In 2022, both the production and export of garments in Guangdong Province decreased.

Production
 
In 2022, the scale-above enterprises in Guangdong's garment industry cumulatively completed a garment output of 3.52 billion pieces, accounting for 15.14% of the national total, a year-on-year decrease of 13.8%; the cumulative industrial sales output value reached 251.169 billion yuan, a decrease of 13.2% year-on-year; and the industrial added value reached 62.174 billion yuan, a decrease of 11.4% year-on-year.
 
Export
In 2022, Guangdong Province exported US$29.01 billion worth of garments and clothing accessories, a year-on-year decrease of 7.4%, accounting for 16.5% of the national total garment exports, a decrease of 1.9 percentage points compared to 2021, ranking second nationally.
 
Profit
 
In 2022, the total assets of scale-above garment and apparel enterprises in Guangdong reached 177.758 billion yuan, a decrease of 5.7% year-on-year; the total liabilities reached 86.615 billion yuan, a decrease of 7.0% year-on-year; the main business income reached 245.866 billion yuan, a decrease of 12.3% year-on-year; the main business cost reached 202.48 billion yuan, a decrease of 11.6% year-on-year; the total profit reached 8.069 billion yuan, a decrease of 36% year-on-year; and the average number of employees was 452,500, a decrease of 9.2% year-on-year.

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In 2022, both the volume and price of China's home textile exports fell.

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International Textile Manufacturers Federation: Business expectations for the next six months have risen significantly.

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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