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Weiqiao Textile Co Ltd Class H WQTEF

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Morningstar’s Analysis

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Company Profile

Business Description

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. The company's customer base includes Futai Textile, Jinxing Textile, and Yougor Group, amongst others. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also sale to external customers.

Contact
No. 1, Wei Fang Road, Zouping Economic Development Zone
Binzhou, 256200, China, People's Republic of
T +86 5434161066
Sector Consumer Cyclical
Industry Textile Manufacturing
Most Recent Earnings
Fiscal Year End Dec 31, 2021
Stock Type
Employees 44,000