Strong teachers, excellent soldiers, passing on the torch

——Tongzhou Cotton 2021 New Employee Systematic Training in Full Swing

Since Since the Tongzhou training course officially started on April 12, seven weeks of training courses have been organized. Based on the guiding principles of "pragmatism and innovation" and the teaching philosophy of "professionalism, systematization, and comprehensiveness," the company's elite lecturers from various departments have gathered together, providing comprehensive, wide-ranging, and multi-faceted lectures covering cotton, cotton yarn, spot trading, futures trading, industry, and macroeconomics. Trainees have deeply felt the benefits and gained much insight. Through teacher-student interaction and mutual learning, we work together to promote the training work.

[Cotton Section]

No cotton, no Tongzhou. As the starting point of business knowledge training, "Cotton" undoubtedly becomes the opening protagonist.

From April 19 to April 23, Mr. Xiang Jian from the Procurement Company lectured on "Basic Knowledge of Cotton and Acquisition Processing." The classification and uses of cotton lay the foundation for trainees' basic understanding of cotton; the five major cotton-producing areas in China, the characteristics of major foreign cotton, and the main domestic ports help trainees form a macroscopic understanding of the production and demand of domestic and foreign cotton; the detailed explanation of the fine cotton standards for saw-tooth processing further clarifies the quality requirements, grading regulations, inspection methods, inspection rules, inspection certificates, packaging and marking, storage and transportation requirements for fine cotton, guiding trainees to formally enter the "professional" cotton circle.

After establishing the foundation of basic cotton knowledge, cotton acquisition and processing are introduced. Mr. Xiang tries his best to reproduce each step experienced in actual acquisition for everyone: sampling, testing, weighing, stacking /stack supervision and verification, skinning/issuing settlement statements, settlement, etc. To achieve maximum acquisition efficiency, the impact of cotton primary processing and ginning quality on raw cotton quality is also one of the required courses for business personnel. Knowing both the what and the why is what constitutes professionalism.

On April 26, Manager Wang Haojie from the Procurement Company lectured on "Introduction to Futures Warehouse Receipt Business." The lecture was organized according to the business process: futures quality requirements, warehouse receipt forecasting, warehouse receipt inspection or recertification, warehouse receipt generation, related fees, futures market position building/holding, spot-to-futures/warehouse receipt transfer, and warehouse receipt delivery. To deepen the trainees' understanding of the course, Manager Wang discussed sample warehouse receipts with everyone and demonstrated the entire process of calculating premiums and discounts.

Seeing is believing; theory also needs practice. On April 28, all trainees embarked on a field trip. If the National Cotton and Textile Product Quality Supervision and Inspection Center allowed everyone to witness how bales of cotton samples undergo layer-by-layer inspection in a specific standard environment; then, the huge warehouses and 120,000-ton capacity of Yumian Logistics silently told the trainees with a powerful visual impact: "This is cotton."

Tongzhou's journey is not limited to the domestic market; the overseas market also occupies an important position. On May 8, Manager Li Fangfang from the International Business Department lectured on "Basic Knowledge of Imported Cotton." This covered the global cotton supply and demand situation, an understanding of the general situation of major cotton importing and exporting countries, and familiarity with the characteristics of cotton from different cotton-producing countries, introducing the basic knowledge of imported cotton trade. The comprehensive and accurate analysis of the overseas market undoubtedly highlights the professionalism and solidity of Tongzhou's international business.

On May 11, Mr. Feng Yuyong from the Operation Management Department lectured on "Basic Knowledge of Imported Cotton Operation." Following the explanation of the basic knowledge of imported cotton, Mr. Feng explained to the trainees how the business is implemented from an execution perspective. Contract signing is only the starting point; it is not only necessary to overcome numerous obstacles in the business process, but also to be constantly vigilant against potential business risks, always adhering to the risk control principle and preventing problems before they occur.

[Cotton Yarn Section]

Cotton and cotton yarn are always inseparable. Whether it is to understand the downstream industry chain of cotton or to enhance the company's comprehensive strength in multi-variety businesses, "Cotton yarn" is always a required course for trainees.

On May 13, Ms. Shao Qiujuan from the Sales Company lectured on "Basic Knowledge of Cotton Yarn." The quality of various yarns varies, and the difference in quality is directly related to the price. When dealing with yarn, it is necessary to understand the customer's use and quality requirements. Based on the professional knowledge reserve of cotton yarn and proactive control of customer quality requirements, sales can be handled with ease by adopting a professional attitude.

