Yueqing Fastener Industry Breaks Through into New Tracks ove

[Abstract]:Once known as the "industrial rice" serving as accessories for low-voltage electrical appliances, the fastener industry in Yueqing is now transforming into the "core of high-end manufacturing

Once known as the "industrial rice" serving as accessories for low-voltage electrical appliances, the fastener industry in Yueqing is now transforming into the "core of high-end manufacturing," driving strategic emerging industries such as new energy vehicles and photovoltaics. Over the past five years, Yueqing's fastener industry has completed a profound leap in its value chain and industrial upgrading. According to the annual meeting of the Yueqing Fastener Industry Association, the total output value of this industry reached over 4 billion RMB in 2025, with more than 1 billion RMB contributed by new tracks like new energy and high-end manufacturing, becoming a core new engine propelling regional economic growth.

As an indispensable basic component of the industrial system, Yueqing's fastener industry originated in the 1970s. It has now formed an industrial cluster comprising over 300 enterprises and covering more than 5,000 specifications of products, including screws and bolts. The key to the industry's transformation over the past five years lies in sustained investment, with a cumulative total exceeding 500 million RMB dedicated to intelligent and digital transformations. This has shifted the focus of industrial development from scale expansion to quality breakthroughs and value enhancement. In 2025, the city's fastener production volume reached 300,000 tons, approximately 70 billion pieces, with a total output value surpassing 4 billion RMB. Notably, the proportion of products featuring "high technology, novelty, specialization, and refinement" exceeded 30%, marking the industry's successful ascent toward the medium-to-high end of the value chain.

This systematic transformation stems from the enterprises' keen insight into market trends. Facing increasingly fierce competition in traditional application areas, Yueqing's fastener companies have precisely captured the surging market demand brought by emerging industries such as new energy vehicles, photovoltaic power generation, and smart home appliances, proactively strategizing towards high-value-added fields. Wen Jinpu, President of the Yueqing Fastener Industry Association, pointed out: "Transformation is not a negation of the past, but rather achieving the metamorphosis and capability enhancement of the entire industry by pioneering new tracks." This has become a consensus within the industry.

The results of this transformation are vividly reflected in specific enterprises. Inside the digital workshop of Yueqing Xutai Screw Factory, intelligent equipment operates efficiently. With a 35-year history, this enterprise has successfully transitioned from supplying accessories for motorcycle dashboards to venturing into the field of high-end automotive fasteners. Xu Xiangmiao, the person in charge of the enterprise, introduced: "Before 2020, our annual sales revenue had long hovered around 20 to 30 million RMB." By pivoting to the automotive sector, the company achieved an impressive average annual growth rate of 30% over the past five years, reaching an output value of 110 million RMB in 2025. Behind these striking figures lies the enterprise's investment of over 60 million RMB in research & development and equipment updates during this five-year period.

Another representative enterprise, Zhejiang Tianhong Fastener Co., Ltd., demonstrates the formidable power of the "R&D-driven" model. Within its intelligent production system, over 1,300 sets of precision equipment are providing one-stop fastener solutions for renowned domestic and international companies such as Huawei, Panasonic (Japan), and Aux. Holding a nut sample developed for Panasonic Japan over three years, the company's head, Xie Tianfeng, stated: "Judging from the test results, its performance and lifespan have both reached the level of Japanese imported products, with some indicators even surpassing them. To seize the market high ground, we must rely on leading technological content." Over the past five years, the company has invested over 40 million RMB in R&D and equipment upgrades, securing 25 authorized patents. It is now deeply embedded in multiple emerging industrial chains, including automotive parts, smart homes, and photovoltaic energy storage, with its 2025 output value steadily growing to 150 million RMB.

The "single-point breakthroughs" of enterprises cannot be achieved without solid industrial foundation support. To date, the Yueqing fastener industry has cultivated 10 provincial-level "Specialized, Refined, Differential, and Innovation" (SRDI) SMEs and 17 national-level high-tech enterprises, forming a distinct industrial cluster advantage driven by technological innovation.

From supporting traditional manufacturing to empowering strategic emerging industries, the upgrading path of Yueqing's fastener industry serves as a vivid microcosm of Chinese manufacturing courageously advancing towards high-end and intelligent development. By continuously cultivating new tracks, Yueqing is meticulously forging seemingly tiny grains of "industrial rice" into the "innovation cores" that support the development of modern high-end manufacturing.

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Yueqing Fastener Industry Breaks Through into New Tracks ove

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