The company is a national high-tech enterprise jointly recognized by the Ministry of Science and Technology and the Chinese Academy of Sciences, and is also a key high-tech enterprise recognized by the Beijing Municipal Science and Technology Commission. The company was founded in December 1998. In May 2000, the company completed its listing on the Shenzhen Stock Exchange. The company's main business is R&D, production and sales of new advanced metal materials and products. The company's main products include refractory tungsten and molybdenum deep processing products, special atomization and milling, superhard materials and tools, metal injection molding, rare earth permanent magnet materials and products, amorphous nanocrystalline materials and devices, high-performance traditional high-speed steel, powder high-speed steel, jet high-speed steel, advanced metal filtration materials, equipment and solutions. Corporate honors: The company has been awarded honorary titles such as “Advanced Collective of Central Enterprises” by the State Council's State-owned Assets Administration Commission and the Ministry of Personnel; “Capital Spiritual Civilized Unit”; continuously selected as “Zhongguancun Science Park Haidian Park Top 20 Economic Enterprises” by the Beijing Haidian District People's Government; and has been awarded the title of “Trustworthy Enterprise” in Beijing over the years.
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