cotton and bamboo blend, bamboo joint, cotton regenerated cellulose fibers blend, and other denims. The company is based in Zouping, the People’s Republic of China. Weiqiao Textile Company Limited is a subsidiary of Shandong Weiqiao Chuangye Group Company Limited.

83,000 Employees
Last Reported Date: 09/10/14

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

Executive Chairman, General Manager, Chairman...
Total Annual Compensation: CNY74.0K
Chief Financial Officer and Executive Directo...
Total Annual Compensation: CNY55.0K
Executive Director
Total Annual Compensation: CNY53.0K
Company Secretary and Executive Director
Total Annual Compensation: CNY51.0K
Total Annual Compensation: CNY50.0K
Compensation as of Fiscal Year 2013.

weiqiao textile co ltd-h (2698) Key Developments

Weiqiao Textile Co. Ltd. Provides Group Earnings Guidance for the Year Ended December 31, 2014

Weiqiao Textile Co. Ltd. provided group earnings guidance for the year ended December 31, 2014. For the year, the company expects that there would be a significant decrease in the profit of the group for the year ending 31 December 2014 as compared to the profit for the year ended 31 December 2013.

Weiqiao Textile Co. Ltd., Special/Extraordinary Shareholders Meeting, Dec 24, 2014

Weiqiao Textile Co. Ltd., Special/Extraordinary Shareholders Meeting, Dec 24, 2014., at 09:00 China Standard Time. Location: conference hall 401 on the Fourth Floor, Company Office Building. Agenda: To consider the thermal power assets swap agreement; and to discuss any other matters.

Weiqiao Textile Company Limited Reports Unaudited Earnings Results for the Six Months Ended June 30, 2014

Weiqiao Textile Company Limited reported unaudited earnings results for the six months ended June 30, 2014. For the period, the company reported total revenue of RMB 5,972,734,000 compared to RMB 6,701,708,000 a year ago. Profit before tax was RMB 301,479,000 compared to RMB 420,042,000 a year ago. Profit attributable to owners of the parent was approximately RMB 210,134,000 against RMB 266,073,000 for the corresponding period of last year. Basic and diluted earnings per share of the company were RMB 0.18 against RMB 0.22 a year ago. Net cash generated from operations was RMB 966,864,000 against cash used in operations was RMB 512,657,000 a year ago. Purchases of items of property, plant and equipment was RMB 42,648,000 against RMB 102,337,000 a year ago.


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Price/Sales 0.3x
Price/Book 0.2x
Price/Cash Flow 7.0x
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