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Since June 8th of 2015, Pinghu Dragon Fastener Co., Ltd. has been officially registered in Shanghai Stock Exchange and can be traded publicly. President Gu of Pinghu Dragon Fastener and other directors all attended the public listing ceremony of the company.

President Gu said, “The listing in Shanghai Stock Exchange helps Pinghu Dragon Fastener win a ticket to the gate of the capital market and consolidates a solid base for the next step of the company. Pinghu Dragon will fully utilize the capital market to integrate resources, optimize the corporate structure, accelerate developments, and enhance its core competitiveness.” 

Pinghu Dragon was founded in 1978. Through years of development, it has become a professional manufacturer and exporter of nuts, flat washers, and stamped parts. Major facilities in the plants of Pinghu Dragon were introduced from Taiwan and major machines for inspection (incl. Brinell/Rockwell/Vickers Hardness Testers, Thickness Testers, Salt Spray Testing Lab, Optical Projector, etc.) have been also installed in its plants. The specifications of its nut production can be in sizes of M3-M24 and the annual production of nuts reaches 9,000 tons; the specifications of its high-strength washers can be in sizes of M1.5-M110 and the annual production of high-strength washers and stamped parts reaches over 8,000 tons. The total production of Pinghu Dragon Fastener in 2013 was RMB0.13 billion, up about 10% over last year’s production value.

Every year Pinghu Dragon Fastener can develop 3 to 4 new products. It now has 28 patents including 5 for new inventions. 95% of its products are for export and some of these exported products are even used by Russian military industries.

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