The 11th Winter Games and "Tongzhou Cup" Table Tennis and Badminton Tournament were successfully held.
On December 29th, Tongzhou Cotton Group's 11th Winter Games and the "Tongzhou Cup" Table Tennis and Badminton Tournament were successfully held at the Qianyu Minshi Hall in Zhengzhou. Wang Tao, director of the President's Office, read out the competition rules and procedures. Li Kangkang, representing the athletes, and Ma Shengmin, representing the referees, took oaths on behalf of all athletes and referees, respectively. Subsequently, competitions such as tug-of-war, "Da Lang Tao Sha" (a game name), "Huo Lun Gun Gun" (a game name), badminton, and table tennis proceeded in an orderly manner. Finally, Zhu Yaoqin, the general manager of the finance department, announced the winners of each event, and Vice President Zhao Hongmin delivered a summary speech.
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 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.
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.