Dyeing and printing cloth production decreased by 15.9% year-on-year from January to April.
From January to April 2020, the output of dyed and printed fabrics by large-scale dyeing enterprises reached 13.3 billion meters, a year-on-year decrease of 15.9%; the main business income was 69.2 billion yuan, a year-on-year decrease of 20.2%; the total profit was 2.1 billion yuan, a year-on-year decrease of 33.5%; the sales profit margin was 3.1%, 0.6 percentage points lower than the same period last year; the main business cost was 60.9 billion yuan (accounting for 88% of the main business income), a year-on-year decrease of 19.9%; the three expenses ratio was 7.57%, 0.5 percentage points higher than the same period last year, of which the three expenses ratio for cotton dyeing enterprises was 7.2% and that for chemical fiber dyeing enterprises was 10.4%; the cost and expense profit margin was 3.2%, 0.7 percentage points lower than the same period last year; the finished product turnover rate was 4.9 times/year, a year-on-year decrease of 31.7%; the accounts receivable turnover rate was 2.5 times/year, a year-on-year decrease of 23.6%; and the total asset turnover rate was 0.3 times/year, a year-on-year decrease of 22.5%.
Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.
Tongzhou Cotton Market Brief, Week 1 of March 2025
1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.
In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.
On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.
Henan Tongzhou Cotton Industry Co., Ltd.
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Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
Tel：86037165836206
Email：tongzhou@tongzhoucotton.com
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