Weiqiao Textile

What Weiqiao Textile does

Weiqiao Textile Co., Ltd. (HKEX: 2698) is a vertically integrated cotton textile manufacturer headquartered in Zouping, Shandong Province, China, established in 1999 and listed on the Hong Kong Stock Exchange in 2003. The company is a controlled subsidiary of Shandong Weiqiao Pioneering Group, a Fortune Global 500 diversified conglomerate, and operates four production bases across Shandong Province with 6 million spindles and approximately 720,000 tons of annual yarn capacity. Its three core product lines are cotton yarn (counts 6 to 500, including specialty fibers such as Tencel, Lyocell, bio-based PLA, and PTT), grey fabric (over 20,000 varieties across plain, twill, satin, dobby, and jacquard weaves with density up to 1800TC), and denim (over 1,000 varieties with 30 years of production experience). Beyond core commodity products, the company has developed an expanding specialty portfolio including nano-functional composite yarn, one-step 3D woven forming, waterless dyeing, recycled cotton/polyester, graphene-modified fibers, and intelligent temperature regulation textiles, supported by 200+ patents and a self-developed I3.0 intelligent manufacturing system with 5G-based data integration.

The company's business model is B2B manufacturing with customized pricing based on yarn count, fabric specifications, and order volume under multi-year contracts. It serves global fashion brands, garment manufacturers, and home textile producers through a marketing center at headquarters, 18+ regional sales offices across China's major textile hubs (Fujian, Shaoxing, Foshan, Wujiang, Nantong, Shanghai, Guangzhou, Shandong, Hebei, Northeast, Anhui, Hangzhou, Huzhou, Changzhou, Changshu, Zhangjiagang, Zhongshan, Zhongda), and dedicated export divisions with offices in Shanghai and Hong Kong. Named enterprise customers include major international trading companies Itochu Corporation, Marubeni Corporation, Nichimen, Texhong, and Futian Industrial. Products are distributed to over 120 countries across Europe, USA, Japan, Korea, and Southeast Asia. R&D is conducted through the in-house Shandong Weiqiao Textile Technology R&D Center in collaboration with Donghua University, Wuhan Textile University, Qingdao University, Ningbo Institute of Materials Technology, and the National Textile Product Development Center, with a strategic focus on sustainable materials (GRS 4.0 certified), functional textiles, and intelligent manufacturing.

The company reported 10,000+ employees, revenue in the multi-billion range (with material margin compression in 2022 showing negative gross profit and net income), and ongoing capacity expansion including an RMB 820 million automated intelligent spinning and weaving line (2019) and the establishment of a new operating subsidiary, Shandong Weiqiao Textile Technology Co., Ltd. (October 2023). The company holds ISO 9001, ISO 14001, and GRS 4.0 certifications, was designated a National Green Factory by MIIT, and was recognized as a National Intellectual Property Advantage Enterprise in 2022.

Name

Weiqiao Textile

Legal name

魏桥纺织股份有限公司 (Weiqiao Textile Co., Ltd.)

Website

https://wqfz.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Weiqiao Textile (HKEX: 2698) is a vertically integrated Chinese cotton textile manufacturer producing cotton yarn, grey fabric, and denim from 6 million spindles across Shandong Province, serving global fashion brands and garment manufacturers in 120+ countries through direct B2B sales.

Ownership category

akta.pro rank

Product category

Cotton Textile Manufacturing

NAICS

Fiber, Yarn, and Thread Mills (31311), Broadwoven Fabric Mills (313210), Knit Fabric Mills (31324)

SIC

Broadwoven Fabric Mills, Cotton (2211), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221)

akta.pro primary industry

Greige Woven Fabric Mills (IMAOABAA)

akta.pro secondary industries

Denim & Twill Mills (IMAOABAG), Knitted Fabric Mills (IMAOABAB)

Keywords

• Cotton textile manufacturing
• Cotton yarn production
• Grey fabric weaving
• Denim manufacturing
• Intelligent textile manufacturing

