Clothing production in January-May 2024 decreased year-on-year

According to the National Bureau of Statistics, from January to May 2024, the added value of industrial enterprises above designated size in China's clothing industry decreased by 0.5% year-on-year, with the decline widening by 0.1 percentage points compared to the January-April period. The output of clothing from enterprises above designated size reached 8.15 billion pieces, down 3.18% year-on-year, with the growth rate falling by 5 percentage points compared to the January-April period.
According to the National Bureau of Statistics, from January to May 2024, China's total retail sales of consumer goods reached 19,523.69 billion yuan, up 4.1% year-on-year, remaining flat compared to the January-April period. Among them, the cumulative retail sales of clothing from above-limit units reached 4,278.0 billion yuan, up 1.4% year-on-year, with the growth rate accelerating by 0.4 percentage points compared to the January-April period. In May, the year-on-year growth rate of retail sales of clothing from above-limit units was 3.2%, increasing by 6.2 percentage points compared to April.
According to the National Bureau of Statistics, from January to May 2024, the online retail sales of physical goods reached 4,828.04 billion yuan, up 11.5% year-on-year. Among them, the online retail sales of clothing increased by 9.0% year-on-year, with the growth rate slowing down by 1.5 percentage points compared to the January-April period.
According to data from China Customs, from January to May 2024, China's cumulative exports of clothing and clothing accessories reached US$58.72 billion, up 0.2% year-on-year, with the growth rate accelerating by 0.2 percentage points compared to the January-April period. In May, clothing exports amounted to US$13.25 billion, up 1.6% year-on-year, with the growth rate increasing by 5.5 percentage points compared to April; the export volume reached 2.95 billion pieces, up 12.6% year-on-year and 17.5% month-on-month.
According to the National Bureau of Statistics, from January to May 2024, the actual investment in China's clothing industry increased by 14.8% year-on-year, with the growth rate increasing by 19 percentage points compared to the same period in 2023.
According to the National Bureau of Statistics, from January to May 2024, there were 13,626 enterprises above designated size (with annual main business income of 20 million yuan or more) in China's clothing industry, achieving an operating income of 461.223 billion yuan, up 0.58% year-on-year, with the growth rate accelerating by 0.21 percentage points compared to the January-April period; the total profit reached 17.561 billion yuan, up 1.75% year-on-year, with the growth rate slowing down by 5.58 percentage points compared to the January-April period; the operating profit margin was 3.81%, 0.03 percentage points higher than the same period in 2023, and 0.02 percentage points higher than in the January-April period.

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The export volume of four major categories of goods increased from January to May 2024.

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Year-on-year growth of home textile domestic sales from January to May 2024

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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