In 1979, He Tou Long Wire Drawing Factory was established in Yaoxi Industrial Park, Wenzhou

In 1992, Longwan Electromechanical Fastener Factory was established in Yaoxi Industrial Park, Wenzhou

In 2003, the company relocated to Dongyuan Industrial Park, Qingtian District, Wenzhou and established Zhejiang Yile Standard Parts Manufacturing Co., LTD

In 2009, Zhejiang Fangquan Automotive Fasteners Co., Ltd. was established in Haiyan, Zhejiang Province

In 2019, Obtained the IATF16949 certificate for the automotive quality management system standard and the GB/T19001/ISO9001 certificate for the management system standard

In 2020, the enterprise underwent shareholding reform and was upgraded to Zhejiang Fangquan Automotive Fasteners Co., Ltd. The company brand was upgraded and launched as YLB rivet nuts. It has been awarded honors such as National High-tech Enterprise

In 2021, It has been awarded the dual product three-character mark certification certificates for rivet nuts and pressed rivet nuts made in Zhejiang Province.

In 2023, it was awarded the Quality Award of Haiyan County Government, and the rivet nut for new energy vehicle battery packs won the Second prize for industrialization of Invention patents. Passed the reexamination of the National High-tech enterprise

In 2024, it was awarded the title of "Green Factory of Jiaxing City" and began to build an intelligent factory for high-end riveted parts