[Futures Section]

The company is like a boat, and spot and futures trading are an indispensable pair of oars in its journey. The spot market lays the foundation, and the futures market reveals the future. The two complement and are inseparable. To become a qualified Tongzhou person, learning and experience in futures knowledge are essential.

On May 18-19, Mr. Wei Bowen from the Investment and Research Department gave the trainees their first futures lesson: "Application of Macroeconomics in Commodities." Macroeconomics can be compared to the same water level, and different commodity varieties are like boats on the water. When the water level changes, every boat will experience fluctuations. The difference is that the size of the displacement causes differences in the degree of impact; conversely, changes in the displacement of the boat can also affect the rise or fall of the water level. The interaction between them is the key to macroeconomic research.

Macroeconomics sets the tone, fundamentals find contradictions, and technical analysis observes market sentiment. On May 20-21, Ms. Liu Peipei from the Pricing and Trading Department lectured on "Cotton Market Research Framework." This included the annual reports of various countries' cotton, group discussions, teacher's explanation of the framework, and student presentations—the entire process fully embodies the teaching philosophy of teamwork and immersive participation, maximizing student participation and deepening their understanding and absorption of the research framework.

"Once you enter the futures market, it's like the ocean; from then on, joy is a stranger." To succeed in the futures market, Mr. Fu told everyone: it depends on knowledge, technology, and even more on determination. On May 24-25, Manager Fu Ru Jian from the Pricing and Trading Department lectured on "Basic Knowledge of Futures." From understanding the origin of the futures market and the necessity of its emergence, to summarizing the essence of market development from the characteristics of futures trading, and then to a comprehensive explanation of option tools and basis trading application strategies, this was not only the transmission of knowledge but also a discussion of the understanding of futures: Futures investment is more of an art than a science; it's more about character than trading. Don't just focus on the potential riches, understand that the futures market is a crucible for testing one's character.

Trainee Reflections

"A teacher imparts knowledge, skills, and resolves doubts." The trainees are the best judges of the effectiveness of the course and its benefits.

Li Chenhui from the sales department found the training methods particularly useful. He believes that the training enhanced his understanding of the importance and urgency of learning, strengthening his resolve to seize learning opportunities in the future. He will adopt a student's attitude, learning from seniors, from practical experience, and from excellent competitors to improve himself.

Hao Tianchu from the Investment and R&D department found the combined futures and spot market training very beneficial to his work. He gained a comprehensive and systematic understanding of cotton acquisition, sales, and financial hedging functions. The analysis of macroeconomic factors and the global cotton market helped him better assess the rationality of cotton prices.

As a newcomer to the cotton industry, Xiao Kai from the sales department fully appreciates the company's emphasis on and commitment to cultivating new talent. This includes guidance from experienced company veterans and insights from renowned industry engineers. The training combines theoretical knowledge with practical application, including field trips to the fiber inspection institute and the Henan Cotton Warehouse. For someone just starting in the trading industry, this is invaluable preparation. A period of preparation.

Niu Yujie from the Operations Management Department appreciated not only the thoughtful course design but also the strengthened bonds with colleagues. He learned about the hardships faced by previous generations of Tongzhou employees, from handling cotton business to driving trucks, to building the current company with an annual output of 30 tens of thousands of tons and revenue of 6 hundreds of millions of yuan. This perfectly embodies the company spirit of "opening paths through mountains, building bridges over water, perseverance, and teamwork!"

Trainee feedback is key. Whether it's understanding the company's business model, expanding knowledge, familiarizing oneself with job responsibilities, or fostering a sense of community, the training's value lies in its effectiveness across all these areas. Tongzhou's new employee training program is practical, sincere, direct, and effective; it's grounded, focusing on the needs of new employees, providing detailed answers, and building a solid foundation; it's adaptable, incorporating the company's actual situation and the latest industry trends, promoting mutual learning through interaction.

As the saying goes, "A strong general has no weak soldiers." With such excellent instructors and experienced industry veterans, the trainees are rapidly gaining knowledge and preparing for the future. "The sea is vast, the sky is high, let the fish leap and the birds fly." ” The door to development is open to you. One step of "knowing," one step of "doing," join hands with Tongzhou to embrace a broader future!