The hottest Jinyi industry took the high-speed rai

Jinyi industry has a bumper harvest in the fastener business of "taking the high-speed railway"

Jinyi industry has a bumper harvest in the fastener business of "taking the high-speed railway"

China Construction machinery information

Guide: externally, the WTO expert group ruled that the EU's anti-dumping of fasteners against China due to friction and wear is about 1% to 2% of the annual GDP every year; Internally, Jinyi industry, which has won successive high-speed rail projects, has enjoyed a rare good life in recent years. Expanding high value-added business also allows the company to transform from a simple export processing to an enterprise dominated by the mainland market with a high gross profit margin

externally, the WTO expert group ruled that the EU's anti-dumping against Chinese Fasteners was not tenable; Internally, Jinyi industry, which has won successive high-speed rail projects, has enjoyed a rare good life in recent years. The expansion of high value-added businesses has also transformed the company from a simple export processing enterprise to an enterprise focusing on the mainland market with high gross profit margin

recently, the WTO expert group ruled that the anti-dumping measures taken by the EU against Chinese carbon steel fasteners violated WTO rules, and the "separate tax rate" implemented by the EU did not comply with WTO rules. In January, 2009, the European Union decided to impose a formal anti-dumping duty of up to 87% on carbon steel fasteners from China for five years, and the export tax rate of Jinyi industry to Europe was 77.5%

"we don't export much to the EU. In the short term, the WTO ruling that the EU anti-dumping is not in conformity with the regulations has little impact on the company's performance." Zhang Zhongjuan, the securities affairs representative of Jinyi industry, said. However, Qiu Hua, an analyst at Xiangcai securities, believes that Jinyi industry's previous lack of understanding on how to ensure equipment exports to the EU may be affected by the high anti-dumping tariffs. If the high tariffs are cancelled, Chinese enterprises will quickly expand the EU market by relying on cost advantages

what attracts investors' attention most is the high-speed railway project orders constantly announced by Jinyi industry. "Our high-speed rail business has accounted for half of our main business." Zhang Zhongjuan said. Lu Yongguang, an analyst at Zhongyuan securities, said that the company's high-speed rail fastening business is expected to double this year. Compared with ordinary fasteners, the gross profit margin of high-speed rail fasteners is higher, reaching more than 30%. Driven by the high-speed railway fastener business, Jinyi industry successfully reversed its losses in the first three quarters of this year and achieved a net profit of 200million yuan

it is understood that Jinyi industry ranks second among the six suppliers of high-speed rail fasteners of the Ministry of railways. The high-speed rail fasteners produced by Jinyi industry account for 24%-25% of the bidding share of the Ministry of railways, second only to fossler of Germany. Jinyi industry also provides supporting products for other suppliers

"due to the importance of safety, the contractor will attach great importance to product quality. After Jinyi industry becomes the main supplier of high-speed rail fasteners, this position is not easy to be replaced." Qiu Hua, an analyst at Xiangcai securities, said that this would guarantee the orders of Jinyi industry in the next few years. After a few years, the orders of high-speed rail fasteners will be reduced. At this time, the freight heavy haul line is expected to be built, which will continue to bring orders to the company. Please re tension the tension wheel

in addition to high-speed rail fasteners, Jinyi industrial automotive fasteners also began to make profits in 2010, which is expected to become another source of profit for the company. China's automotive fasteners once relied on imports. Jinyi industry seized the opportunity of domestic and foreign anti-dumping. Assuming that the project will be put into production in 2015, it will quickly open the market, and its gross profit margin will also reach more than 30%. "High speed rail accessories and automotive fasteners will become our two key businesses." Zhang Zhongjuan said

before the economic crisis in 2008, Jinyi industry was still a traditional export processing enterprise. The proportion of export revenue in the main business revenue in 2005, 2006 and 2007 was 59.4%, 52.3% and 51% respectively. In 2008, the company suffered from the pressure brought by the cancellation of export tax rebates and the appreciation of the RMB, and suffered losses in 2009. Now, the company has seized the opportunities brought by the domestic market, and its domestic business accounted for more than 81% in the first half of the year