According to the financial report released by stainless steel fastener leader Tengda Technology (001379.SZ), the company achieved operating revenue of RMB 2.004 billion in 2025 (up 10.97% year-on-year) and recurring net profit of RMB 68.9592 million, with overseas sales revenue accounting for 70.69% of total revenue. To hedge against frequent anti-dumping investigations and tariff barriers in overseas markets such as Europe and the United States, the company announced plans to invest no more than RMB 200 million to build a production base in Thailand, establishing overseas original manufacturing capability. This move reflects a major shift in the go-global model for China’s basic hardware components: against the backdrop of intensifying international trade protectionism, the model of relying solely on domestic production for exports is no longer sustainable. Global supply chain布局 and localized production capacity building in Southeast Asia are becoming indispensable paths for Chinese hardware fastener companies to maintain their international market share.
