Wei Gangmin, Chairman of our company, delivered the annual work report of the Raw Material Industry Chain Branch of China Cotton Association.

Wei Gangmin, Chairman of our company, delivered the annual work report of the Raw Material Industry Chain Branch of China Cotton Association.
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  • Wei Gangmin, Chairman of our company, delivered the annual work report of the Raw Material Industry Chain Branch of China Cotton Association.
On August 16, a joint meeting of the Raw Material Industry Chain Branch and the Information and Statistics Professional Committee of the China Cotton Association was successfully held in Urumqi, Xinjiang. Mr. Wei Gangmin, Chairman of our company and Vice President of the China Cotton Textile Industry Association, and President of the Raw Material Industry Chain Branch of the China Cotton Association, delivered the branch's annual work report.
President Wei summarized the branch's key work over the past year and put forward the work plan for the coming period. He stated that since the beginning of this year, cotton prices have continued to rise, deviating from the basic supply and demand fundamentals, under the influence of factors such as optimistic expectations for domestic consumption recovery after the epidemic, a decrease in the planting area for the new year, and market speculation. The soaring cotton prices are difficult to pass on to downstream industries, cotton textile enterprises are cautious in purchasing cotton, the pressure on production and operation is increasing sharply, and the loss rate is expanding. Faced with the severe situation in the industry chain, the Raw Material Industry Chain Branch has repeatedly put forward policy adjustment suggestions to relevant national departments regarding raw material security, market operation, and industry development, in order to ensure the stable and healthy development of the industry chain. In the future, under the unified guidance of the China Cotton Textile Industry Association, the branch will continue to strive to complete various tasks assigned by the superior authorities and actively provide industry consultation and services for cotton textile enterprises.

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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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