From January to October 2024, China's textile and apparel industry achieved double-digit growth in both revenue and profit.
On November 27, data released by the National Bureau of Statistics showed that from January to October, the total operating revenue of large-scale industrial enterprises nationwide reached 110.96 trillion yuan, a year-on-year increase of 1.9%. Among them, the textile industry achieved an operating revenue of 1.94459 trillion yuan, a year-on-year increase of 4%; the textile, apparel and garment industry achieved an operating revenue of 1.01619 trillion yuan, a year-on-year increase of 2.1%; the leather, fur, feather and their products and footwear industry achieved an operating revenue of 0.69519 trillion yuan, a year-on-year increase of 4.6%; and the chemical fiber manufacturing industry achieved an operating revenue of 0.95363 trillion yuan, a year-on-year increase of 7.1%.
From January to October, the total profit of large-scale industrial enterprises nationwide reached 5.86804 trillion yuan, a year-on-year decrease of 4.3%. Among them, the textile industry achieved a total profit of 58.06 billion yuan, a year-on-year increase of 5.3%; the textile, apparel and garment industry achieved a total profit of 46.08 billion yuan, a year-on-year increase of 3.2%; the leather, fur, feather and their products and footwear industry achieved a total profit of 36.23 billion yuan, a year-on-year increase of 4.5%; and the chemical fiber manufacturing industry achieved a total profit of 21.64 billion yuan, a year-on-year increase of 38.3%.
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
Tel：86037165836206
Email：tongzhou@tongzhoucotton.com
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