Yarn output of large-scale textile enterprises in January-October 2024 decreased year-on-year
The Ministry of Industry and Information Technology's website released the operating conditions of the textile industry from January to October 2024, showing overall stable growth in production and continuous improvement in efficiency. From January to October, the added value of industrial enterprises above designated size grew by 4.4% year-on-year, with operating revenue reaching 4012.11 billion yuan, a year-on-year increase of 4.4%; total profit reached 133.14 billion yuan, a year-on-year increase of 9.7%. Yarn production by textile enterprises above designated size decreased by 0.9% year-on-year, while the production of fabrics, clothing, and chemical fibers increased by 2.0%, 4.4%, and 9.1% respectively year-on-year.
The consumer market continues to heat up, with good growth in commodity retail sales. From January to October, the total retail sales of consumer goods in units above the designated size nationwide reached 15513.1 billion yuan, a year-on-year increase of 2.7%. Among them, the retail sales of clothing, shoes, hats, and textiles in units above the designated size increased by 1.1% year-on-year, and the retail sales of online clothing and apparel commodities increased by 4.7% year-on-year.
The export situation is generally positive, with faster growth than in the first three quarters. From January to October, China's cumulative exports of textile and clothing products reached US$2478.9 billion, a year-on-year increase of 1.5%. In October, textile and clothing exports to the global market reached US$254.8 billion, a year-on-year increase of 11.9%.
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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