Starting from 1988, according to the requirements of "the State Council's Opinions on Deepening the Reform of Foreign Trade System", the Group has changed from a foreign trade industry management institution to a business-oriented, multi-functional, comprehensive and international foreign trade enterprise. With rich experience in the field of textile export and accumulated domestic and foreign channels for many years, the Group actively innovates and dares to compete. Based on the original trade capacity, it faces the domestic and foreign markets, extends upstream and downstream along the main business and interacts with industrial investment. On the basis of consolidating textile trade and management strength, we will actively expand the trade of bulk agricultural products and enter related processing fields.
200 1 China Textile has taken a substantial step in strengthening reform and adjustment, and formulated a strategic plan for the next five years. The plan aims at cultivating and forming new core competitiveness, establishes the strategic business combination of the group, and defines the development focus and core competence of the group.
Through the implementation of the first strategic plan from 2002 to 2006, the business scale of the Group has increased substantially, quadrupling in five years, with the main business accounting for more than 95%, and the position of core business is very clear and prominent. The profitability of the Group has been continuously enhanced, with the sales profit of the main business more than doubled and the net profit more than sixfold. The return on net assets has increased by 13 times, and the number of employees has increased to tens of thousands. At the same time, the Group has adjusted its organizational structure, implemented a new human resource management system and implemented total performance management, which has brought the management and control level to a new level.
In 2007, the Group launched the second medium-and long-term development strategic plan, which clarified the strategic positioning of becoming an international enterprise group company with unique competitive advantages in the upstream and downstream of the bulk raw material supply chain and value-added service capabilities in the field of textile and garment production and trade.
China Textile has formed two relatively stable main business segments: textile and oil business segment. Among them, the textile business sector includes cotton business, cotton spinning business, wool/chemical fiber business and textile and clothing business, and the oil business sector includes the import, domestic purchase and sale, processing, warehousing and logistics of related petroleum commodities such as soybeans, rapeseed and corn, as well as the import and processing of oil products. As a new business segment of the Group, the oil business is growing rapidly, occupying a leading position in the bulk grain and oil market in China, and the Group has become the largest oil trader and soybean crusher in China. In 2008, the group soybean accounted for 65,438+00% of the national import, ranking first in the national soybean import trade.