The fastener industry is one of the first industries in China to open up, and it is also the industry that first entered the market economy. At present, more than 95% of enterprises in the industry have already achieved privatization and joint-stock system, which is the first industry in the machinery industry to implement ownership reform. The industry has maintained double-digit growth for five years in a row, and the economic benefits have improved significantly. There have been three pillars of private enterprises, state-owned enterprises and foreign-funded enterprises. In 2004, the country’s output reached 3.4 million tons, which is the largest in Asia and accounts for one fourth of the world’s total output. By the end of 2005, the total output of fasteners in the country was about 3.7 million tons.
At present, China's fastener industry as a whole shows an upward trend, but there are still some worrying issues.
The welcome five features:
The first feature is the obvious degree of industrial concentration. 70% of the fastener enterprises in the country are concentrated in four provinces and cities of Zhejiang, Jiangsu, Shanghai and Guangdong. Zhejiang accounted for 38.66%, the most concentrated.
The second feature is that leading enterprises play a leading role. There are 28 enterprises in the whole industry exceeding 100 million yuan, with a sales income of 7.69 billion yuan, accounting for 29.42% of the country’s total sales revenue; 16 foreign exchange enterprises with a foreign exchange earning of 10 million US dollars or more, and export earnings of 494 million US dollars, accounting for foreign exchange earnings from the entire industry. 38.68%. There are leading enterprises such as Shanghai Standard Parts Import & Export Co., Ltd., Changshu Standard Parts Factory, Dongfeng Automobile Fasteners Co., Ltd., Zhejiang Lipu Industrial Co., Ltd. and Fuao Automotive Components Co., Ltd. Standards Branch.
The third characteristic is that the technological transformation of enterprises has increased. Due to the contradiction between the supply and demand in the market, there has been a relatively rare market boom, which has prompted companies to increase technological innovation and investment. At the same time, the whole industry has increased the vitality of enterprises through the innovation of systems and mechanisms. In particular, the profitability of some leading enterprises and key enterprises has greatly increased, which also creates a good foundation for new investment.
The fourth feature is that the product structure is further optimized. As the high-strength products maintain a certain increase, so that the entire industry product structure has undergone new changes, heat treatment products from the end of the "Ninth Five-Year Plan" accounted for 20% of the total industry to 40%, which is the industry's technological progress A big performance.
The fifth feature is the acceleration of foreign investment. With China's accession to the WTO, China's investment environment has further improved, while the developed countries in the world have accelerated the adjustment of industrial structure and product structure. At present, more than 200 foreign fastener companies have invested in China, and their total investment has accounted for about 25% of the total industry investment.
the problem we are facing :
The first is the weakening of advantages of coastal enterprises. “As the rapid economic development in the coastal areas has resulted in an increase in wages and higher labor costs, some Taiwan-funded enterprises have already shifted to Vietnam with lower wage costs. In addition, the coastal areas are mostly private enterprises. The costs are very low. Now, as the country strengthens policy control in this area, the related expenses will increase accordingly.
Second, the rise in resource conflicts is also attracting attention. With the continuous development of the industry, the lack of contradictions among professionals is increasingly exposed, and this contradiction cannot be resolved in the short term. With the improvement of surface heat treatment technology, the demand for energy is also increasing. At present, there has been a problem of regional shortage. Raw materials are also an important factor affecting the development of the fastener industry.
The third prominent contradiction is price. According to reports, low prices not only damage the company's own development, but also make it easier for us to export fasteners to become anti-dumping targets of European and American countries.