Weiqiao Textile Full Year 2022 Earnings: CN¥1.30 loss per share (vs CN¥0.51 profit in FY 2021)
Weiqiao Textile (HKG:2698) Full Year 2022 Results
Key Financial Results
- Revenue: CN¥16.6b (up 1.9% from FY 2021).
- Net loss: CN¥1.56b (down by 354% from CN¥614.2m profit in FY 2021).
- CN¥1.30 loss per share (down from CN¥0.51 profit in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Weiqiao Textile shares are down 5.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Weiqiao Textile has 2 warning signs we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:2698
Weiqiao Textile
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.
Adequate balance sheet and slightly overvalued.
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