Weiqiao Textile Company Limited (HKG:2698)
Price:
4.28
Change:
+0.05 +1.18%
4/11/2013 3:59am ET |
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| Daily Chart |
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| Price: |
4.28
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| Change: |
+0.05 +1.18%
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| Open: |
4.23 |
| High: |
4.30 |
| Low: |
4.22 |
| Vol: |
1,026,474
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| Market Cap: |
1.772B |
| P/E: |
8.49 |
| 52wk Range: |
2.53 - 5.06 |
| EPS: |
0.4984 |
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| Financial brief |
| For the fiscal year ended 31 December 2010, Weiqiao Textile Company Limited's revenues increased 25% to RMB17.89B. Net income increased 82% to RMB1.63B. Revenue reflects increased income from sale of cotton yarn and grey fabric products. Net income also reflects a decrease in finance costs, a fall in other expenses, an increase in one off government subsidies, a raise in bank interest income and higher operating profit margins. |
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| Related news |
More... |
• Weiqiao Textile (HKG:2698) 1H net profit RMB54M, down 90%; no div 8/20/2012
Results of Weiqiao Textile Company Limited (HKG:2698) for the first 6 months ended 30 June 2012:
Net profit: RMB54M, down 90.1% YoYEPS: RMB0.05Interim dividend: nil ... |
• Weiqiao Textile (HKG:2698) sees 1H net profit to drop sharply 6/18/2012
Weiqiao Textile Company Limited (HKG:2698) expected that there would be a significant decrease in the profit of the Group for the six months ending 30 June 2012 as compared to a profit for the six months ended 30 June 2011.
The significant decrease in the profit was mainly due to the overall decrease in the demand for textile products from the continued wea... |
• Weiqiao Textile (HKG:2698) 2011 net profit RMB246M; div RMB0.0594 3/26/2012
Results of Weiqiao Textile Company Limited (HKG:2698) for the fiscal year ended 31 December 2011:
Net profit: RMB245.584M, down 84.9% YoY
EPS: RMB0.21
Final dividend: RMB0.0594 ... |
• Weiqiao Textile (HKG:2698): core biz may record loss in 2011 12/16/2011
Weiqiao Textile (HKG:2698) has warned that it expects group results for the year ending 31 December 2011 to be substantially lower than that for the corresponding period in 2010, adding that it can still expect a profit.
Core business may record a loss due to impairment provision made for the inventory based on the accounting principle of prudence and releva... |
• Weiqiao Textile (HKG:2698) sees $629M gain from ppt sale 12/15/2011
Weiqiao Textile Company (HKG:2698) has entered into a property transfer agreement with Shandong Zouping Kaida Real Estate Development (Zouping Kaida), pursuant to which Weiqiao Textile agreed to transfer to Zouping Kaida properties situated at Zouping Economic Development Zone, Shandong Province, the PRC for RMB689 million (HK$840.244 million).
The directors... |
• Weiqiao Textile (HKG:2698) 1H net profit RMB545M, up 0.16%; no div 8/19/2011
Results of Weiqiao Textile Company (HKG:2698) for the 6 months ended 30 June 2011:
Net profit: RMB545M, up 0.16% YoYEPS: RMB0.46Interim dividend: Nil... |
• Weiqiao Textile (HKG:2698) 1H net profit RMB545M, up 38%; no div 8/24/2010
Weiqiao Textile Company Limited (HKG:2698) recorded a profit attributable to equity holders of RMB544.5 million for the first half of 2010, up 38% compared with a year ago.
EPS were RMB0.46. No interim dividend was declared.... |
• Weiqiao (HKG:2698) H-share final dividend $0.2656 6/2/2010
Weiqiao Textile (HKG:2698) announced that its H-share final dividend has been determined at $0.2656 per H share. ... |
• FMR reduces stocks in Weiqiao (HKG:2698) to 4.94% 4/7/2010
FMR LLC has reduced its long position in Weiqiao Textile (HKG:2698) from 5.20% to 4.94%, after it sold 1.05 million H shares of the company on March 31 at US$0.792 per share on average, the Stock Exchange's SDI information shows. The shares were traded on the Stock Exchange for a total of US$831,204($6.49 million).... |
• Weiqiao Textile (HKG:2698) appoints Zhao Suwen as CFO 3/30/2010
Weiqiao Textile (HKG:2698) announced that Qi Xingli has resigned as the chief financial officer and authorized representative due to work reallocation. In replacement of Qi, the board of directors has appointed Zhao Suwen and Zhang Jinglei as the chief financial officer and authorized representative respectively with effect from 29 March 2010.... |
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| Summary |
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Weiqiao Textile Company Limited (Weiqiao Textile) is principally engaged in the manufacture and sale of cotton yarn, grey fabric and denim in the People’s Republic of China and overseas. During the year ended December 31, 2009, the Company’s production volume of cotton yarn, grey fabric and denim were approximately 648,000 tons, 1,186,000,000 meters and 105,000,000 meters, respectively. As of December 2009, it had a total of 8,500 domestic customers and over 830 overseas customers. The Company conducts the majority of its business activities in four geographical areas, Mainland China, Hong Kong, East Asia (comprising Japan and South Korea) and others. Weiqiao Textile’s subsidiaries include Weihai Weiqiao Textile Company Limited, Binzhou Weiqiao Technology Industrial Park Company Limited, Shandong Weiqiao Mianye Company Limited and Weihai Industrial Park. Its joint ventures include Luteng Textile and Binteng Textile. |
| Contact |
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39th Floor, Gloucester Tower The Landmark 15 Queens Road Central |
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Hong Kong |
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+86-21-27072788 (Phone) |
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+86-21-27072588 (Fax) |
| Website |
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www.wqfz.com
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| Information is provided 'as is' and solely for informational
purposes, not for trading purposes or advice, and may be delayed. |
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