General Situation of China Textile of China Textile Group Company

The predecessor of China China Textile Group Company is China Textile Import and Export Corporation. Founded in 195 1, with a registered capital of 422 million yuan, it is a large enterprise group under the State-owned Assets Supervision and Administration Commission of the State Council with more than 3,000 employees.

The main business of the group is located in two major areas: textiles and oils. The group has more than 30 trading subsidiaries, overseas enterprises and more than 40 various production enterprises, engaged in textile raw materials, textile trade and production, oil trade and industry and other business activities. The group has cotton fields, cotton mills, knitted and woven clothing and grain and oil production bases distributed at home and abroad. It is the largest cotton trader, soybean trader, acrylic importer and wool trader in China, one of the founders of China cotton trading market, an important buyer of Australian wool auction market, and one of the largest garment exporters in China, ranking among the top textile enterprises in China. Meanwhile, the oil business of China Textile Group made China Textile Group the third largest oil producer in China in 2009.

The aim of the group is to occupy a leading position in bulk raw materials, textile and garment products, upstream and downstream industries, and commit to transnational operation (global scope); Innovation is the goal of continuous innovation and the pursuit of Excellence; Customer-oriented, develop high value-added products, provide value-added services in an all-round way, and pursue the improvement of the overall value (service) of enterprises; Promote the rapid growth of enterprises through continuous learning and realize continuing education); Personal values of employees; Become a wise enterprise.