Our CEO, Huang Hongyu, was invited to attend the 2024 Xinjiang Cotton Industry Risk Management Exchange Meeting.
On August 30, an event themed "Stabilizing Enterprises, Ensuring Farmers' Safety, Protecting the Real Economy" - Futures Serving the Cotton Industry was successfully held in Urumqi, Xinjiang. The event was hosted by the Zhengzhou Commodity Exchange and co-organized by Xinjiang Production and Construction Corps Cotton and Flax Co., Ltd. and Huarong Rongda Futures Co., Ltd. Northwest Branch. “Stabilizing Enterprises, Ensuring Farmers' Safety, Protecting the Real Economy”—Futures Serving the Cotton Industry The event was successfully held in Urumqi, Xinjiang. The event aimed to address the challenges faced by the cotton market in 2024, which is expected to continue its weak performance. This is against a backdrop of relatively abundant reserve cotton supplies, increased cotton production in the new year, a year-on-year increase in global cotton production, and weak downstream demand. Through discussions with authoritative experts and leading enterprise representatives within the cotton industry on macroeconomic conditions, industrial options, hedging strategies, analysis of the cotton situation in the new year, and Xinjiang production area output estimates, the event helped cotton-related enterprises improve risk control management and mitigate market risks in their operations and production. Nearly 150 representatives from upstream and downstream enterprises in the Xinjiang cotton industry chain were invited to attend the meeting, The meeting was chaired by Sun Gang, Member of the Party Committee and Deputy General Manager of Xinjiang Production and Construction Corps Cotton and Flax Co., Ltd. In the current complex and ever-changing economic situation and industrial development environment, risk management has become the core competitiveness of enterprise operation. During the roundtable discussion, industry representatives discussed the topic of
In the current complex and changing economic situation and industrial development environment, risk management has become a core aspect of business competitiveness. The roundtable discussion focused on " Opportunities and challenges coexist; difficulties and hopes are intertwined. Focusing on the cotton industry chain, enhancing industry competitiveness. ” " Through exchanges within the industry chain, the wisdom of various parties was gathered, to jointly explore new ideas and strategies for the cotton industry, and to discuss the hot issues, pain points, and difficulties in cotton industry risk management. The roundtable discussion was chaired by Zhao Yinglong, Party Secretary and Chairman of the Xinjiang Production and Construction Corps Cotton and Flax Co., Ltd.
Huang Hongyu, President of Henan Tongzhou Cotton Industry Co., Ltd. shared Tongzhou Cotton's risk management principles based on its long-term operating experience. He stated that trading companies must first find their positioning. Tongzhou Cotton has always adhered to the principle of "retreat to advance, seek progress through stability." First, carefully consider the potential for retreat and set expected stop-loss points. Secondly, avoid pursuing excessive profits. Third, increase investment in market research to guide business decisions. Lastly, in practical operations, adhere to the trading plan. He pointed out that a series of training programs launched by the Zhengzhou Commodity Exchange in recent years has increased risk awareness across the industry, leading to changes in business models. All cotton-related enterprises should actively adapt to this change. He stated that Tongzhou Cotton will launch a co-sharing profit and loss consulting-style in-depth cooperation model. This will be vigorously promoted to Xinjiang cotton-related enterprises this year. At the same time, leveraging Tongzhou Cotton's risk management advantages and client enterprises' advantages in resource production, customized solutions will be provided to achieve mutual benefit and win-win results for both parties. 。
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.
Henan Tongzhou Cotton Industry Co., Ltd.
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Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
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Email：tongzhou@tongzhoucotton.com
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