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02698 WEIQIAO TEXTILE

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  • 3.490
  • 0.0000.00%
Market Closed Mar 19 16:08 CST
4.17BMarket Cap-2722P/E (TTM)

About WEIQIAO TEXTILE Company

Weiqiao Textile Co., Ltd. (“Weiqiao Textile” or the “Company”; together with its subsidiaries collectively referred to as the “Group”) is mainly engaged in the production, sale and distribution of cotton yarn, rough cloth and denim, and is the largest cotton textile producer in China. Weiqiao Textile is currently the cotton textile enterprise with the largest textile capacity in the world. It is one of the top 500 Chinese enterprises and 26 very large enterprises in Shandong Province. Over the past ten years, we have seized the opportunity of China's rapid economic growth, established a huge production scale, combined with advanced technology and equipment, and laid a solid foundation for the global cotton textile market. Weiqiao Textile is located in Shandong Province, the third largest cotton producing province in China. The production scale is huge. There are four production bases, namely Weiqiao Production Base (Second and Third Production Areas), Binzhou Production Base (Binzhou Industrial Park First Production Zone and Second Production Area), Weihai Production Base (Weihai Weiqiao Textile Co., Ltd. and Weihai Weiqiao Technology Industrial Park Co., Ltd. “Weiwei Industrial Park”) and Zouping Production Base (Zouping First Industrial Park, Zouping Second Industrial Park, and Zouping Third Industrial Park). As of December 31, 2014, it employed approximately 74,000 people. The production area works in shifts 24 hours a day. In 2014, the Group produced about 394,000 tons of cotton yarn, 978,000,000 meters of raw cloth and 76,000,000 meters of denim. The strong economic scale puts Weiqiao Textile in an advantageous position. Furthermore, as a comprehensive cotton textile manufacturer, the Group manufactures raw cloth and denim from cotton yarn produced by itself. The Group has a complete range of products, with more than 2,000 types, all sold overseas and domestically under the famous “Wei Qiao” trademark. The Group's customers include market leaders in the textile industry such as ITOCHU, Fukuda Industrial Group, and Tokunaga Kei Group. As for the domestic market, many of the Group's domestic customers are companies located in South China and East China, where there are many large textile and garment companies. Urbanization and income doubling targets will drive demand for textiles and clothing in China for a long time. At the same time, consumer demand is shifting to the middle and upper end. While actively developing markets and reducing inventories, Weiqiao Textile will also optimize operating processes through technological transformation and innovation to further reduce the employment level of 10,000 ingots and improve operational efficiency. The Group will adhere to the strategy of developing high-end products and opening up emerging markets, use industry integration opportunities to expand market share, and continue to maintain the Group's leading position in the global cotton textile industry.

Company Profile

Symbol02698
Company NameWEIQIAO TEXTILE
ISINCNE1000004M7
Listing Date09/24/2003
Issue Price8.50
Shares Offered249.77M share
Founded12/06/1999
RegistrationChina
ChairmanHongxia Zhang
SecretaryJinglei Zhang
Audit InstitutionNobunaga Zhonghe (Hong Kong) Certified Public Accountants Limited
Company CategoryMainland registration of Mainland Individuals control
Registered OfficeNo.1 Weifang Road, Zouping Economic Development Zone, Zouping City, Shandong Province
Head Office and Principal Place of BusinessRoom 5105, 51/F, Cheung Kong Group Centre, 2 Queen's Road Central, Central, Hong Kong
Fiscal Year Ends12-31
Employees39000
MarketHong Kong motherboard
Phone(852)28151090;(852)21170861
Fax(852)21170869
Emailrebecca@wqfz.com;weiqiao@ChristensenIR.com
Business Weiqiao Textile Co., Ltd. is mainly engaged in the production and sale of cotton yarn, cotton cloth and denim. The company's subsidiaries include Weihai Weiqiao Textile Co., Ltd., Binzhou Weiqiao Technology Industrial Park Co., Ltd., and Shandong Luteng Textile Co., Ltd. The company is also engaged in the production and sale of polyester yarn and related products through its subsidiaries.

Company Executives

  • Name
  • Position
  • Salary
  • Hongxia Zhang
  • Remuneration Committee Member,Chairman of the Board,Executive Director,Nomination Committee Chairman
  • 1.37M
  • Yanhong Zhang
  • Executive Director,Vice Chairman
  • 1.03M
  • Jiakun Wei
  • GM,Executive Director
  • 726.00K
  • Suwen Zhao
  • Executive Director,Finance Director,Authorized Representative
  • 734.00K
  • Jinglei Zhang
  • Executive Director,Company Secretary,Authorized Representative
  • 429.00K
  • Suhua Zhao
  • Non-Executive Director
  • 214.00K
  • Yongyou Chen
  • Independent Non-Executive Director,Audit Committee Chairman
  • 536.00K
  • Shuwen Chen
  • Remuneration Committee Member,Independent Non-Executive Director,Audit Committee Member,Nomination Committee Member
  • 150.00K
  • Yanzhao Liu
  • Remuneration Committee Chairman,Independent Non-Executive Director,Nomination Committee Member,Audit Committee Member
  • 150.00K
  • Xiaoyun Wang
  • Employee representative supervisor,Chairman of the Supervisory Board
  • 30.00K
  • Xuelian Fan
  • Shareholders' representatives and supervisors
  • 30.00K
  • Xiaoxia Bo
  • Shareholders' representatives and supervisors
  • 144.00K

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