Our company president, Huang Hongyu, delivered a keynote speech at the Henan Provincial Cotton Textile Entrepreneurs Risk Management Seminar.

Our company president, Huang Hongyu, delivered a keynote speech at the Henan Provincial Cotton Textile Entrepreneurs Risk Management Seminar.
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  • Our company president, Huang Hongyu, delivered a keynote speech at the Henan Provincial Cotton Textile Entrepreneurs Risk Management Seminar.
On July 3rd, the Cotton Yarn Futures Industry Base event -- "Henan Cotton Textile Entrepreneurs' Risk Management Seminar" -- was successfully held in Zhengzhou, Henan. This event was hosted by WeiShi Textile Co., Ltd., co-organized by Henan Textile Industry Association, Henan Tongzhou Cotton Industry Co., Ltd., and Haitong Futures Co., Ltd., with special support from Zhengzhou Commodity Exchange. Over 80 industry elites attended, including our chairman, Wei Gangmin; president, Huang Hongyu; WeiShi Textile chairman, Li Youyin; Huarui Information Industry supervisor, Zheng Shengwei; Zhejiang Shuangkeda Textile Futures supervisor, Hong Yang; and representatives from textile companies, cotton yarn futures delivery warehouses, traders, and private equity institutions from across the country. Our vice president, Li Tao, presided over the meeting.
First, Huarui Information Industry supervisor Zheng Shengwei delivered a special report titled "Analysis of Textile Production and Sales Trends under the Impact of the Epidemic." Using a large amount of detailed data, Mr. Zheng illustrated the significant changes in the terminal consumer market for clothing and other products since the outbreak of the COVID-19 pandemic. He objectively analyzed the current supply and demand situation at various stages of the textile industry chain and logically inferred the opportunities and key points to grasp in the cotton and cotton yarn market during the later stages of the epidemic.
Next, our president, Huang Hongyu, gave a keynote speech titled "Discussion on Risk Management Strategies for Cotton Textile Enterprises." Combining years of accumulated practical management experience, Ms. Huang comprehensively expounded on the risks faced by enterprises and their causes. She systematically analyzed the practical necessity of cotton textile enterprises using cotton and cotton yarn futures for hedging, and detailed various risk control strategies under different "worries" in the purchase and sale of cotton and cotton yarn. She also provided a series of feasible operational suggestions on how enterprises can avoid hedging risks, combining them with practical cases.
Following this, WeiShi Textile chairman Li Youyin and Zhejiang Shuangkeda Textile Futures supervisor Hong Yang respectively shared their experiences in cotton yarn futures hedging and cotton yarn spot-futures arbitrage using numerous cases. They pointed out the gains from their participation in cotton yarn futures and problems encountered in actual operations, and clarified the preparations that textile enterprises must make for participating in cotton yarn futures, including funds, teams, risk control, and market awareness. Then, An Gengxin from the delivery department of Zhengzhou Commodity Exchange gave a detailed explanation of the cotton yarn futures delivery system and precautions, covering aspects such as the cotton yarn benchmark deliverable, benchmark price, delivery method, delivery fees, and delivery warehouse layout.
Finally, the roundtable forum was chaired by WeiShi Textile chairman Li Youyin. Five guests, including our chairman Wei Gangmin, Wugang Yutai chairman He Zengjie, Yian Supply Chain Textile Division chairman Quan Zhengtao, Huarui Information Industry supervisor Zheng Shengwei, and Xiamen Guomao Jinan office head Wang Zhigang, discussed global epidemic development, macroeconomic trends, cotton harvesting, throwing, and storage policies, the situation of the cotton textile industry, and innovations in spot-futures models.
This seminar was the first large-scale offline cotton yarn futures industry base event since the outbreak of the COVID-19 pandemic. Through the firsthand accounts of participants in the cotton yarn futures market, it helped textile enterprises gain a deeper understanding of the service functions of the cotton yarn futures market, more thoroughly explore innovative models combining cotton yarn spot and futures, and deepen their understanding of the path to stable development of the cotton textile industry chain, helping more cotton textile enterprises continuously improve their risk management capabilities and market responsiveness.
 

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General Manager Xu Hui and his team from Qilu Tiandi Supply Chain visited our company for an inspection and exchange.

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

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.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

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.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

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.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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