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


    In April, China's apparel industry continued its steady recovery, with domestic sales and exports showing sustained warming and improvement. Major economic indicators such as production, investment, and profits continued to recover rapidly, and corporate profitability steadily improved. However, overall, in the face of many uncertainties and instabilities, such as global economic recovery, epidemic prevention and control, and increasing cost pressures, the apparel industry needs to focus on deepening supply-side structural reforms, accelerating transformation and upgrading, strengthening the industry's core innovation capabilities, improving the flexibility and resilience of the industrial chain and supply chain, further consolidating the foundation for recovery and improvement, and promoting stable operation of the industry throughout the year.
 
Production:
According to the National Bureau of Statistics, from January to April 2021, the added value of industrial enterprises above designated size in the apparel industry increased by 14.1% year-on-year. Affected by the high base in the same period of the previous year, the growth rate fell by 3.4 percentage points compared with the first quarter; enterprises above designated size completed 7.054 billion pieces of clothing production, up 23.87% year-on-year, and with an average annual growth of 4.8%.
 
Domestic Sales:
 
According to the National Bureau of Statistics, from January to April 2021, the total retail sales of consumer goods in China reached 13.8373 trillion yuan, up 29.6% year-on-year, and with an average annual growth of 4.2%. Among them, the retail sales of clothing commodities by enterprises above designated size totaled 323.8 billion yuan, up 52.6% year-on-year, and with an average annual growth of 2.4%.
 
According to the National Bureau of Statistics, from January to April 2021, the online retail sales of physical goods reached 3.0774 trillion yuan, up 23.1% year-on-year, and with an average annual growth of 15.6%. Among them, the online retail sales of clothing increased by 33.8% year-on-year, and with an average annual growth of 8.5%.
 
Exports:
 
According to China Customs data, from January to April 2021, China's total exports of clothing and clothing accessories reached US$44.415 billion, up 51.7% year-on-year, and with an average annual growth of 8.6%.
 
Investment:
 
According to the National Bureau of Statistics, from January to April 2021, the actual investment in China's apparel industry increased by 10.1% year-on-year, a 51.8 percentage point increase compared with the same period last year, but still 12.8 and 13.7 percentage points lower than the overall level of the textile and manufacturing industries, respectively.
 
Profitability:
 
According to the National Bureau of Statistics, from January to April 2021, there were 12,444 enterprises above designated size (annual main business income of 20 million yuan or more) in the apparel industry, with operating income of 407.792 billion yuan, up 13.41% year-on-year, an increase of 31.88 percentage points compared with the same period last year; total profit of 17.972 billion yuan, up 37.89% year-on-year, an increase of 72.66 percentage points compared with the same period last year; and the operating profit margin was 4.41%, 0.78 percentage points higher than the same period last year.
 
  Note: The average annual growth rate for two years is calculated using the geometric average method based on the first quarter of 2019.

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.


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.


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.


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.