Leaders from Shanghai Pudong Development Bank visited Tongzhou Cotton for research and guidance
On September 6th, Yan Ruqin, Deputy Head of the Henan Branch of Shanghai Pudong Development Bank, and his team visited Tongzhou Cotton for research and guidance. Mr. Wei Gangmin, Chairman of the Board of Directors; Zhu Yaoqin, Assistant President and General Manager of the Finance Department; and Yan Hui, Deputy General Manager of the Finance Department, and other leaders met with them and participated in a symposium.
Chairman Wei first extended a warm welcome to the guests and expressed his sincere gratitude for the strong support that the Pudong Development Bank team has given Tongzhou Cotton over the years. He then highlighted Tongzhou Cotton’s business philosophy, business segments, development strategy, and business model, stating that the two sides have a solid foundation for cooperation. This meeting not only deepened mutual understanding and trust but also demonstrates the Pudong Development Bank leadership's high recognition of Tongzhou Group's comprehensive competitiveness.
With the auspicious purple air rising over the Huangpu River, Tongzhou Cotton and Pudong Development Bank will continue to maintain a close banking-enterprise cooperative relationship, upholding the principles of mutual benefit and friendly consultation, further exploring various cooperation models, continuously expanding the space for strategic cooperation, and striving to achieve common development and mutual success!
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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