Henan Zhongfang Group Xinjiang Cotton Company (hereafter referred to as the Company) is a professional cotton management enterprise engaging in Xinjiang cotton purchase, processing, sales and circulation. The Company is founded according to related state cotton policies and relying on the funds, information, market and technical advantages of Zhongfang Group. It was founded on the basis of demonstrating Xinjiang cotton resources advantages. It mainly supplies the Group with Xinjiang Cotton. Its annual purchase, processing, operation of fine staple cotton reaches 20,000 tons and long staple cotton more than 5,000 tons Xinjiang cotton has won five first such as overall production, unit production, goods export rate, transfer-out volume and per capita occupation volume in China cotton industry for consecutive 9 years since 1993. In recent 4 years, the total output of Xinjiang cotton has maintaining about 1.5 million tons, accounting for about 30% of national output and 8% of global output. This shows important position of cotton industry in national economic development. As for Xinjiang autonomous region, it is the rise of cotton industry that changed the strategic position of Xinjiang agriculture in national economic pattern. Among of them, Akesu area is the largest cotton production area of China. It also is the key production base of commercial cotton confirmed by the state. The cotton output is accounting for 10% of national cotton output. Cotton planting industry has become one of industries with most powerful competitiveness in this area. Meanwhile, Kashi and Awati area are bigger cotton areas in China. The resource advantages and comparable advantages of Xinjiang cotton are indicated in these areas.  At present, home cotton market and international cotton market gradually meet，home cotton enterprises integrate their businesses. Under this circumstance, the company made much effort on cotton cost, price, quality and circulation to strengthen its market competitiveness and anti-risk capacity, actively meeting the new opportunities and challenges. Relying on advantages such as national marketing network, information, and technology to enlarge the purchase force in major cotton areas of Xinjiang and taking the development of modern Xinjiang cotton circulation as target, the Company is advancing on professional, high-efficiency and high-benefit cotton management enterprise.  The Company has keeping good business partner relationship with Xinjiang and other major cotton areas, enjoying high reputation. Now it has built 4 cotton purchasing and processing bases with the mode of self-construction, shareholding and cooperation in Xinjiang. Its business involves purchase, processing, storage, agent and sales of cotton and other related products. The company made full use of local resources and played its own advantages. The company obtained great economic benefits and social benefits by adopting flexible and convenient mode of “timely purchasing, on the spot processing” to reduce the complex turnover procedures. With the development of cotton circulating system, insisting on the strategy of operating Xinjiang cotton, the Company gradually shows its great competitive advantages under market economy condition, develops business, enlarges its scale and expands market.