Looking back at the past 2011, the development of screw companies was fraught with difficulties, domestic economic growth slowed down, inflation, appreciation of the renminbi, rising labor costs, faster frequency of steel price fluctuations, and difficulties in financing for small and medium-sized enterprises. 2011 was a difficult year. However, throughout the year, the fastener industry in China still maintained a stable growth. In the first half of the year, total output increased by 6.9% year-on-year, and total sales increased by 7.02% year-on-year, of which exports of fasteners increased by 21.57% year-on-year. Although development is advancing in reverse, many companies still find ways to cope with difficulties in the harsh environment, find exports that are transformed and upgraded, turn crises into opportunities, and look forward to 2012. This year is the key year for the 12th Five-Year Plan. It is also the year when the party’s 18th National Congress will be successfully held. The development of the fastener industry will inevitably become the main theme.

First, insisting on development is the last resort, and intensifying restructuring, acquisitions, and strengthening adjustments in difficult situations.

Second, relying closely on the industry to develop high-performance, high-intensity, high value-added products.

Third, give full play to the advantages of independent innovation of enterprises, vigorously develop information technology and high-tech applications, and improve the level of manufacturing and labor productivity.

4. Based on the domestic market, promote dislocation competition, standardize the market order, oppose and stop the dumping of the reserve price, constantly adjust the price of the product in practice, adapt the price of the fastener product to the production cost, and adapt to the international market, with the brand and quality. Adapted.

V. Accelerate the withdrawal of funds, strictly control the scale of loans and investments, and pay more attention to controlling cash flow.

6. Pay attention to the changes in the European and American markets, actively respond to various trade protection measures and stabilize the export market.