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D&F Monthly News Oct-Nov
2023.12.04 CFDIACFDIA


On November 27, Bosideng released its financial report for the first half of the 2023/2024 fiscal year.

The financial data shows that in the first six months ending on September 30th, 2023, Bosideng Group's revenue steadily increased by 20.9% to approximately RMB 7.471 billion. The net profit of the group also increased by 25.1% to approximately RMB 918 million. Since the strategic transformation in 2018, the group's revenue and net profit have continuously hit a six-year high for the same period. The operating profit growth rate outpaced the revenue growth rate, with the operating profit margin increasing to 16.5%.

Towards Net Zero: A Study on the Low-Carbon Transition Pathways of Down Apparel Industry

Recently, CFDIA, Bosideng, and SynTao-Sustainability Solutions jointly released the report "Towards Net Zero: A Study on the Low-Carbon Transition Pathways of Down Apparel Industry". The report explores and looks forward to the low-carbon upgrade towards achieving net zero emissions, focusing on improving the value chain efficiency in the down apparel industry, promoting decarbonization in the production process, and expanding climate contributions beyond the value chain.

Export and Import Data

In October 2023, the total export amount of down industry was approximately 200 million USD, a year-on-year decrease of 36.0%. Except for a slight increase in the export volume of bedding, the export volume of other products showed varying degrees of decline. Both volume and amount of garment export declined by nearly 40%. Taking into account the period from JAN to OCT, the total export amount of the industry was approximately 2.29 billion USD, a year-on-year decrease of 23.0%, which was 1.6% higher than the decline in the previous three quarters.

In terms of imports, in October, the total import amount of the industry was approximately 130 million, a year-on-year decrease of 12.9%. Import products were still dominated by raw materials and clothing, with import volumes decreasing by 8.1% and 9.9% respectively. Taking into account the period from JAN to OCT, the industry's total import amount to approximately 800 million USD, with a year-on-year increase of 4.8%. Import volume of raw materials has seen a significant increase.

Zhanjiang City, Wuchuan City, Guangdong Province

Recently, 14 cities including Zhanjiang have been selected as pilot cities for the digital transformation of small and medium-sized enterprises (SMEs) in Guangdong Province. These cities will receive support to focus on different industries, promoting the digital upgrading of SMEs in areas such as design, manufacturing, sales, services, management, and security, aiming to achieve efficient transformation along the entire value chain. In the next stage, Zhanjiang plans to complete the digital transformation of 240 small and medium-sized enterprises, covering industries such as down and feather, aquaculture, and small household appliances.