Shandong Weiqiao Pioneering Group Co ., Ltd is located at the southern end of Lubei plain, closely adjoining Jiaozhou-Jinan Railway and Jinan-Qingdao Expressway . With the total capital fund of CNY 38 billion , the AAA credit class of bank , the AA credit class of customs and the A paying tax class , the group is one super is one group super grand multiple –producing factory combining spinning , weaving , weaving , dyeing-finishing , apparel , home-textile ,thermoelectricity and aluminum industry . With its first-class tech-equipment, productive capacity and the economic benefit , it ranks the first place in the same trade of China for 9 years in succession . It is the most competitive amongst the national cotton –chemical textile meatpacking industry and the universally biggest cotton –textile factory .And in 2006, it rank 81st among the “China Top 500 Industry Enterprise ”.34th of the “China Manufacturing Enterprise”, and 91st of “China Impex Enterprise” and 9th of “China Top 500 of competition ”. In January 2007 to November, the company realized a sales revenue as high as 6045942.2 Million CNY, an 33.78-percent increase over that in the same period last year; Total profits and taxes 734503.1 Million CNY, an 36.32-percent increase over that in the same period last year; Profits of 519039.6 Million CNY, a 68.58-percent increase over that in the same period last year; and the total amount of foreign currency earned through exportation reaching 95423.0 Million USD,a 20.15-percent increase over that in the same period last year.

Weiqiao Pioneering Group Co., Ltd is built from two big holding companies of Weiqiao Textile Co., Ltd and Weiqiao Aluninum and Power Co., Ltd. It has developed into such an industrial structure of “based on cotton textiles, associated with thermoelectricity, complemented by each other between thermoelectricity, aluminum and textiles”.

In 1999 Weiqiao Pioneering Group has been appraised as The Advanced Unit in Spiritual Civilization Construction in China. Form 1997 to 2006, it has been appraised as The Advanced Collective in Textile Industry System in China and Supply and Marketing Cooperative System in China .From 1998 to 2006, it has been appraised as The Advanced Production Enterprise in Enterprise-Manger Export in China and The Enterprise Taking the Lead in Economic Efficiency in Cotton Textile Industry in China. Mr .Zhang Shiping, Chairman of the Board ,is Model in Labor in China and Representative in the 9th and 10th National People’ Congress.