Headquarters

HQ city

Zouping

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Cotton Yarn Manufacturing and Sales: Production and sale of cotton yarn including ring spinning, compact spinning, siro spinning, rotor spinning, and vortex spinning. Annual capacity approximately 720,000 tons from 6 million spindles.
2. Grey Fabric Manufacturing and Sales: Production and sale of grey fabric in five categories: plain, twill, satin, dobby, and jacquard. Over 20,000 varieties with density up to 1800TC.
3. Denim Manufacturing and Sales: Nearly 30 years of denim production experience with over 1,000 varieties including plain, twill, satin, broken twill, and flat khaki stripes.
4. Electricity and Steam Supply: Power and steam generation as part of integrated operations supporting manufacturing.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Weiqiao Textile is a vertically integrated cotton textile manufacturer producing cotton yarn, grey (greige) fabric, and denim. The company operates 6 million spindles with annual capacity of approximately 720,000 tons of yarn, 20,000+ varieties of grey fabric up to 1800TC density, and 1,000+ varieties of denim (3–17 OZ). It sells customized bulk textile products to global fashion brands, garment manufacturers, and trading companies across more than 120 countries.

Product overview

Weiqiao Textile is a globally competitive cotton textile enterprise (subsidiary of Fortune Global 500 Shandong Weiqiao Pioneering Group, stock code 2698.HK) operating as a vertically integrated textile manufacturer. The core product portfolio consists of three main categories: (1) Cotton Yarn - with 6 million spindles producing 720,000 tons annually, capable of spinning counts from 6 to 500; (2) Grey/Greige Fabric - over 20,000 varieties across plain, twill, satin, dobby, and jacquard weaves with maximum density of 1800TC; and (3) Denim - nearly 30 years of experience with over 1,000 varieties and production spanning yarn counts 5S to 60S. Beyond these core products, the company has developed an extensive range of specialty innovative product series including nano-functional composite yarn, one-step woven fabric forming, composite spinning, graphene, bio-based PLA, recycled materials, waterless dyeing, and intelligent temperature regulation textiles. The product portfolio serves diverse markets including high-end knit apparel, home textiles, denim, and functional fabrics, with distribution across more than 120 countries and regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Cotton Yarn (纱线) Cotton yarn produced on 6 million spindles with annual capacity of approximately 720,000 tons. Includes ring spinning, compact spinning, siro spinning, vortex spinning, and rotor spinning. Capable of counts from 6 to 500 — one of few companies worldwide producing 500-count yarn. Also develops specialty fibers including Tencel, bamboo fiber, Lyocell, bio-based PLA, and PTT. Sold to textile and apparel manufacturers.
• Grey/Greige Fabric (坯布) Woven grey fabric produced at large scale with advanced equipment. Over 20,000 varieties across five categories: plain, twill, satin, dobby, and jacquard. Raw materials include pure cotton, polyester-cotton, linen-cotton, modal, soybean fiber, Tencel, and bamboo fiber. Maximum density 1800TC; widths 44 to 137 inches. Sold to garment and home textile producers.
• Denim (牛仔布) Denim with nearly 30 years of production experience. Production lines equipped with imported air-jet looms and advanced finishing (shrinkage, desizing, mercerizing, setting). Over 1,000 varieties including plain, twill, satin, broken twill, and flat khaki stripes. Yarn counts 5S to 60S, widths 50–71 inches, weights 3–17 OZ. Materials include pure cotton, modal, stretch, Tencel, bamboo fiber. Sold to denim and apparel brands.
• Recycled Cotton/Polyester Series (再生棉/再生涤系列) GRS 4.0 certified recycled yarns efficiently produced from cotton waste and defective fabrics. Full industry chain certification from raw cotton regeneration to spinning, weaving, dyeing, and trading. Applied in denim and woven apparel for sustainability-focused brands.
• Waterless Dyeing Series (无水上染系列) 2023 Shandong Province key R&D project that achieves fiber coloring during the spinning process, eliminating wastewater discharge from traditional dyeing. Color fastness reaches grade 4. Applied in infant wear, underwear, home textiles, and apparel.
• Graphene Series (石墨烯系列) Graphene-modified fibers combined with other fibers through different fabric structures. Features far-infrared emission, improved microcirculation, antibacterial, dust mite prevention, antistatic, cooling conduction, and UV protection. Applied in functional apparel and home textiles.
• Bidirectional Intelligent Temperature Regulation Series (双向智能调温系列) Microencapsulated PCM (phase change material) technology. Absorbs heat when warm (liquification) and releases heat when cold (solidification) to maintain comfortable body temperatures. Applied in casual apparel, underwear, hotel linens, and mid-to-high-end home textiles.

Quantifiable outcome

• 90% labor reduction in new intelligent factory
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and secondary.

