1. There are a wide range of customers who need fasteners, and no one says that this industry will be replaced in the foreseeable future; so we are also called standard parts, which means that our industry has a very long life cycle. As long as there is an industry, it is inseparable from our industry. Because the industry will not be eliminated and there are so many customers, we can survive in this industry as long as we are not doing badly.

2. Because our industry has a low gate, relatively easy entry, and a large number of peers, the competition is very fierce; especially our standard parts, because they are standard, everyone knows that the price list is released, so the price is very transparent. Therefore, it is generally not sold at the price, and the profit is meager.

3. Due to customers in the general machinery and equipment industry, their total purchase price of screws generally accounts for 0.5-2% of their total purchase price. Such a small proportion has caused the big boss to not pay too much attention to our screw purchase. In many cases, the purchase has the final say. If the purchase can be done, there will indeed be huge profits in the screw industry (their boss does not feel much after selling it twice); but this is more risky. In the future, accidents will usually be driven out by customers.

4. Fasteners have become a major trend in our country. The development of high-quality fasteners has become a major trend; low-grade fasteners are declining. If you want to cut into the market with low-grade fasteners, the prospects are not good.