Affected by trade war, epidemic situation and industry competition, YKK’s scale and profit were frustrated
Founded in 1934, YKK has experienced a period of start-up, global expansion and fine production. It has become a leading enterprise in the international zipper industry, mainly engaged in fastening and AP business. However, affected by the trade war, epidemic situation and industry competition, YKK’s scale and profitability were frustrated, and the net profit attributable to the parent company in fy2020 decreased by 33.3% year-on-year.
YKK: product strength, brand strength, solid customer base, multi-dimensional change in the competitive environment
YKK’s customers cover the world, realize the diversified needs of customers, and use integrated production to form brand competitiveness. Facing the increasingly fierce global industry competition, YKK creates new value through continuous iterative innovation of products and technologies, integrates sales and development departments, strengthens the training of regional leading talents, strengthens the application of intelligent digital technology, and seeks to maximize cost competitiveness.
Zhejiang Weixing Industrial Development Co.Ltd(002003) : under the global epidemic, the high-quality supply chain meets the inflection point, and the advantages of quality service, delivery time and cost performance enhance the global market share
Benefiting from China’s good epidemic control, the main reason for the good performance of Zhejiang Weixing Industrial Development Co.Ltd(002003) this year is that the company has continuously promoted intelligent manufacturing, globalization strategy and improved manufacturing level in the past few years, and has achieved quite good results in stages.
Zhejiang Weixing Industrial Development Co.Ltd(002003) pay more attention to providing “one-stop” service while providing customers with high-quality products. At the same time, the company’s zipper has formed a strong competitive advantage in the diversity and fashion of product categories, the novelty and innovation ability of styles, the rapid response to the market and the supporting ability of products. Focus on key technology and process research, product upgrading and new field expansion, constantly build the competitive advantage of the company’s core products, and improve customers’ use experience and satisfaction.
Risk tip: the growth rate of the total industry is lower than expected; Limited production capacity due to global epidemic; The epidemic situation has a rebound trend; Market competition intensifies.
