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Weiqiao Textile SEHK:2698 Stock Report

Last Price

HK$3.49

Market Cap

HK$4.2b

7D

0%

1Y

198.3%

Updated

20 Mar, 2024

Data

Company Financials

Weiqiao Textile Company Limited

SEHK:2698 Stock Report

Market Cap: HK$4.2b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

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

2698 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

My Notes

Capture your thoughts, links and company narrative

Weiqiao Textile Company Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Weiqiao Textile
Historical stock prices
Current Share PriceHK$3.49
52 Week HighHK$3.49
52 Week LowHK$1.02
Beta1.08
1 Month Change1.16%
3 Month Change4.18%
1 Year Change198.29%
3 Year Change67.79%
5 Year Change13.31%
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
Weiqiao Textile (HKG:2698) Will Be Hoping To Turn Its Returns On Capital Around

Returns On Capital Signal Difficult Times Ahead For Weiqiao Textile (HKG:2698)

Mar 23
Returns On Capital Signal Difficult Times Ahead For Weiqiao Textile (HKG:2698)

Weiqiao Textile (HKG:2698) Could Easily Take On More Debt

Sep 11
Weiqiao Textile (HKG:2698) Could Easily Take On More Debt

Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital

Aug 13
Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital

Shareholders Will Probably Be Cautious Of Increasing Weiqiao Textile Company Limited's (HKG:2698) CEO Compensation At The Moment

Jul 09
Shareholders Will Probably Be Cautious Of Increasing Weiqiao Textile Company Limited's (HKG:2698) CEO Compensation At The Moment

Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital

May 07
Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital

Is Weiqiao Textile Company Limited (HKG:2698) The Right Choice For A Smart Dividend Investor?

Apr 16
Is Weiqiao Textile Company Limited (HKG:2698) The Right Choice For A Smart Dividend Investor?

Investors Can Find Comfort In Weiqiao Textile's (HKG:2698) Earnings Quality

Mar 26
Investors Can Find Comfort In Weiqiao Textile's (HKG:2698) Earnings Quality

Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?

Mar 22
Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?

Weiqiao Textile's (HKG:2698) Shareholders Are Down 45% On Their Shares

Feb 23
Weiqiao Textile's (HKG:2698) Shareholders Are Down 45% On Their Shares

Will the Promising Trends At Weiqiao Textile (HKG:2698) Continue?

Jan 27
Will the Promising Trends At Weiqiao Textile (HKG:2698) Continue?

How Does Weiqiao Textile Company Limited (HKG:2698) Fare As A Dividend Stock?

Dec 24
How Does Weiqiao Textile Company Limited (HKG:2698) Fare As A Dividend Stock?

A Look At Weiqiao Textile's (HKG:2698) CEO Remuneration

Dec 07
A Look At Weiqiao Textile's (HKG:2698) CEO Remuneration

Shareholder Returns

2698HK LuxuryHK Market
7D0%0.7%2.3%
1Y198.3%14.4%24.5%

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

Is 2698's price volatile compared to industry and market?
2698 volatility
2698 Average Weekly Movement0.6%
Luxury Industry Average Movement6.1%
Market Average Movement6.4%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.0%

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

FoundedEmployeesCEOWebsite
195139,000Jiakun Weiwww.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

How do Weiqiao Textile's earnings and revenue compare to its market cap?
2698 fundamental statistics
Market capHK$4.17b
Earnings (TTM)-HK$1.53b
Revenue (TTM)HK$17.64b

0.2x

P/S Ratio

-2.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2698 income statement (TTM)
RevenueCN¥16.23b
Cost of RevenueCN¥16.81b
Gross Profit-CN¥574.98m
Other ExpensesCN¥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 Ratio28.9%

How did 2698 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/03/20 03:57
End of Day Share Price 2024/03/20 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Haiyan GuoChina International Capital Corporation Limited
K. LauCitigroup Inc
Yuan ZhuGuosen Securities Co., Ltd.