Water Tower Research Publishes Initiation of Coverage Report on ZJK Industrial Co., Ltd., “High-Growth and Profitable Global Fastener Play”

March 10, 2026, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on ZJK Industrial Co., Ltd. (NASDAQ: ZJK) titled, “High-Growth and Profitable Global Fastener Play”. The report can be accessed here.

ZJK Industrial Co., Ltd. is a Shenzhen, China-based precision metal parts manufacturer that specializes in high-performance fasteners and structural components used in AI infrastructure, new energy vehicles, mobile devices, aerospace, medical devices, solar applications, and advanced electronics. The company has developed a niche in producing highly customized, mission-critical components that require tight tolerances, consistent quality, and scalable manufacturing. Through its subsidiaries, ZJK designs and manufactures precision metal parts using a vertically integrated production model that includes CNC machining, stamping, molding, surface mounting technology (SMT), physical vapor deposition (PVD), and integrated assembly.

ZJK operates five manufacturing facilities—four in China and one in Vietnam—and employs more than 700 people across a fleet of more than 2,100 machines. In 2025, the company produced 8.7 billion metal components, including screws, nuts, bolts, and stampings, generating estimated revenue of $55 million. ZJK has long been a trusted supplier to multinational customers and multiple media reports have indicated the company is working closely with a global leader in AI computing on liquid-cooling connectors used in high- performance computing and data center environments.

ZJK’s value proposition focuses on its ability to deliver customized, high-precision components at scale while maintaining cost competitiveness and extremely high quality. The company offers more than 10,000 standard products and ~8,000 customized products, supported by a vertically integrated manufacturing model that reduces reliance on third-party suppliers and enables rapid iteration alongside customers during product development cycles. To support future growth, ZJK recently announced a collaboration with Chaince Digital Holdings for a US- based manufacturing and R&D facility.

ZJK has been delivering strong top-line growth, expanding gross and operating margins, with consistent profitability, driven largely by a shift toward higher-precision products and increased use of automation. Despite this performance, the company trades at a meaningful discount to global fastener peers. Based on our estimates, ZJK trades at 1.0–1.5x forward EV/Revenue (2025E–2028E) and 4–8x forward P/E, well below larger, more established peers such as Fastenal, Stanley Black & Decker, and Illinois Tool Works.

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