China Clothing Industry Operation Brief, January-December 2020

In 2020, faced with a severe and complex domestic and international environment, especially under the impact of the COVID-19 epidemic, which led to a sudden increase in the pressure on production and operation and an increase in uncertainties, China's clothing enterprises responded quickly, steadily promoted the resumption of work and production, and actively explored new formats and models. The entire industry basically maintained a stable and recovering development trend, and the operating and profit conditions of enterprises gradually improved. However, due to the continued spread of the global epidemic and the emergence of sporadic cases and even local clustered epidemics in China, the stable development of China's clothing industry still faces enormous pressure. In this new development period, the industry's full recovery still needs to continue to deepen the supply-side structural reform, especially paying attention to the widespread application and deep integration of new technologies to further promote the transformation and upgrading and innovative development of industry enterprises, and strive to create a new situation of high-quality development.
　　Production:
　　According to data from the National Bureau of Statistics, from January to December 2020, the total output of clothing from large-scale enterprises in the clothing industry reached 22.373 billion pieces, a year-on-year decrease of 7.65%, with the decline narrowing by 12.64 percentage points compared to the first quarter.
　　Domestic Sales:
　　According to data from the National Bureau of Statistics, from January to December 2020, the total retail sales of consumer goods in China reached 39.1981 trillion yuan, a year-on-year decrease of 3.9%, with the decline narrowing by 15.1 percentage points compared to the first quarter. Among them, the retail sales of clothing products from above-limit units totaled 882.4 billion yuan, a year-on-year decrease of 8.1%, with the decline narrowing by 26.2 percentage points compared to the first quarter.
　　According to data from the National Bureau of Statistics, from January to December 2020, the online retail sales of physical goods reached 9.759 trillion yuan, a year-on-year increase of 14.8%, with the growth rate increasing by 8.9 percentage points compared to the first quarter. Among them, the online retail sales of clothing products increased by 5.8% year-on-year, with the growth rate increasing by 20.9 percentage points compared to the first quarter.
　　Export:
　　According to data from the China Customs Express, from January to December 2020, China's total exports of clothing and clothing accessories reached US$137.382 billion, a year-on-year decrease of 6.4%, with the decline narrowing by 14.2 percentage points compared to the first quarter.
　　Investment:
　　According to data from the National Bureau of Statistics, from January to December 2020, the actual investment in China's clothing industry decreased by 31.9% year-on-year, with the decline narrowing by 13.9 percentage points compared to the first quarter.
　　Profit:
　　According to data from the National Bureau of Statistics, from January to December 2020, there were 13,300 large-scale enterprises (with annual main business income of 20 million yuan or more) in the clothing industry, with a total operating income of 1.369726 trillion yuan, a year-on-year decrease of 11.34%, with the decline narrowing by 12.12 percentage points compared to the first quarter; the total profit was 64.044 billion yuan, a year-on-year decrease of 21.30%, with the decline narrowing by 22.20 percentage points compared to the first quarter; the operating profit margin was 4.68%, a decrease of 0.59 percentage points compared to the same period last year, but an increase of 1.53 percentage points compared to the first quarter.

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In April, China's apparel industry continued to perform well economically.

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In 2020, the output of large-scale printing and dyeing enterprises in China decreased by 3.7% year-on-year.

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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