Weiqiao Textile (02698): Net Loss Of 1.558 Billion Yuan From Profit To Loss In 2022
Weiqiao Textile (02698) recently released its annual report for fiscal year 2022. From January 1, 2022 to December 31, 2022, the company realized an operating income of 16.574 billion yuan, a year-on-year increase of 1.91%. The net loss attributable to the parent company was 1.558 billion yuan, ending with profit and turning into loss on a year-on-year basis. The net profit of the same period last year was 614 million yuan, and the basic earnings per share was -1.30 yuan.
Weiqiao Textile Co., Ltd. is mainly engaged in the production and sales of cotton yarn, grey cloth and denim. The company's subsidiaries include Weihai Weiqiao Textile Co., Ltd., Binzhou Weiqiao Science and Technology Industrial Park Co., Ltd. and Shandong Luteng Textile Co., Ltd. The company is also engaged in the production and sales of polyester yarn and related products through its subsidiaries.
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