Summary of the 2022 third-quarter reports of listed companies in the branded apparel industry

Brand Apparel: Moderate Improvement in Q3 Performance, Challenges Remain in Q4
　Q3 Summary: With the lifting of Shanghai's lockdown in June, brand apparel revenue showed moderate improvement in Q3. Momentum was positive in July and August, but September saw another setback. Overall, Q3 still saw a slight decline, with a relatively larger drop in net profit.
　　Industry Outlook: As of the end of Q3, brand inventories remain high. The intensified nationwide lockdowns in October have increased the operating pressure on brands. The recovery of brand apparel performance depends on the evolution of the epidemic and prevention and control policies.
　　Textile Manufacturing: Slower Growth in Q3 Performance, Focus on Demand Turning Point
　　Q3 Summary: Under the environment of weakening external demand and repeated domestic epidemics, the revenue growth rate of most textile enterprises slowed down. Some enterprises benefited from the increase in gross profit margin and exchange gains due to the depreciation of the RMB exchange rate, maintaining high growth. However, overall, there is some performance pressure.
　　 Export Outlook Pressure is becoming apparent. Later, as overseas economies gradually recover and brand inventories return to normal, the growth rate of textile orders is expected to bottom out and rebound. During this process, manufacturing leaders with excellent comprehensive competitiveness and strong customer stickiness are expected to maintain relatively stable performance. In addition, against the backdrop of the expected energy crisis and cold winter in Europe, the demand for thermal products will increase significantly, benefiting relevant domestic export enterprises.
　　 Domestic Sales Outlook Domestic downstream demand fluctuates due to repeated epidemics, but under the background of the rise of a major country, enterprises with clear long-term benefits are expected to achieve performance growth ahead of the industry.

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Analysis of China's Household Textile Exports from January to September 2022

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Brief Analysis of the Economic Operation of the Printing and Dyeing Industry from January to September 2022

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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