In accordance to the national economy structure adjustment and industry optimization, Shandong WeiqiaoTextile Group actively grasped the many opportunities-to enlarge its scale, which has enlarged 40 times. Now,it has a general asset of 3 billion RMB, 32 child factories and three joint ventures. It is for instancen enterprise combining cotton,weaving and dyeing.It is also a member of the 136 key enterprises in Shandong and one of the 111 key national enterprises.from Jan to July of 2001 the group's sales income was 2.248 billion RMB, tax and profit was 352 million RMB, the profit was 223 million RMB and the earned foreign exchange was 83.97 million US$.
  -In order to strengthen the comprehensive economy power,the group built up an electrical power plant of three furnaces and three machines in Sep of 1999. This not only realizes the energy's comprehensive utility, improves the surrounding but also makes the cost down and profit higher.With its many years'experience,the group made a development thought: make the market as the guide, the economy profit as the center, cotton weaving as the main industry, dyeing and clothes as the two wings. This thought is of a multi-direction pioneering and intensives operation. Because of its strict management and scientific running, the group maintained a ever lasting predominance and powerful potential.
  Majoring in the production of pure cotton material cloth ,silk, khaki, corduroy,jeans, pure cotton yarn, dyeing cloth and chemical imitation wool,the group has products of nine categories and over 500 models.Its products are sold to most the districts of China and over 20 countries such as Japan, HK,South Korea,the USA and East Asia countries.Its cotton yarn exported takes over 1/2 of Shandong province and the combed yarn takes about 1/6 of national exported amount.
  The group was once awarded as one of the Ten Best Enterprises of China's Commerce Industry.From 1993 to 1998,it was the one of the One Hundred Tax Handier of Shandong's Industry Financial filed. In 1996,it was judged as the Profit Model Earner of Shandong Industry system.From 1996 to 1998,it was ranked as the first in the National commerce industry.In 1997, the group was honored National Model Group. In 1999, it was judged as Model enterprise of inspirits building. President Zhangshiping was honored National Labor model in 1995. In 1997, he was elected as Representative of the 9th National People's Congress.In 1998, he was awarded the special allowance of the State Department.
  In three years, the group will try to make the enterprise into one of 30000 staffs, 6 billion RMB capital, annual tax of 0.8 billion RMB and annual foreign exchange of 0.2 billion US$.The final goal is an enormous company combing weaving,dyeing and clothes.