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2698 Stock Overview
Weiqiao Textile Company Limited, together with its subsidiaries, engages in the manufacture and sale of cotton yarns, grey fabrics, and denims in Mainland China, Hong Kong, East Asia, Southeast Asia, South Asia, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Weiqiao Textile Company Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$3.49 |
| 52 Week High | HK$3.49 |
| 52 Week Low | HK$1.02 |
| Beta | 1.08 |
| 1 Month Change | 1.16% |
| 3 Month Change | 4.18% |
| 1 Year Change | 198.29% |
| 3 Year Change | 67.79% |
| 5 Year Change | 13.31% |
| Change since IPO | -63.07% |
Recent News & Updates
Recent updates
Weiqiao Textile (HKG:2698) Will Be Hoping To Turn Its Returns On Capital Around
Jul 16
Returns On Capital Signal Difficult Times Ahead For Weiqiao Textile (HKG:2698)
Mar 23Weiqiao Textile (HKG:2698) Could Easily Take On More Debt
Sep 11Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital
Aug 13Shareholders Will Probably Be Cautious Of Increasing Weiqiao Textile Company Limited's (HKG:2698) CEO Compensation At The Moment
Jul 09Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital
May 07Is Weiqiao Textile Company Limited (HKG:2698) The Right Choice For A Smart Dividend Investor?
Apr 16Investors Can Find Comfort In Weiqiao Textile's (HKG:2698) Earnings Quality
Mar 26Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?
Mar 22Weiqiao Textile's (HKG:2698) Shareholders Are Down 45% On Their Shares
Feb 23Will the Promising Trends At Weiqiao Textile (HKG:2698) Continue?
Jan 27How Does Weiqiao Textile Company Limited (HKG:2698) Fare As A Dividend Stock?
Dec 24
A Look At Weiqiao Textile's (HKG:2698) CEO Remuneration
Dec 07Shareholder Returns
| 2698 | HK Luxury | HK Market | |
|---|---|---|---|
| 7D | 0% | 4.3% | 4.3% |
| 1Y | 198.3% | 9.7% | 28.1% |
Return vs Industry: 2698 exceeded the Hong Kong Luxury industry which returned -19.7% over the past year.
Return vs Market: 2698 exceeded the Hong Kong Market which returned -11.8% over the past year.
Price Volatility
| 2698 volatility | |
|---|---|
| 2698 Average Weekly Movement | 0.6% |
| Luxury Industry Average Movement | 6.2% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in HK Market | 13.8% |
| 10% least volatile stocks in HK Market | 3.0% |
Stable Share Price: 2698 has not had significant price volatility in the past 3 months.
Volatility Over Time: 2698's weekly volatility has decreased from 14% to 1% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1951 | 39,000 | Jiakun Wei | www.wqfz.com |
Weiqiao Textile Company Limited, together with its subsidiaries, engages in the manufacture and sale of cotton yarns, grey fabrics, and denims in Mainland China, Hong Kong, East Asia, Southeast Asia, South Asia, and internationally. The company operates through Textile Products, and Electricity and Steam segments. It also produces and sells polyester yarn, compact yarn, and related products; and trades in textile raw materials and products.
Weiqiao Textile Company Limited Fundamentals Summary
| 2698 fundamental statistics | |
|---|---|
| Market cap | HK$4.17b |
| Earnings (TTM) | -HK$1.53b |
| Revenue (TTM) | HK$17.64b |
0.2x
P/S Ratio-2.7x
P/E RatioIs 2698 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2698 income statement (TTM) | |
|---|---|
| Revenue | CN¥16.23b |
| Cost of Revenue | CN¥16.81b |
| Gross Profit | -CN¥574.98m |
| Other Expenses | CN¥836.95m |
| Earnings | -CN¥1.41b |
Last Reported Earnings
Jun 30, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.18 |
| Gross Margin | -3.54% |
| Net Profit Margin | -8.70% |
| Debt/Equity Ratio | 28.9% |
How did 2698 perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/20 10:09 |
| End of Day Share Price | 2024/03/20 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Weiqiao Textile Company Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Haiyan Guo | China International Capital Corporation Limited |
| K. Lau | Citigroup Inc |
| Yuan Zhu | Guosen Securities Co., Ltd. |