The company is a large sized enterprise integrating scientific research, industry and trade. It is specialized in the research, development, production and sales of premanent magnetic ferrite materials. The Magnetic Material Research institute of the company is one of the earliest to research and produce permanent magnetic ferrite. Over 30 years, the company has developed a great deal of products that perfectly meet the needs of market with the company's powerful technical strength. The company has firstly developed?ofive categories and over 30 kinds of products to supply the market both at home and abroad. The efforts of the company have directly push ahead with the technical advance of domestic magnetic technology and promote the reasonable change of international market structure. Meanwhile, the company's own economic status is strengthed rapidly. Production capacity of the company has increased to an annual 60000 tons from the annual 2000 tons in 1980's. The annual sales value has been up to RMB 200 million. It has become a worldwide renowned enterprise with the largest effect in domestic magnetic field.

The company has experienced experimental research, research and production, industrialization. Up till now, the company has established ten ferrite premanent magnetic preburning materials production lines, 2 sintered magnet production lines and 2 adhesive magnet production lines.

For its perfect industrialization of technical results, the company was appointed to establish the State Research Center of Magnetic Material Engineering Technology (Material Center for short) in Jan. 1993. In Dec.1993, the company was checked and accepted by the state with excellent performance. It became the center and resource to develop, promote and industrialize the magnetic materials of our country. Apart from five technically cooperative factories, the company takes great efforts to bring out new and advanced products with its industrial central net. It is the council member of the State Trade Center of Magnetic Material and Device, the member of Technical Committee of Standardization for Magnetic Parts and Ferrite Materials, as well as the member of editorial committee of Magnetic Materials and Devices.

To normalize the production of magnetic materials of our state and to shorten the gap with the world level, the company has framed three trade standards under the appoint of Ministry of Electronic Industry. The standards made by the company are being carried out all over the country.

All the production technology and equipment are made by the institute itself. The institute own the intellectural rights on selection and use of raw materials, proportioning and control of technical condition. In recent years, ferrite permanent magnetic technology of the company has been applied and promoted widely.