Haiyan Fastener Enterprises Achieve Output Value Exceeding 12 Billion Yuan

Haiyan ranks among China's top three fastener production bases, hosting over 400 related enterprises. In the first three quarters of this year, 171 enterprises above designated size achieved an output value exceeding 12 billion yuan, with their self-operated export volume accounting for over 9% of the national total.

However, the industry faces significant challenges: complex global trade dynamics, overcapacity in low-end products and supply shortages in high-end products, coupled with competitive pressures from other regions, have impacted corporate profitability. Simultaneously, emerging industries like new energy vehicles and wind power demand increasingly higher quality and precision standards for fasteners, compelling Haiyan's fastener sector to undergo transformation.

To overcome these challenges, Haiyan first eliminated outdated production capacity and promoted enterprise consolidation. Subsequently, it upgraded toward manufacturing high-end precision products. Specific actions include: balancing domestic and international markets by first iterating products for the domestic market before introducing premium offerings internationally; Production: Intelligent equipment was introduced, with leading enterprises spearheading R&D for high-end components—such as Qifeng Precision Engineering's ongoing technical upgrade project.Companies no longer operate in isolation along the industrial chain but pursue collaborative development.

Local policy support was implemented, setting a target for the fastener industry's enterprises above designated size to achieve a total output value exceeding 20 billion yuan by 2027, with an average annual growth rate surpassing 8%.