Precision Parts Processing: Three Weathervanes in the Hardware Processing Industry

The three major wind vane of the hardware processing industry: looking forward to the 12th Five-Year Plan, not only contains major strategic opportunities for our country, but also the adjustment and transformation will give birth to a new round of economic prosperity. Through the eight key topics of the 12th Five-Year Plan announced by the National Development and Reform Commission at the end of last year (namely: expanding domestic demand, enhancing innovation, promoting urbanization, coordinated regional development, energy conservation and emission reduction, improving public services, reforming the economic system, and transforming the foreign economic development mode) and subsequent relevant reports and research analysis, we believe that the "12th Five-Year Plan" period is an important strategic opportunity period for our country‘s economic and social development, and it is also a critical period for our country‘s economic development stage to transition from the middle to the later stage of industrialization. Due to the influence of external environment, institutional reform, industrialization, informatization and urbanization, economic development will show many new characteristics and new trends different from the "11th Five-Year Plan" period.

1. Low-carbon energy-saving wind

Nowadays, the world economic growth led by IT technology has long entered a period of decline, and the global economy needs new growth points to stimulate a new round of growth. This has led to the vigorous and rapid development of the green economy based on new energy and low-carbon economy.

The rise of the LED lighting industry revolution, the transformation of low-carbon technology in door and window hardware, and the research and development of innovative energy-saving in the bathroom industry... These undoubtedly prove that some prescient hardware processing industries have been on the road of green development. With the continuous consumption of non-renewable resources, the wind of low-carbon energy saving will definitely last for a long time.

2. Own brand style

For a long time, Chinese enterprises, especially hardware enterprises, did not have their own brands and technologies, and most of them appeared on the world trade stage as "manpower hardware processing factories". With the continuous improvement of the economic level, it has become more and more obvious that this model restricts economic development.

In order to achieve development, China‘s hardware parts processing enterprises must have their own independent technologies, must transform from manufacturers to creators, and must take innovation as a breakthrough. They must firmly establish the development concept that quality is the life of the enterprise, strengthen the sense of integrity and responsibility, improve product competitiveness, and allow high-quality and high-priced products to enter domestic and foreign markets, enhancing their corporate image and status.

3. Hardware goes to the countryside

Rural towns have always been a huge potential consumer market, especially with the rapid development of the economy in recent years, the transformation of the home environment, and the upgrading of township enterprises, which have made this market in a high demand for hardware products. In this regard, Luo Baihui believes that on the one hand, "hardware to the countryside" can contribute to the persistence of urban and rural areas, and on the other hand, it also expands the market domestic demand for hardware parts processing products, converts the potential huge consumer demand in rural areas into real purchasing power, and at the same time effectively promotes the comprehensive coverage of a hardware Enterprise Services network, establishing a brand for domestic enterprises, which can be said to kill multiple birds with one stone.