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More than 300 million screw industry financing, the industry's financial situation is changing
Click:1920 Date:2019-1-21 9:06:09
Time flies, 2019 has come. What has happened to the fastener industry in the past 2018? Why are more and more enterprises moving to industrial parks? Here the editor summarizes the major events of the fastener industry in 2018. Let's take a look at the hot news you have missed.


1. Continuous pressure on environmental protection and coexistence of challenges and opportunities


In 2018, a wave of environmental protection storms surpassed a wave. Looking back on the management of thousands of polluting enterprises, the development of small and medium-sized enterprises is facing unprecedented challenges. Environmental protection policies continue to pressure, whether enterprises even survive is a problem?


February 2018 - 18 steel enterprises in Handan city strictly limit production by 50%.


On February 25, the Office of the Leading Group of Air Pollution Prevention and Control in Handan announced the Opinions of the Office of the Leading Group of Air Pollution Prevention and Control in Handan on Implementing Measures to Strengthen the Comprehensive Control of Air Pollution in March.


May 2018 - Hebei Environmental Protection Department fines 84 environmental illegal enterprises


Hebei Provincial Environmental Protection Department revealed on Wednesday that it had recently imposed administrative penalties on some of the environmental violations discovered at the end of 2017. The decision involves 84 enterprises, with a total penalty of 43.5 million yuan.


October 2018 Environmental Protection Inspector "Looking Back": 610 people detained in 10 provinces and autonomous regions were fined 710 million


On October 16, the Ministry of Ecology and Environment was informed that, starting today, the first batch of central environmental protection inspectors will "look back" and each inspecting group will successively feedback "look back" and special inspecting opinions to the relevant 10 provinces (regions). According to the latest data, more than 37,000 reports of people's ecological and environmental problems received by the inspection team have been basically completed, with a fine of 710 million yuan and 610 administrative and criminal detainees.


Despite the increasing pressure of environmental protection, the deteriorating business environment and the shrinking profit margin, most small and medium-sized enterprises are still sticking to it. Nowadays, environmental protection is the general trend, and environmental protection is an opportunity. Enterprises should seize the favorable opportunities to expand the market, actively cooperate with rectification and reduce losses as soon as possible.

2. Fastener Industry Transfer


With the rising price of raw materials and the increasing cost of labor, as well as the increasingly stringent environmental protection policies, the competitive advantage of enterprises is gradually weakening, enterprises are also in urgent need of exploring a new development mode to find a breakthrough; and in recent years, the frequent "industry transfer" hot wind in the fastener industry has become one of the forms that enterprises are keen on.


April 2018 - Haiyan Fastener Transformation and Upgrading Demonstration Industrial Park


On April 8, 2018, the demonstration park for the application of Nuclear-Grade stainless steel industry and the transformation and upgrading of Seasalt fasteners held a grand opening ceremony in Haiyan. This park is the first industrial park project of Close Business Science and Technology, located in the north of Qinshan Street Nuclear Power Avenue, Haiyan County.


July 2018 - Wanxiang Industrial Park, East District of Yangjiang


On July 12, the ceremony of the transfer of firms to Yangdong and the celebration of the unveiling and establishment of the Yangjiang Fastener Industry Association were solemnly held in Wanxiang Industrial Park, Yangdong District. A total of 69 firms settled in Yangdong.

 

3. Current Financing Tide in the Industry


More and more mergers and acquisitions show that although the profit model still relies on government subsidies and policy support to a considerable extent, the distribution of upstream recycling and downstream reuse is also increasing. Financing around midstream dismantling has become the theme of fastener industry this year.


March 2018 - Gonggong No. 1 won the strategic share of listed companies


Recently, Gonggong No. 1, an industrial Internet platform focusing on standard parts, released financing information. It acquired strategic equity of a listed company. This financing involves information disclosure of listed companies. Therefore, investment details will be announced after disclosure by investors.


July 2018 - Good Goods got 110 million A + rounds of financing


On July 29, Good Goods announced that it would receive 110 million yuan A + round financing from Zhong Ding Venture Capital Investment, the second round after A round financing of Good Goods. In February, Danhua China led a $15 million investment in the first round of financing for good works.


December 2018 - Feivo Technology received 50 million yuan of financing


Recently, Hunan Feiwo New Energy Technology Co., Ltd., a leading domestic high-end fastener market, held a new round of equity financing signing ceremony in Changde, Hunan Province. This round of financing totals 50 million yuan, with 20 million yuan invested by the leading investor Huasoft Capital, 20 million yuan invested by Yuanli production under Caixinjin Control, and 10 million yuan invested by Cofuron Venture Capital Company, another institution.

4. Sino-US Trade War


March 2018 - The Sino-US Trade War officially began

On March 23, 2018, President Trump said he would impose anti-dumping duties on 50 billion Chinese products, marking the official start of Trump's long-brewing trade war with China.


April 2018 - US Trade released a list of tariffs to be imposed on China


On April 4, 2018, the Office of the United States Trade Representative published a list of tariff increases on Chinese products, covering 1300 independent tariff items. The United States intends to impose a 25% punitive tariff on these Chinese products in the future. This list contains the top three fasteners imported from China by the United States - nuts (731816), steel or iron.


July 2018 - China responds to the Sino-US trade war


On July 6, when the United States officially began to impose 25% tariffs on China's 34 billion imports, China immediately responded by imposing 25% tariffs on 659 imports originating in the United States of America of about $50 billion, including 545 imports of agricultural products, automobiles, aquatic products of about $34 billion since July 6, 2018.


December 2018 - The Sino-US Heads of State Meeting concluded


On December 2, the meeting between the heads of state of China and the United States ended and agreed not to impose more tariffs after January 1 next year. For firms exporting fasteners to the United States, a pending heart is finally laid aside.


The Sino-US trade war has come to an end for the time being, but it has not yet come to an end. We cannot predict what far-reaching impact it will have in the future, because the global political and economic situation is full of too many uncertainties. For the fastener industry, the impact of industrial upgrading, environmental protection supervision and price control on the industry can not be underestimated.


2018 is a challenging and promising year for the fastener industry. The arrival of 2019 also indicates that we will face new challenges, but please believe that progress, development, difficulties, anxiety, doubts, of course, will also be full of hope.

 

 
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