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Weiqiao Textile Co Ltd
HKEX:2698

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Weiqiao Textile Co Ltd
HKEX:2698
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Price: 30.62 HKD -0.2% Market Closed
Market Cap: HK$18.6B

Operating Margin

-6.6%
Current
No historical data
Comparison unavailable

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
-6.6%
=
Operating Income
¥-1.1B
/
Revenue
¥16.2B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
-6.6%
=
Operating Income
HK$-1.1B
/
Revenue
¥16.2B

Market Distribution

Lower than 77% of companies in China
Percentile
23nd
Based on 8 544 companies
23nd percentile
-6.6%
Low
-409 046.1% — -1.4%
Typical Range
-1.4% — 10.3%
High
10.3% — 876.4%
Distribution Statistics
China
Min -409 046.1%
30th Percentile -1.4%
Median 4.2%
70th Percentile 10.3%
Max 876.4%

Weiqiao Textile Co Ltd
Glance View

Weiqiao Textile Co., Ltd. engages in the production, sale and distribution of cotton yarn, grey fabric and denim. The company is headquartered in Binzhou, Shandong and currently employs 40,000 full-time employees. The company went IPO on 2003-09-24. The Company’s subsidiaries include Weihai Weiqiao Textile Company Limited, Binzhou Weiqiao Technology Industrial Park Company Limited and Shandong Luteng Textile Company Limited. Through its subsidiaries, the Company is also engaged in the production and sale of polyester yarn and related products.

Intrinsic Value
Not Available
What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
-6.6%
=
Operating Income
¥-1.1B
/
Revenue
¥16.2B
What is Weiqiao Textile Co Ltd's current Operating Margin?

The current Operating Margin for Weiqiao Textile Co Ltd is -6.6%, which is in line with its 3-year median of -6.6%.

How has Operating Margin changed over time?

Over the last 3 years, Weiqiao Textile Co Ltd’s Operating Margin has decreased from 3.8% to -6.6%. During this period, it reached a low of -9.4% on Dec 31, 2022 and a high of 6.5% on Jun 30, 2021.

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