Major economic indicators in the apparel industry have marginally improved in the first half of 2020.

In the first half of 2020, faced with the impact of the COVID-19 epidemic and a new development environment, China's apparel industry steadily advanced the resumption of work and production, actively adjusted its development strategy, and accelerated the growth of new formats and models. The industrial supply, market expansion, and industrial chain operation have basically returned to normal. Especially since the second quarter, with the normalization of domestic epidemic prevention and control, and under the conditions of the gradual recovery of the domestic market and the continued decline of the export market, the economic operation of the apparel industry has been pressured to rebound. Although the main operating indicators such as production, investment, and efficiency in the first half of the year are still in the negative growth range, the decline has continued to narrow, and the main economic indicators of the industry's operation have shown marginal improvement.
　　Production:
 
　　According to data from the National Bureau of Statistics, from January to June 2020, the total output of clothing produced by enterprises above designated size in the apparel industry reached 9.602 billion pieces, a year-on-year decrease of 13.69%, with the decline narrowing by 6.6 percentage points compared to the first quarter.
 
Domestic Sales:
 
　　According to data from the National Bureau of Statistics, from January to June 2020, the total retail sales of consumer goods in China reached 17.2256 trillion yuan, a year-on-year decrease of 11.4%, with the decline narrowing by 7.6 percentage points compared to the first quarter. Among them, the retail sales of clothing products by units above designated size totaled 360.9 billion yuan, a year-on-year decrease of 21.8%, with the decline narrowing by 12.5 percentage points compared to the first quarter.
 
　　According to data from the National Bureau of Statistics, from January to June 2020, the online retail sales of physical goods reached 4.3481 trillion yuan, a year-on-year increase of 14.3%, with the growth rate accelerating by 8.4 percentage points compared to the first quarter; among them, the online retail sales of clothing products decreased by 2.9% year-on-year, with the decline narrowing by 12.2 percentage points compared to the first quarter.
 
Exports:
 
　　According to data from the General Administration of Customs of China, from January to June 2020, China's total exports of clothing and clothing accessories reached US$53.644 billion, a year-on-year decrease of 19.42%, with the decline narrowing by 0.76 percentage points compared to the first quarter.
 
Investment:
 
　　According to data from the National Bureau of Statistics, from January to June 2020, the actual investment in China's apparel industry decreased by 37.9% year-on-year, with the decline narrowing by 7.9 percentage points compared to the first quarter.
 
Profitability:
 
　　According to data from the National Bureau of Statistics, from January to June 2020, there were 13,145 enterprises above designated size (with annual main business income of 20 million yuan or more) in the apparel industry. Their total operating revenue reached 577.634 billion yuan, a year-on-year decrease of 16.39%, with the decline narrowing by 7.07 percentage points compared to the first quarter; total profit reached 23.532 billion yuan, a year-on-year decrease of 27.34%, with the decline narrowing by 16.16 percentage points compared to the first quarter; the operating profit margin was 4.07%, down 0.62 percentage points from the same period last year.

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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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