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Weiqiao Textile Company Limited (China)

Main Activities: Textile Mills
Full name: Weiqiao Textile Company Limited Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Chinese Download a sample report

Weiqiao Textile Company Limited is a subsidiary of Shandong Weiqiao Pioneering Group, a Fortune 500 company. It is located in Hong Kong and was officially listed on the Hong Kong Stock Exchange on September 24, 2003 (stock code 2698). The company is primarily engaged in the production, sales, and distribution of cotton yarn, grey fabric, denim fabric, electricity, and steam. Weiqiao Textile is a globally competitive cotton textile enterprise. Weiqiao Textile has four production bases in Zouping, Weiqiao, Binzhou, and Weihai. The company has strong technical capabilities and has built green intelligent integrated production lines using advanced production equipment. It also utilizes a powerful big data platform and advanced management system to achieve intelligent production, smart control systems, online monitoring, and green manufacturing processes. In 2020, the company successfully obtained the Global Recycled Standard (GRS) certification for its commitment to sustainable practices and was included in the list of National Green Factories. Weiqiao Textile has received numerous awards and honors for its key technologies and industrial projects in intelligent spinning based on data flow. The company's product portfolio includes various types of cotton yarn, fabric, core-spun yarn, new types of spinning, differentiated fiber yarn, high-count and high-density elastic fabrics, denim fabric, and various types of jacquard fabrics. It offers more than 20,000 varieties of products, with the highest yarn count reaching 500 and the highest fabric density reaching 1800 roots. The company's products meet international quality standards, and it holds over 200 patents for its innovative achievements. Weiqiao Textile's "Weiqiao" brand of pure cotton yarn, grey fabric, and denim fabric has been recommended by the China Cotton Textile Industry Association as the "Most Influential Product Brand." The "Weiqiao" brand has been listed in the "China's Top 500 Most Valuable Brands" for 20 consecutive years and has been ranked among the Fortune Global 500 for four consecutive years, ranking 442nd in 2022. The "Weiqiao" brand products are known for their high quality, wide range of specifications, and are sold in more than 120 countries and regions, including Europe, America, Japan, South Korea, and Southeast Asia. Weiqiao Textile has been recognized as an advanced collective in the national textile industry, the national supply and marketing cooperative system, and a model home for workers. The company has been visited by top Chinese leaders, including Hu Jintao, Wu Bangguo, Wen Jiabao, Yu Zhengsheng, Wu Guanzheng, and Zhang Gaoli, who have highly praised the company's development and performance.

Headquarters
No. 1 Weifang Road, Zouping Economic Development Zone, Zouping County
Binzhou; Shandong; Postal Code: 256200

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Website: http://www.wqfz.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 06, 1999
Key Executives
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Chairman
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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Subsidiaries
Shandong Binteng Textile Company Limited (Binteng Textile)
100%
Shandong Hongjie Textile Technology Company Limited
100%
Shandong Hongjun Textile Company Limited
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-4.12%
Total operating revenue
-3.49%
Operating profit (EBIT)
31.39%
EBITDA
N/A
Net Profit (Loss) for the Period
22.36%
Total assets
-2.3%
Total equity
-7.77%
Operating Profit Margin (ROS)
2.03%
Net Profit Margin
1.49%
Return on Equity (ROE)
0.56%
Debt to Equity Ratio
13.85%
Quick Ratio
-0.15%
Cash Ratio
-0.3%

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