Xinjiang: Give Full Play To The Advantages Of The Platform To Strengthen And Expand The Cotton Industry

With the deepening of the reform of state-owned assets and state-owned enterprises, the first division of Xinjiang production and construction corps cotton and hemp Co., Ltd. actively explored financing cooperation and agent sales business. In January 2021, Xinjiang Tarim cotton supply chain Co., Ltd. was registered and established. This is a specific action of the company to deepen the reform of state-owned enterprises, in order to give play to the advantages of cotton sales platform and financing platform, and create cotton Hemp revenue "10 billion" enterprises laid the foundation.

Xinjiang Tarim cotton supply chain Co., Ltd., as a wholly-owned subsidiary of the first division of cotton and hemp company, is the first unit of XPCC to implement the combination of futures and current and basis trade. It mainly takes the cotton supply chain company + cotton industry subsidiary as the leading business mode, and the cotton supply chain company + cotton industry subsidiary + textile mill as the auxiliary business mode, and uses the futures hedging, basis trading, forward cash trade, warehouse receipt pledge, warehouse receipt transfer, physical delivery and other business modes to carry out various business operations in the cotton sector.

It is reported that the company is the first division of cotton and hemp company, in order to adapt to the new economic situation and reform and development needs of transformation and upgrading results, currently has domestic advanced cotton futures trading platform and mature sales team, with futures delivery function, annual throughput of 500000 tons of lint logistics storage facilities, has a set of perfect scientific sales process and assessment and distribution mechanism. At the same time, relying on the financing platform of the first division cotton and hemp group company and 10 cotton processing plants, through the combined sales mode, it is estimated that the annual sales volume of lint will reach 400000 tons in five years, accounting for 30% of the total lint in Aksu region, and the annual sales volume will reach 5.5 billion yuan, which can effectively serve "agriculture, rural areas and farmers" and promote the income and efficiency of cotton farmers.

At present, the company is starting to lay out a new sales network, create resource platform advantages, expand external business and related supporting business, further enhance the enterprise efficiency and scale, rely on the advantages of warehousing and logistics, strengthen and optimize the dominant plate of cotton industry, boost the high-quality development of enterprises, build a cotton sales center in southern Xinjiang, and realize the idea of cotton trading market in southern Xinjiang.