China's fastener development will be a breakthrough

At present, China's fastener industry has been accelerating its pace of adjustment, pursuing a one-sided pursuit of output value output, improving the quality and brand effect, and pursuing a one-sided pursuit of transformation from a production-oriented to a production-oriented service. The change in type has made the concentration of the fastener industry apparent.

In the 21st century, the market competition has further intensified. In order to maintain the continuous and stable development of the fastener industry, we have proposed a new concept of “adjustment in development and improvement in adjustment” and adhere to the adjustment of market structure and product structure. Hand, promote corporate restructuring and industrial agglomeration, and promote the transformation of the industry's economic growth mode. Through continuous efforts in the past, China's fastener industry has maintained a steady growth, the pace of industrial adjustment has accelerated, and there have been new breakthroughs in restructuring and industrial concentration. Its main manifestations are in three aspects:

Industrial concentration has shown initial success. At present, China's fastener industry has been accelerating its pace of adjustment, pursuing a one-sided pursuit of output value output, improving the quality and brand effect, and pursuing a one-sided pursuit of transformation in a specialized, refined, and special direction. From the production to the production and service type, the concentration of the fastener industry has become apparent. Initially formed three major fastener industry clusters in the Yangtze River Delta, the Pearl River Delta and Bohai Bay, and built a number of fastener industry bases such as Jiaxing, Ningbo, Wenzhou, Dongguan, Hebei Xingtai, and Yongnian. These regional fastener companies accounted for more than 75% of the country, and emerged as represented by Zhejiang Jinyi Industrial Co., Ltd., Jiangsu Changshu Standard Parts Factory, and Shanghai Standard High-strength Fastener Co., Ltd., with a sales income of over one billion yuan. Leading companies and 200 key enterprises with annual revenue exceeding 100 million yuan. The annual sales income of these enterprises is more than 35 billion yuan, accounting for 53% of the national sales revenue. There are more than 4,000 enterprises above the scale of the industry, accounting for 85% of the national fastener sales revenue, and the country's annual export earnings reach 10 million US dollars. There are more than 40 companies in the above, accounting for more than 60% of the country’s foreign exchange earnings.

Leading enterprises play a leading role The development of leading enterprises is playing a more and more dominant role, and thus the degree of industrial concentration has been greatly improved. Leading companies and Chaoyin enterprises accounted for 52% of the total, and 33% of the enterprises above designated size accounted for 15% of other companies. Enterprises in the technological innovation has also accelerated the pace, the formation of a group of unique special, special, specialized enterprises, including high-strength fasteners accounted for 15%, heat treatment products accounted for 60%, other products accounted for 40%. Adhering to the road of innovation and upgrading the industry’s equipment and technology level must not only accelerate the integration of modern information technology and traditional industries, but also learn advanced foreign technologies and experiences, and must go abroad to the world.

With the further intensification of domestic and foreign market competition, it is inevitable to promote the outward development of enterprises. Enterprises will invest in foreign countries. In addition to some traditional export trade markets, many companies have turned their attention to emerging countries. Changshu Standard Parts Factory and Ningbo Jinding Fasteners More than 10 companies have opened up overseas markets in Hungary, Malaysia and Indonesia.

New Breakthroughs in Corporate Reorganization Along with companies in the industry investing abroad, they also promote corporate restructuring, such as Zhejiang Youli Fasteners Co., Ltd. and Shanghai Hadiwei Trading Co.; Zhejiang Ruian Standards Co., Ltd. and Chongqing Second Co., Ltd.; Shanghai Jiyou Machinery Co., Ltd. and Shanghai High-strength Bolt Factory Shanghai Fasteners and Welding Materials Technology Research Institute; Shenzhen Aerospace Standard Parts Co., Ltd. and Shanghai Excellence Automotive Components Co., Ltd. This combination of advantages, corporate restructuring can quickly gather the development advantages of the two companies to form a new joint force, promote the rapid development of enterprises, while also improving the degree of industrial concentration. For the fact that the fastener industry is facing an intensification of the contradiction of overcapacity, corporate restructuring can maximize the allocation of production factors and resources, and realize the purpose of vertical integration of the industry chain.