Reasons for the decline of Nanyang explosion-proof factory

Market changes, backward technology, etc.

Market change: With the change of market demand, the demand for explosion-proof products drops, which makes it difficult for Nanyang explosion-proof factory, which was originally profitable, to sell.

Backward technology: the explosion-proof industry is a technology-intensive industry. Nanyang Explosion-proof Factory has not kept up with the development of the industry in technology, and has not introduced newer and higher-performance products, which will lead to a decline in competitiveness.