• Shanghai Huafeng Ruixun (上海华峰瑞讯)coreStrategic or Co-development Partner · 22 February 2023Collaboration on PTT elastic short fiber product development and application project. Weiqiao developed Sorona comfort cotton-feel products using proprietary Sorona spinning technology in partnership with Huafeng Ruixun. Products combine bio-based Sorona fibers with natural cotton for sustainable elastic textiles.
• Donghua University (东华大学)coreStrategic or Co-development PartnerLong-term R&D collaboration including micro-nano fiber embedded spinning technology development,院士研究院 for new fiber materials research, and various joint product development projects. Weiqiao and Donghua University cooperate on textile innovation and talent cultivation.
• Ningbo Institute of Materials Technology (宁波材料研究所)secondaryStrategic or Co-development PartnerCollaboration in smart clothing, wearable technology, and sports health monitoring using elastic electronic technology combined with textiles for industrialization and application.
• Renhe Technology (韧和科技)secondaryStrategic or Co-development PartnerPartnership for elastic electronic technology + textile/clothing industrialization and application in smart wearable and health monitoring products.
• Qingdao University (青岛大学)secondaryStrategic or Co-development PartnerCollaboration on antibacterial textile intelligent green manufacturing key technology and application project.
• Wuhan Textile University (武汉纺织大学)secondaryStrategic or Co-development PartnerAcademic partnership for technology research, talent development, and industry-academia collaboration in textile innovation.
• Tianjin Polytechnic University (天津工业大学)secondaryStrategic or Co-development PartnerAcademic partnership for textile technology research and development collaboration.
• China Textile Product Development Center (国家纺织产品开发中心)coreStrategic or Co-development PartnerActive participation in Product Development Technology Innovation Alliance projects; collaboration on new yarn and fabric technology innovation including plant-derived antibacterial fiber applications.
• China National Textile and Apparel Council (中国纺织工业联合会)coreStrategic or Co-development PartnerClimate innovation collaboration including 30/60 China Fashion Brand Carbon Neutrality Acceleration Plan, CNTAC-LCA Working Group, and carbon peaking/neutrality target planning. Partnership for sustainable textile industry development.
• China Quality Certification Center (中国质量认证中心)secondaryImplementation/ SI/ Consulting PartnerAnnual quality management system and environmental management system audits and certification.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• Pacific Jeans Limited: Leading Bangladesh-based denim manufacturer supplying Western brands at lower cost. An emerging peer that competes on volume/baseload denim orders against Weiqiao and other Chinese producers.

Direct peers

• Huafu Fashion Co., Ltd. China's largest yarn-dyed cotton yarn manufacturer, supplying similar fashion brands and textile mills. Directly comparable in yarn-centric product mix, scale, and downstream fashion-customer focus.
• Esquel Group: Vertically integrated cotton textile manufacturer producing yarn, woven fabric, and shirts with global brand customers (Nike, Ralph Lauren). Closely comparable in vertical integration, cotton focus, and premium brand supply role.
• Texhong Textile Group: Hong Kong-listed Chinese vertically integrated textile manufacturer producing yarn, grey fabric, and denim with comparable scale, customer base (international brands), and export model — the most direct comparable for Weiqiao.
• Lutai Textile Co., Ltd. Shandong-based vertically integrated cotton textile manufacturer producing yarn, fabric, and shirts. Overlaps heavily with Weiqiao in product categories, geography, and B2B export model.

Broad incumbents

• Arvind Limited: India's largest vertically integrated textile manufacturer producing denim, woven fabric, and yarn for global brands. Comparable in integrated cotton-textile model, though with broader apparel and retail exposure.
• Ruyi Technology Group: Large Chinese textile and apparel conglomerate with cotton and wool textile operations plus global brand portfolio (SMCP, Aquascutum). A broader incumbent operating adjacent to Weiqiao's cotton yarn/fabric/denim niche.
• Jiangsu Sunshine Group: Large Chinese textile conglomerate producing worsted fabric, wool textile, and apparel. Adjacent vertically integrated textile manufacturer with comparable scale and international customer reach.
• Elevate Textiles (Cone Denim): Global denim and specialty textile manufacturer (Cone Denim, Burlington, American & Efird). Comparable in denim production scale, technical innovation, and global brand customer base.

Regional players

• Bossa Ticaret ve Sanayi Isletmeleri: Turkey's largest integrated denim and cotton fabric manufacturer with similar vertically integrated yarn-to-fabric model. A regional peer competing for the same European brand customers with comparable scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/weiqiao-textile-co-ltd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Weiqiao Textile