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At present, my country's fastener industry is accelerating the pace of adjustment, from the one-sided pursuit of output value and output, to the transformation of quality and brand effect, from the one-sided pursuit of large and complete, to the direction of specialization, precision and speciality, and from production to production services. Type transformation has clearly highlighted the concentration of the fastener industry. Three major fastener industry clusters in the Yangtze River Delta, the Pearl River Delta and the Bohai Bay Rim have been initially formed, and several fastener industry bases have been built in Jiaxing, Ningbo, Wenzhou, Dongguan, Hebei Xingtai, and Yongnian. These regional fastener enterprises accounted for more than 75% of the country’s total. Representatives such as Zhejiang Jinyi Industrial Co., Ltd., Jiangsu Changshu Standard Parts Factory, and Shanghai Biaowu High-strength Fastener Co., Ltd., with sales revenue exceeding one billion yuan Leading enterprises and 200 key enterprises with annual sales revenue exceeding 100 million yuan. The annual sales revenue of these companies is more than 35 billion yuan, accounting for more than 53% of the national sales revenue. There are more than 4,000 enterprises above the designated size in the industry, accounting for 85% of the national fastener sales revenue, and the country’s annual export revenue reaches tens of millions of dollars. There are more than 40 companies above, accounting for more than 60% of the country’s export earnings.
Entering the 21st century, market competition has further intensified. In order to maintain the continuous and stable development of the fastener industry, we have proposed a new idea of u200bu200badjustment in development and improvement in adjustment, and adhere to the adjustment of market structure and product structure. Grasp, promote enterprise reorganization and industrial agglomeration, and promote the transformation of the economic growth mode of the entire industry. After continuous efforts in the past, my country's fastener industry has maintained steady growth, the pace of industrial adjustment has accelerated, and new breakthroughs have been made in restructuring and industrial concentration, which are mainly reflected in three aspects:
Industry concentration rate shows initial results
At present, my country's fastener industry is accelerating the pace of adjustment, from the one-sided pursuit of output value and output to the transformation of quality and brand effect, from the one-sided pursuit of large and comprehensive, to the direction of specialization, precision and speciality, The shift to a production service type has clearly highlighted the concentration of the fastener industry. Three major fastener industry clusters in the Yangtze River Delta, the Pearl River Delta and the Bohai Bay Rim have been initially formed, and several fastener industry bases have been built in Jiaxing, Ningbo, Wenzhou, Dongguan, Hebei Xingtai, and Yongnian. These regional fastener companies account for more than 75% of the country’s total. Representatives such as Zhejiang Jinyi Industrial Co., Ltd., Jiangsu Changshu Standard Parts Factory, and Shanghai Biaowu High-strength Fastener Co., Ltd., with sales revenue exceeding one billion yuan Leading enterprises and 200 key enterprises with annual sales revenue exceeding 100 million yuan. The annual sales revenue of these companies is more than 35 billion yuan, accounting for more than 53% of the national sales revenue. There are more than 4,000 enterprises above the designated size in the industry, accounting for 85% of the national fastener sales revenue, and the country’s annual export revenue reaches tens of millions of dollars. There are more than 40 companies above, accounting for more than 60% of the country’s export earnings.
Leading companies play a leading role
The development of leading enterprises is playing an increasingly stronger leading role, which leads to a greater increase in industrial concentration. Among them, leading enterprises and enterprises exceeding 100 million yuan accounted for 52%, enterprises above designated size accounted for 33%, and other enterprises accounted for 15%. Enterprises have also accelerated their pace in technological innovation, forming a number of unique, special, and specialized enterprises, of which high-strength special fasteners account for 15%, heat treatment products account for 60%, and other products account for 40%. Adhering to the path of innovation and upgrading the equipment and technology of the entire industry requires not only to accelerate the combination of modern information technology and traditional industries, to learn advanced foreign technology and experience, but also to go abroad to the world.
With the further intensification of competition in the domestic and foreign markets, it is bound to promote the development of enterprises. Enterprises respectively invest abroad. Except for some traditional export trade markets, many enterprises have set their sights on emerging countries, such as Changshu Standard Parts Factory and Ningbo Jinding More than 10 companies including Fasteners have opened up foreign markets in Hungary, Malaysia, and Indonesia.