Manufacturer VerifiedChina
Binzhou Yaguang Home Textile Co., Ltd. - Lofte
Lofte
Binzhou Yaguang Home Textile Co., Ltd. is a leading vertically integrated manufacturer and brand operator of towels and bath textiles in China and globally. As a core subsidiary of the A-share listed Fuanna Group, it positions itself as a key supplier to global retail brands and hotel chains, while successfully operating its own brand “Loftex” in international markets. Its business is deeply focused on towels, bathrobes, and hotel linens, operating the world's largest integrated production complex in Binzhou, Shandong, which covers the entire supply chain from spinning to finished products. With an annual production capacity of hundreds of millions of towels and products sold in over 80 countries, it is a crucial partner for international giants like Costco and Target. As an industry leader with annual revenue in the multi-billion RMB range, Yaguang Home Textile is committed to promoting the premiumization of the “Loftex” brand and the globalization of its supply chain, striving to evolve from an excellent manufacturer into a globally leading brand.
Strengths: Yaguang Home Textile's core strengths are its globally leading scale of vertical integration and superior craftsmanship in the towel segment, creating formidable barriers in cost and quality; concurrently, its successful establishment and operation of the internationally recognized own brand “Loftex” enable a dual-drive business model of “powerful manufacturing” and “independent branding,” resulting in a more resilient and growth-potential business model.
Weaknesses: Yaguang Home Textile's main weaknesses are its performance's high sensitivity to fluctuations in raw material prices (e.g., cotton) and global consumer demand, making profit stability vulnerable to external shocks; furthermore, as an export-oriented enterprise, its transition from a manufacturing giant to a mature brand operator faces multiple challenges in culture, investment, and market competition, making the brand-building journey long and arduous.Read MoreShow Less
Strengths: Yaguang Home Textile's core strengths are its globally leading scale of vertical integration and superior craftsmanship in the towel segment, creating formidable barriers in cost and quality; concurrently, its successful establishment and operation of the internationally recognized own brand “Loftex” enable a dual-drive business model of “powerful manufacturing” and “independent branding,” resulting in a more resilient and growth-potential business model.
Weaknesses: Yaguang Home Textile's main weaknesses are its performance's high sensitivity to fluctuations in raw material prices (e.g., cotton) and global consumer demand, making profit stability vulnerable to external shocks; furthermore, as an export-oriented enterprise, its transition from a manufacturing giant to a mature brand operator faces multiple challenges in culture, investment, and market competition, making the brand-building journey long and arduous.
ChinaFounded 19938K+ / 100
Listed onSZSE002083
Listed market data
002083 · SZSE · weeklyHistory →- Market cap
- $1.2 B
- Share price
- CNY 8.64
- 1Y change
- +43.6%
- Recent change
- +0.5%
- Since first close
- +77.4%
11-02 → 11-03
from 2025-09
· updated 2026-11-03
Financial history
Full market historyMonthCloseMarket capChange
- 2026-11CNY 8.64$1.2 B+4.2%
- 2026-10CNY 8.29$1.2 B-13.6%
- 2026-09CNY 9.60$1.4 B-8.5%
- 2026-08CNY 10.49$1.5 B-5.5%
- 2026-07CNY 11.10$1.6 B+5.8%
- 2026-06CNY 10.49$1.5 B+4.6%
- 2026-05CNY 10.03$1.4 B-11.2%
- 2026-04CNY 11.30$1.6 B-4.0%
- 2026-03CNY 11.77$1.7 B+0.9%
- 2026-02CNY 11.66$1.7 B+2.6%
- 2026-01CNY 11.37$1.6 B-4.5%
- 2025-12CNY 11.90$1.7 B—
Monthly closes · 2025-12 – 2026-11 · Full market history
Ownership & Control
Latest available filings- Controlling entity
- Publicly held — no controlling shareholder disclosed
- Company type
- Manufacturer
- Insiders
- —
- Institutions
- —
- Free float
- —
Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.
80% self-production + proprietary brand + OEM/ODM manufacturing
Binzhou Yaguang Home Textile Co., Ltd. is a globally dominant manufacturer specializing exclusively in towel products and related home textiles. Operating under dual brand names — Yaguang Home Textile for the domestic market and Loftex for international markets — the company maintains a fully vertically integrated production model controlling the entire supply chain from yarn spinning and weaving through dyeing, printing, sewing, and finishing.
Bathroom Textiles
The company's core business segment is bathroom textiles, contributing 85%+ of total revenue. Its product range includes:
• High-end bath towels ranging from 600-1,200 GSM
• Untwisted yarn bathrobes made from RWS-certified cotton
• Microfiber functional anti-slip mats certified under ASTM D4157 U.S. standard Hotel Linen Supply Binzhou Yaguang supplies premium hotel linen, including 800 GSM long-staple cotton bath towels, to luxury hotel chains such as The Ritz-Carlton and Four Seasons, demonstrating premium quality standards for the hospitality sector. Production Capabilities Operating under an 80% self-production model with proprietary brand and OEM/ODM manufacturing capabilities, the company maintains complete vertical integration from raw materials through finished products. With approximately 8,000 employees and annual production capacity exceeding 50,000 tons of towel products, it ranks among the world's largest and most comprehensive towel manufacturing complexes. Global Market Position Binzhou Yaguang serves as the "invisible champion" of the global towel manufacturing industry, maintaining long-term supply relationships with major international first-tier brands and retail giants worldwide. The Loftex brand has successfully entered international mainstream markets, representing one of the few Chinese home textile brands to achieve global recognition. The company holds a VerityRank Score of 81/100, reflecting exceptional B2B industry reputation as a global towel industry leader.
• High-end bath towels ranging from 600-1,200 GSM
• Untwisted yarn bathrobes made from RWS-certified cotton
• Microfiber functional anti-slip mats certified under ASTM D4157 U.S. standard Hotel Linen Supply Binzhou Yaguang supplies premium hotel linen, including 800 GSM long-staple cotton bath towels, to luxury hotel chains such as The Ritz-Carlton and Four Seasons, demonstrating premium quality standards for the hospitality sector. Production Capabilities Operating under an 80% self-production model with proprietary brand and OEM/ODM manufacturing capabilities, the company maintains complete vertical integration from raw materials through finished products. With approximately 8,000 employees and annual production capacity exceeding 50,000 tons of towel products, it ranks among the world's largest and most comprehensive towel manufacturing complexes. Global Market Position Binzhou Yaguang serves as the "invisible champion" of the global towel manufacturing industry, maintaining long-term supply relationships with major international first-tier brands and retail giants worldwide. The Loftex brand has successfully entered international mainstream markets, representing one of the few Chinese home textile brands to achieve global recognition. The company holds a VerityRank Score of 81/100, reflecting exceptional B2B industry reputation as a global towel industry leader.
Quick Facts
Headquarters
Binzhou, Shandong, China
Founded
1993
Employees
8K+
Market cap
$1.2 B
Presence
80+ Countries
Listing
Publicly Listed
Categories
10 categories · scroll for more
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Data Sources & Methodology
This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.
VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.
Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.
Key references: SZSE : 002083