Hengdian East Magnetic was founded in 1980, and the joint stock company was restructured and established in March 1999. In August 2006, it was successfully listed on the Shenzhen Stock Exchange. It is a national technological innovation demonstration enterprise for “magnet+new energy” two-wheel drive development. The company is the rotating chairman unit of the China Electronic Components Industry Association, a leading enterprise in the national ferrite magnetic industry, the world's first batch of photovoltaic module manufacturers to obtain low carbon certification, and a national green factory. Dongyang Magnetic Industrial Cluster, led by Hengdian East Magnetic, is known as the “Magnetic Capital of China”. The company is mainly engaged in R&D, production, sales and one-stop technical solution services for products related to the two major industries of magnetic materials+devices and photovoltaic+lithium batteries. Magnetic material products mainly include pre-burners, permanent magnet ferrite, soft magnetic ferrite, plastic magnets, magnetic powder cores, amorphous nanocrystals, etc. Device products mainly include vibrating devices, hard alloys, inductors, EMC filter devices, etc. Corporate honors: Second prize for national technological invention, second prize for national scientific and technological progress, top 30 national private enterprise culture construction, national postdoctoral workstations, the first batch of “Operation Eagle” cultivation enterprises in Zhejiang Province, China Patent Excellence Award, etc.