The scale of textile production decreased in the first quarter of 2023.

Due to weak overall demand, a high year-on-year base from the same period last year, and the Spring Festival holiday, the production situation in the textile industry in the first quarter of 2023 fluctuated. In the first quarter, the production scale of China's textile industry decreased. According to data from the National Bureau of Statistics, from January to March 2023, the added value of China's textile industry decreased by 3.2% year-on-year, which also reflects the textile industry's failure to fully utilize its production capacity. According to data from the National Bureau of Statistics, from January to March 2023, the capacity utilization rate of China's textile industry was 75.5%, down 2.7 percentage points year-on-year.
 
　　First, weak market demand led to insufficient production momentum. In the first quarter, market demand remained insufficient, with domestic demand recovering and international demand weakening. According to data from the National Bureau of Statistics, from January to March 2023, the retail sales of clothing, shoes, hats, and textiles above designated size in China totaled 370.3 billion yuan, an increase of 9.0% year-on-year, and an increase of 9.9 percentage points compared to the same period last year. However, the international market showed a significant decline. According to the customs express, China's textile and apparel exports totaled US$67.23 billion, down 6.7% year-on-year, and down 17.8 percentage points compared to the same period last year.
 
　　Second, the decrease in investment in the textile industry also reflects that the confidence of enterprises in production still needs further recovery, and its supporting role in improving the quality and scale of supply still needs to be enhanced. According to data from the National Bureau of Statistics, from January to March 2023, the fixed-asset investment in China's textile industry decreased by 4.3% year-on-year.
 
　　Recently, governments and industry associations at all levels have successively launched policies and activities to optimize supply, promote consumption, and create a good consumption environment. Enterprises are actively exploring new markets, developing new products, and launching new designs, which will activate the market, boost consumption, and thus promote the gradual recovery of production scale.

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U.S. retail sales fell in March, and Asian exports declined.

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Cotton fabric exports surged in March 2023

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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