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(China) Essence Fastening’s 2023 Revenue Increases
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2024-05-27
Essence Fastening released its 2023 annual report on April 24. The company's revenue was approximately RMB 493 million, an increase of 4.96%, with a year-on-year RMB 23.3057 million increase in operating income. As of the end of the period, the value of orders on hand was approximately RMB 165.8052 million.
The company has long been committed to the R&D, production and sales of high-strength precision fasteners, special-shape connectors and other products. In new energy vehicles, the products are mainly used in modules such as battery trays, chassis, car body, electronically controlled inverters, and battery swap systems. In addition, the company's fastener products are also used in electronic appliances, telecommunications and other industries. The company regards overseas markets as one of its strategic priorities. Based on the company's many years of good relationships with international first-tier suppliers such as Magna, Valeo, and Bosch, there is good foundation for overseas market expansion.
Essence Fastening focused on investment in R&D in 2023. The company and its subsidiaries invested a total of RMB 32.3438 million in R&D expenses, a year-on-year increase of 44.42%. Among them, the automotive business has 18 key R&D projects, mainly including new self-clinching rivet nut projects, SAIC HT hybrid electronic control fastener projects, easy-to-install valve stem connector projects for tie rods, high-precision bushing projects for positioning, anti-slip and sound reduction, reusable anti-loosening buckles, etc. The core technologies mastered by the company cover the key processes and production processes of metal and plastic fasteners and special-shape connectors, and are highly competitive.
超捷股份
年報
營業收入
高強度
精密緊固件
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新能源車
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Essence Fastening
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high strength
precision fastener
special-shape connector
new energy vehicles
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