On the evening of April 18, Tenda Technology released its 2023 annual report. In 2023, the company achieved operating income of 1.735 billion yuan and net profit attributable to the parent company of 85.6068 million yuan.
Tengda Technology's main business is the R&D, production and sales of stainless steel fastener products such as bolts, nuts, screws and washers. It is one of the leading enterprises in China's stainless steel fastener industry, with production scale and product market share for many consecutive years. Ranked among the top three in the industry. Fasteners are a general term for components used to connect and fasten various parts. They are widely used in many fields such as building materials, electric power, hardware products, mechanical equipment, petroleum and petrochemicals, rail transportation, etc., and are also known as "industrial of rice".
Intelligent manufacturing helps my country's fastener production transform from large to strong
Although my country is currently the largest country in fastener production in the world, the fastener industry started late, and a small number of supporting products in high-end application fields still follow foreign standards. Therefore, a large number of high-strength and high-precision fasteners still need to be imported. For example, aviation fasteners, engines, chassis, tire bolts, etc. of mid-to-high-end passenger cars, resulting in a certain price difference between my country's import and export of fasteners.
In recent years, with the implementation of the Industry 4.0 development strategy, in order to realize the high-end development of China's manufacturing industry, the demand for precision, high strength and standardization of fasteners at home and abroad has been increasing. Producing high-end fasteners that meet market demand is a new direction of competition in the fastener manufacturing industry. In the future, my country's fastener technology will gradually move closer to foreign advanced levels in terms of material selection, structural design, manufacturing technology, special technology, testing technology, surface coating technology and quality control. At the same time, production and manufacturing will become intelligent, integrated and extraordinary. Development will also be the main trend in the technological development of the industry.
Tenda Technology uses information management systems such as MES, ERP, and B2B customization platforms to form an intelligent manufacturing interconnection platform for stainless steel fasteners, enabling real-time monitoring and efficient and orderly management of the production and sales of tens of thousands of specifications of products. Relying on the intelligent manufacturing system, the company's "fastener industry digital workshop based on 5G private network" was rated as a provincial digital workshop in Shandong Province, and the "intelligent manufacturing" scenario was rated as an outstanding (national) intelligent manufacturing scenario in 2023.
Large-scale equipment updates are coming, and equipment transformation will help the manufacturing industry upgrade.
The "14th Five-Year Plan" is a critical period for my country's manufacturing industry to enter industrial upgrading and intelligent transformation. Fastener intelligent manufacturing has taken advantage of the trend to usher in a golden period of industry development. Since 2021, many national departments have frequently introduced favorable policies to promote the steady development of the fastener intelligent manufacturing industry. In December 2021, eight departments including the Ministry of Industry and Information Technology jointly issued the "14th Five-Year Plan for Intelligent Manufacturing Development". The policy clearly stated that by 2025, 70% of my country's manufacturing enterprises above designated size will be digitalized and networked, and 500 manufacturing enterprises will be built. The above smart manufacturing demonstration factories lead the development of the industry. In March this year, the State Council issued the "Action Plan for Promoting Large-Scale Equipment Updating and Trade-in of Consumer Goods." The Plan clearly stated the requirements for implementation results. By 2027, the scale of equipment investment in industry, agriculture, construction, transportation, education, cultural tourism, medical and other fields An increase of more than 25% compared with 2023.
CITIC Securities analysts believe that under the new round of large-scale equipment renewal policies, various industries will invest a large amount of capital to purchase new technologies and new equipment. This move is expected to increase the scale of fixed asset investment and help enterprises move towards higher-end technologies and equipment. Equipment transformation accelerates the release of economic benefits from new productivity.
With the country's comprehensive support for advanced manufacturing industries and new quality productivity, the overall capabilities of the domestic fastener manufacturing industry continue to improve. my country's fastener manufacturers are expanding into the mid-to-high-end product market, and the domestic substitution effect of high-end fastener products continues to deepen. .
In the future, Tenda Technology will speed up the construction of listed investment projects, accelerate the transformation of research and development results by enriching and improving the product line layout, increase the proportion of high value-added products, and continue to cultivate new profit growth points. At the same time, the existing production lines will be automated and upgraded, more automation and precision processing equipment, and precision testing equipment will be invested to fully realize the automated production of core production processes, realize the automation and intelligent manufacturing of stainless steel fasteners, and strive to become a globally influential company. A professional fastener production and integration service provider.
