Brief Report on the Economic Operation of China's Apparel Industry from January to September 2020

Since 2020, with the effective domestic epidemic prevention and control and the resumption of international market demand, the demand for China's clothing market has significantly improved, the production situation has been stable, the industrial cycle has been continuously improving, corporate profits have gradually increased, and the industry operation has shown a sustained recovery trend. However, the cumulative growth rate of major economic indicators such as current industry production, investment, and profits has not yet turned positive, and the entire industry's enterprises are still in a complex environment with multiple superimposed uncertainties such as rising costs, the second outbreak of the COVID-19 epidemic in European and American countries, and geopolitical factors. In the face of new situations and challenges, the industry needs to persist in promoting innovation and transformation and upgrading, actively exerting efforts in deepening brand building, rapid supply chain integration, and embracing digital transformation, and continuously consolidating the positive development momentum of the industry's economic recovery.
　　Production:
　　According to the National Bureau of Statistics, from January to September 2020, the total output of clothing produced by enterprises above designated size in the clothing industry reached 15.705 billion pieces, a year-on-year decrease of 10.53%, with the decline narrowing by 1.42 percentage points compared to the previous month.
　　Domestic Sales:
　　According to the National Bureau of Statistics, from January to September 2020, the total retail sales of consumer goods in China reached 27.3324 trillion yuan, a year-on-year decrease of 7.2%, with the decline narrowing by 1.4 percentage points compared to the previous month. Among them, the cumulative retail sales of clothing products by units above designated size reached 567.9 billion yuan, a year-on-year decrease of 14.2%, with the decline narrowing by 2.7 percentage points compared to the previous month.
　　According to the National Bureau of Statistics, from January to September 2020, the online retail sales of physical goods reached 6.6477 trillion yuan, a year-on-year increase of 15.3%; among them, the year-on-year growth rate of online retail sales of clothing was 3.3%, an increase of 2.2 percentage points compared to the previous month.
　　Export:
　　According to data from the China Customs, from January to September 2020, China's cumulative exports of clothing and clothing accessories reached US$97.834 billion, a year-on-year decrease of 10.3%, with the decline narrowing by 2.6 percentage points compared to the previous month.
　　Investment:
　　According to the National Bureau of Statistics, from January to September 2020, the actual investment completed by China's clothing industry decreased by 32.7% year-on-year, with the decline narrowing by 1.5 percentage points compared to the previous month.
　　Profit:
　　According to the National Bureau of Statistics, from January to September 2020, there were 13,187 enterprises above designated size (with annual main business income of 20 million yuan or more) in the clothing industry, with a cumulative operating income of 948.149 billion yuan, a year-on-year decrease of 13.46%, with the decline narrowing by 0.90 percentage points compared to the previous month; the total profit was 41.687 billion yuan, a year-on-year decrease of 22.93%, with the decline narrowing by 2.70 percentage points compared to the previous month; the operating profit margin was 4.40%, a decrease of 0.54 percentage points compared to the same period last year.

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From January to November 2020, the total export value of home textile products in China decreased by 5.88% year-on-year.

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Analysis of the operation of the textile and apparel professional market from January to September 2020

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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