Fastener industry leader reproduces prosperity

In the “Twelfth Five-Year Plan”, China has taken the high-speed rail as a priority emerging industry and China’s high-speed rail industry has shown a high degree of prosperity in the domestic and foreign markets, boosting morale, and favored by funds at one time. Jin Yi Industrial Co., Ltd. is one of the major suppliers of high-speed rail fasteners in China. The secondary market has been climbing all the way.

1. Scale variety advantage: The company is one of the largest fastener production enterprises in the country, with obvious economies of scale and leading position in the industry. The company's products are fully equipped, and products have formed a series of universal fasteners series, railway series, steel structure series, highway series, power series, automobile series and so on. With more than 20,000 varieties and specifications, the company has developed into a fastener industry. The "supermarket" can satisfy customers' multi-species purchasing requirements to the maximum extent possible.

2. Industry Prospects: With the rapid development of China's national economy and the increasingly prominent status as a manufacturing center of the world, and the country’s large-scale investment in major projects such as high-speed railways and power grid reconstruction, the market capacity of domestic fastener products It will also have a large room for growth, which will provide a broad market for the company to expand its business scale in the future.

The country’s export tax rebate policy has undergone major adjustments, and the company’s export business has been blocked, resulting in higher sales costs for export products, lower sales revenue, and lower gross profit margins for sales; the continued appreciation of the renminbi has reduced the profitability of the company’s export products.

The company's main railway fasteners and fasteners are one of the major suppliers of high-speed rail fasteners in China. At present, domestic high-speed rail fasteners are mainly participated by 6 companies in bidding. The company is in front of another German company. The company's high-speed rail orders account for about 20% of the total domestic high-speed rail fasteners. In addition to fasteners, the company's products also produce gaskets for high-speed rails, which can provide high-speed rails and the overall strength of the fastener industry. After the company has benefited from the significant increase in high-speed rail investment in recent years, it is expected to once again benefit from the increase in demand for heavy-duty railways. Because the high-speed rail took away a large amount of passenger traffic, some railway lines were abdicated to professional logistics railways. These railways will be converted from current dual-purpose railways to heavy-duty freight lines, which will once again drive the demand for railway fasteners. It is expected that such demand will be met. In 2012, the high-speed rail entered its climax.

Automotive fasteners are the company's permanent development direction. After many years of industrial accumulation, the company has completely advanced production capabilities, with the exception of very few individual products. At present, the company has obtained relevant certifications from more than 30 brands including Chery, Changan, BYD, and Volkswagen. Since 2009, it has been supplied to Vientiane, Chery and other accessories manufacturers. Judging from the current trend, the industry continues to extend the high degree of prosperity since the beginning of the year, and it is expected that the annual auto fastener business will achieve more than 200 million yuan of revenue. Divided attention is recommended.

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