Brief Report on the Economic Operation of China's Clothing Industry from January to May

In May, the domestic market gradually warmed up, online sales continued to improve, and clothing domestic sales improved significantly; however, the overseas epidemic is difficult to control in the short term, the world's economy and trade have severely shrunk, and the downward trend of clothing exports has further expanded. Under this circumstance, China's clothing industry's main operating indicators such as production, investment, and efficiency have recovered somewhat compared with the previous period, but they still show a significant downward trend. The momentum of clothing production recovery has weakened, investment willingness and development confidence are insufficient, industry efficiency has deteriorated significantly, and the overall situation remains severe and complex.
　　Production:
 
　　According to the National Bureau of Statistics, from January to May 2020, the total output of clothing by large-scale enterprises in the clothing industry reached 7.317 billion pieces, a year-on-year decrease of 17.91%, and the decline expanded by 6.55 percentage points compared with the first four months.
 
　　Domestic Sales:
 
　　According to the National Bureau of Statistics, from January to May 2020, the total retail sales of consumer goods in China reached 13.873 trillion yuan, a year-on-year decrease of 13.5%, narrowing by 2.7 percentage points compared to the first four months. Among them, the cumulative retail sales of clothing goods by above-scale units reached 288.7 billion yuan, a year-on-year decrease of 25.6%, narrowing by 5.7 percentage points compared to the first four months.
 
　　According to the National Bureau of Statistics, from January to May 2020, the online retail sales of physical goods reached 3.3739 trillion yuan, a year-on-year increase of 11.5%, and the growth rate increased by 2.9 percentage points compared to the first four months; among them, the online retail sales of clothing goods decreased by 6.8% year-on-year, narrowing by 5.2 percentage points compared to the first four months.
 
　　Export:
 
　　According to the data from the General Administration of Customs of China, from January to May 2020, China's cumulative exports of clothing and clothing accessories reached US$40.263 billion, a year-on-year decrease of 22.68%, and the decline expanded by 0.69 percentage points compared to the first four months.
 
　　Investment:
 
　　According to the National Bureau of Statistics, from January to May 2020, the actual investment in China's clothing industry decreased by 39.2% year-on-year, narrowing by 2.5 percentage points compared to the first four months.
 
　　Efficiency:
 
　　According to the National Bureau of Statistics, from January to May 2020, there were 13,119 large-scale enterprises (with annual main business income of 20 million yuan or more) in the clothing industry. The cumulative operating income reached 464.705 billion yuan, a year-on-year decrease of 16.89%, narrowing by 1.58 percentage points compared to the first four months; the total profit reached 18.047 billion yuan, a year-on-year decrease of 29.16%, narrowing by 5.61 percentage points compared to the first four months; the profit margin of operating income was only 3.88%, a decrease of 0.67 percentage points compared to the same period last year. (Source: China Apparel Association)
 

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Clothing exports continued to decline in the first half of 2020.

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Sun Ruizhe: The Current Status of China's Textile Industry and the Future Development of Industrial and Financial Cooperation

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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