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Status of Automotive Fastener Maker Zhejiang Huayuan and Related Companies

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2022-10-04
     Zhejiang Huayuan Auto Parts develops, manufactures and sells customized automotive system connectors, most of which are special fasteners for automotive chassis, power system, security system and interior/exterior system. In 2021, the company's net profit soared 318.26% (RMB 200 million), and sent out a dividend of RMB 188 million which was 94.03% of the total net profit. However, 2021 also recorded the company's lowest profit margin within the last three years. Further, its recent R&D investment was low at around 5% of total revenues.
 
     Essence Fastening Systems and Zhejiang Changhua Auto Parts respectively dropped 37.38% and 65.72% in net profit for the first half of 2022. Suzhou Cheersson Precision Metal Forming's profit increased 41.72%. Changhua attributed the drop to the COVID, production halt of automakers, supply chain disruption, material price and labor cost hike, which led to decreased gross profit margin leading to a drop in profit.
浙江華遠
車用緊固件
Zhejiang Huayuan
automotive fastener
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
FASTENER WORLD
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