Weiqiao Textile Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Weiqiao Textile.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Luxury earnings growth	11.4%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	None
Last updated	n/a

Recent future growth updates

Recent updates

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

Aug 13

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

Jul 09

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

May 07

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

Apr 16

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

Mar 26

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

Mar 22

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

Feb 23

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

Jan 27

How 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 07

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Weiqiao Textile has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

SEHK:2698 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2023	16,232	-1,412	-3,030	-2,062	N/A
3/31/2023	16,403	-1,485	-2,642	-1,695	N/A
12/31/2022	16,574	-1,558	-2,255	-1,328	N/A
9/30/2022	16,816	-1,088	-1,723	-1,110	N/A
6/30/2022	17,057	-619	-1,191	-891	N/A
3/31/2022	16,660	-2	-558	-366	N/A
12/31/2021	16,263	614	75	159	N/A
9/30/2021	15,537	624	806	890	N/A
6/30/2021	14,812	633	1,537	1,621	N/A
3/31/2021	13,778	419	1,460	1,524	N/A
12/31/2020	12,743	205	1,383	1,428	N/A
9/30/2020	12,779	186	1,074	1,346	N/A
6/30/2020	12,814	167	764	1,265	N/A
3/31/2020	13,991	193	1,036	1,554	N/A
12/31/2019	15,168	218	1,309	1,844	N/A
9/30/2019	15,499	383	1,386	1,704	N/A
6/30/2019	15,830	548	1,463	1,564	N/A
3/31/2019	16,143	596	1,646	1,780	N/A
12/31/2018	16,456	644	1,829	1,996	N/A
9/30/2018	16,366	585	N/A	N/A	N/A
6/30/2018	16,277	525	2,496	2,797	N/A
3/31/2018	16,325	524	2,608	2,907	N/A
12/31/2017	16,373	522	2,719	3,017	N/A
9/30/2017	16,561	736	N/A	N/A	N/A
6/30/2017	16,748	949	-314	3,683	N/A
3/31/2017	15,462	971	N/A	3,675	N/A
12/31/2016	14,175	993	N/A	3,666	N/A
9/30/2016	13,874	1,001	N/A	3,772	N/A
6/30/2016	13,573	1,009	N/A	3,878	N/A
3/31/2016	13,036	994	N/A	4,093	N/A
12/31/2015	12,498	979	N/A	4,308	N/A
9/30/2015	11,298	695	N/A	3,598	N/A
6/30/2015	10,098	412	N/A	2,889	N/A
3/31/2015	10,654	360	N/A	2,443	N/A
12/31/2014	11,211	308	N/A	1,998	N/A
9/30/2014	12,181	441	N/A	2,493	N/A
6/30/2014	13,152	573	N/A	2,988	N/A
3/31/2014	13,516	601	N/A	2,248	N/A
12/31/2013	13,881	629	N/A	1,508	N/A
9/30/2013	14,061	661	N/A	1,768	N/A
6/30/2013	14,240	694	N/A	2,028	N/A
3/31/2013	14,744	588	N/A	3,233	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 2698's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if 2698's earnings are forecast to grow faster than the Hong Kong market

High Growth Earnings: Insufficient data to determine if 2698's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 2698's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 2698's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 2698's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/03/20 09:02
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

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.

Weiqiao Textile Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Weiqiao Textile Company Limited Provides Earning Guidance for the First Half Ended June 30, 2023

Weiqiao Textile Company Limited Provides Preliminary Unaudited Group Earnings Guidance for the Year Ended 31 December 2022

Weiqiao Textile Company Limited Provides Earning Guidance for the Interim Results for the Six Months Ended 30 June 2022

Weiqiao Textile Company Limited Provides Unaudited Group Earnings Guidance for the Year Ended December 31, 2021

Weiqiao Textile Company Limited Provides Unaudited Group Earnings Guidance for the Six Months Ended June 30, 2021

Recent updates

Shandong Weiqiao Pioneering Group Co.,Ltd completed the acquisition of remaining 36% stake in Weiqiao Textile Company Limited (SEHK:2698).

Shandong Weiqiao Pioneering Group Co.,Ltd agreed to acquire remaining 36% stake in Weiqiao Textile Company Limited (SEHK:2698) for HKD3.5 per share.

New major risk - Share price stability

First half 2023 earnings released: CN¥0.42 loss per share (vs CN¥0.54 loss in 1H 2022)

Weiqiao Textile Company Limited to Report First Half, 2023 Results on Aug 11, 2023

Weiqiao Textile Company Limited Provides Earning Guidance for the First Half Ended June 30, 2023

Full year 2022 earnings released: CN¥1.30 loss per share (vs CN¥0.51 profit in FY 2021)

Weiqiao Textile Company Limited Provides Preliminary Unaudited Group Earnings Guidance for the Year Ended 31 December 2022

Less than half of directors are independent

First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.49 in 1H 2021)

Weiqiao Textile Company Limited to Report Q2, 2022 Results on Aug 19, 2022

Weiqiao Textile (HKG:2698) Will Be Hoping To Turn Its Returns On Capital Around

Weiqiao Textile Company Limited Provides Earning Guidance for the Interim Results for the Six Months Ended 30 June 2022

Investor sentiment deteriorated over the past week

Weiqiao Textile Company Limited Approves Final Dividend for the Year Ended 31 December 2021, Payable on 24 June 2022

Upcoming dividend of CN¥0.18 per share

Less than half of directors are independent

Weiqiao Textile Company Limited, Annual General Meeting, May 27, 2022

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

Full year 2021 earnings: Revenues in line with analyst expectations

Weiqiao Textile Company Limited to Report Fiscal Year 2021 Results on Mar 11, 2022

Weiqiao Textile Company Limited Provides Unaudited Group Earnings Guidance for the Year Ended December 31, 2021

First half 2021 earnings released: EPS CN¥0.49 (vs CN¥0.13 in 1H 2020)

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

Investor sentiment improved over the past week

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

Investor sentiment improved over the past week

Weiqiao Textile Company Limited Provides Unaudited Group Earnings Guidance for the Six Months Ended June 30, 2021

Independent Non-Executive Director Shuwen Chen has left the company

Chairman of the Supervisory Board Xiaoyun Wang has left the company

Weiqiao Textile Company Limited Approves Final Dividend for the Year Ended 31 December 2020

Upcoming dividend of CN¥0.061 per share

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?

Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.18 in FY 2019)

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

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

Weiqiao Textile Company Limited Recommends Payment of Final Dividend for the Year Ended December 31, 2020, Payable on 29 June 2021

Full year 2020 earnings released

Weiqiao Textile Company Limited to Report Fiscal Year 2020 Results on Mar 19, 2021

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

New 90-day high: HK$2.31

Investor sentiment improved over the past week

New 90-day high: HK$1.90

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

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

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

Weiqiao Textile Company Limited Enters into the Renewed Cotton Yarn, Grey Fabric and Denim Supply Agreement with Agreement with

New 90-day high - HK$1.87

First half earnings released

First half earnings released

Weiqiao Textile Company Limited to Report First Half, 2020 Results on Aug 14, 2020

New 90-day high - HK$1.83

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources