Weiqiao Textile Company Limited (WQTEF)
Weiqiao Textile Company Limited operates in the Apparel - Manufacturers industry of the Consumer Cyclical sector, headquartered in Zouping, CN. The stock last traded at $0.14, down 66.67% on the session, giving a market capitalisation of $167.2M. On trailing twelve-month figures it carries a trailing P/E of -0.11, a net margin of -9.4%. Its beta of 1.08 implies it has historically moved more than the broad market.
Weiqiao Textile Company Limited, along with its subsidiaries, specializes in the production and global distribution of textile products, notably cotton yarns, grey fabrics, and denim. Its market reach is substantial, encompassing Mainland China, Hong Kong, East Asia, Southeast Asia, South Asia, and various other international regions. The company's operations are distinctly categorized into two main divisions: Textile Products, and Electricity and Steam. In addition to its core textile manufacturing, it also produces and sells polyester yarn and related goods, and engages in the trading of textile raw materials and finished items. A notable aspect of its business is the generation and provision of electricity and steam, with its thermal power facilities reporting an installed capacity of 2,760 megawatts at the end of 2021. Established in 1999, the company is based in Zouping, People's Republic of China, and operates as a subsidiary of Shandong Weiqiao Chuangye Group Company Limited.
Weiqiao Textile Company Limited is most often compared with the following Consumer Cyclical names: