Softcare Limited
HHKEX:269825.54
HKD
+0.60
(+2.41%)
Softcare Limited
HKEX:2698
(Hong Kong Exchange)
Recent
price
25.54
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
USD
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in mil. unless spec.Working Capital
USD
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in mil. unless spec.Growth Rates
USD
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in mil. unless spec.Semi-annual Revenue
USD
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in mil. unless spec.Semi-annual Earnings Per Share
USD
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in mil. unless spec.Semi-annual Dividends Per Share
USD
•
in mil. unless spec.- Similar Companies
- Business
- Weiqiao Textile Company Limited engages in the manufacture and sale of cotton yarns, grey fabrics, and denims through its Textile Products and Electricity and Steam segments. The company produces and sells polyester yarn, compact yarn, core-spun yarn, siro-spun yarn, vortex spun yarn, segment color yarn, snowflake yarn, cotton-wrapped filament yarn, differentiated new fiber yarns, high-count and high-density fabrics, spandex fabrics, denim including conventional, spandex, slub, cotton-polyester elasticity, cotton-bamboo blend, bamboo joint, and regenerated cellulose fiber blend varieties; it trades textile raw materials and products, generates and sells electricity and steam, provides repair services for textile machinery, conducts research and development of textile products, and sells coal. Operations span Mainland China, Hong Kong, East Asia, Southeast Asia, South Asia, and international markets, with headquarters in Zouping, Shandong Province, People's Republic of China; founded in 1951, it functions as a subsidiary of Shandong Weiqiao Chuangye Group Company Limited, part of the Fortune Global 500 Shandong Weiqiao Pioneering Group. In March 2024, parent Shandong Weiqiao Pioneering Group completed acquisition of the remaining 36.5475% stake in Weiqiao Textile for HKD 3.5 per share, privatizing the company via merger by absorption with Shandong Weiqiao Textile Technology Company Limited; this followed a December 2023 agreement financed by internal cash and external debt, with CICC as financial advisor. The firm maintains substantial production capacity of approximately 705,000 tons of yarn and 1.2 billion meters of fabric annually, employs over 120,000 people, and ranks as the world's largest cotton textile mill by output.