By the end of 2024, the company had secured over 100 invention patents in the field of rare earth permanent magnet materials through independent R&D, and had completed five National 863 Program projects. Its R&D initiatives have garnered two Second Prizes of the National Science and Technology Progress Award, one First Prize of the Zhejiang Provincial Science and Technology Progress Award, and five First Prizes of the Ningbo Municipal Science and Technology Award. The High-Performance Rare Earth Permanent Magnet Materials Industrialization Project was designated as a National Major Scientific and Technological Achievement Transformation Project, while the hard disk voice coil motor magnets were recognized as a National Manufacturing Single Champion Product.
As a major industry influencer, the company operates R&D, production, sales, and quality centers, alongside divisions for automotive transportation, consumer electronics, industrial motors, and bonded magnets. It actively develops markets across Europe, the Americas, Asia, and domestically, maintaining strategic partnerships with numerous globally renowned enterprises. Its products are widely applied across automotive, aerospace, information storage, mobile intelligence, industrial motors, servo motors, healthcare, white goods, and high-end audio sectors.
