Reported 12 months ago
As the inventory destocking period for customers comes to an end, drill and fastener companies, Zuanquan and Liken, are seeing signs of order recovery and anticipate better performance in the second half of the year. With orders on hand for the next two to three months, Zuanquan expects revenue and profits to surpass last year, while Liken remains cautiously optimistic with orders on hand for about a quarter, reflecting a positive outlook on this year's operations. The companies attribute the improved outlook to a transition between old and new products and the revival of orders in the second quarter compared to the previous year.
Source: YAHOO