The hardware industry needs to pay attention to these key points this year

In 2022, enterprises need to focus on, first of all, under the circumstance of increasing uncertainty in the external social and economic environment, reasonably and correctly judge the future situation to ensure the steady development of enterprises.
The Central Economic Conference in 2021 pointed out that under the impact of the global epidemic, the complex and severe external environment and uncertainty are increasing, but the fundamentals of China's long-term economic development will not change. From the perspective of the hardware industry, stabilizing exports and promoting domestic sales are the prerequisites for the stable operation of the industry. Adhering to innovation, high standards, high quality and high efficiency, broadening channels and building brands are the only way to sustainable development.
Consolidate and strengthen traditional export advantages and actively expand emerging markets. In 2020 and 2021, the export of hardware products industry experienced a transition from bottom to recovery growth to retaliatory growth. However, since 2021, due to the sharp increase in raw materials, the profit level has dropped significantly compared with that in 2020, and the company has fallen into a situation of large increase in orders but small or even unprofitable profits.
The Regional Comprehensive Economic Partnership Agreement (RCEP) came into force on January 1, 2022. As a modern, comprehensive, high-level and mutually beneficial free trade agreement covering 29.7% of the world's population and 28.9% of its GDP, the birth of the largest free trade zone will inject new momentum, new growth opportunities and global economy into the Asia-Pacific region. It will also further release the advantages of China's hardware manufacturing industry. Industry enterprises must seize this major opportunity and actively seek new breakthroughs and growth points.