Founded in 2010, is a modern national high-tech enterprise specializing in the research and development, production, processing and sales of sintered NdFeB. The company has an annual production capacity of 3,000 tons, and its products are widely used in medical equipment, wind power generation, servo motors, electric energy vehicles, energy-saving elevators and other fields. The company covers an area of more than 30 acres and has more than 130 employees. In addition, the company has three wholly-owned subsidiaries and one holding subsidiary, with a total of more than 900 employees and a total annual production capacity of 15,000 tons. The company has passed the certification of IATF16949 automotive industry quality management system, intellectual property management system, ISO14001 environmental management system, and ISO45001 occupational health and safety management system, and is the "invisible champion" enterprise in Zhejiang Province, the "little giant" enterprise specializing in specialization, special and new "little giant" enterprise, and the single champion enterprise of Ningbo manufacturing industry. Relying on the support of the group's head office "Huahong Technology (stock code: 002645)", the company continues to increase investment in technological innovation, continuously improve the production process, and has set up academician workstations, research and development laboratories, testing and testing centers, the company has more than 100 inventions and utility patents, and has carried out in-depth technical exchanges and cooperation with the Ningbo Institute of Materials of the Chinese Academy of Sciences, the National Iron and Steel Research Institute, and a number of colleges and universities at home and abroad on the development and innovation of cutting-edge technology of magnetic materials.