The company is an enterprise established on July 23, 1999 by Beijing Sanhuan New Materials Hi-Tech Co., Ltd., which belongs to the Chinese Academy of Sciences, as the main sponsor, and was listed on the China Shenzhen Stock Exchange on April 20, 2000. Zhongke Sanhuan continued the main business of Sanhuan Company, engaged in R&D, production and sales of magnetic materials and their application products. The company is mainly engaged in research and development, production and sales of rare earth permanent magnetic materials and new magnetic materials and their application products. The company's products include rare earth permanent magnetic materials and new magnetic materials and their application products. Honors received include: National Science and Technology Progress First Prize (1988), National 863 Industrialization Base (2000), National Certified Enterprise Technology Center (2006), Second Prize for National Science and Technology Progress (2008), Beijing Science and Technology First Prize (2008), the first batch of high-tech enterprises after the implementation of the National New Deal (2008), the first prize of the Beijing Science and Technology Award (2013), the first prize of the National Science and Technology Award (2013), the first prize of the China Rare Earth Science and Technology Award (2018) year) etc.