The company is a national enterprise technology center jointly recognized by the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation. Mining and Metallurgy Technology Group Co., Ltd., the controlling shareholder of the company, is a large central enterprise directly under the State Council's State-owned Assets Administration Commission. The company currently has three wholly-owned subsidiaries, Beikuang Electromechanical Technology Co., Ltd., Beikuang Magnetic Materials Technology Co., Ltd., and Zhuzhou Torch Industrial Furnace Co., Ltd., which are mainly engaged in mining and metallurgical equipment business, Beikuang Magnetic Materials is mainly engaged in magnetic materials business, and Zhuzhou Torch is mainly engaged in non-ferrous metallurgical equipment business. The company uses an integrated business model of “R&D, production, sales and service” in both business fields of mining and metallurgical equipment and magnetic materials. The business scope of mining and metallurgy equipment mainly includes flotation equipment, magnetic separation equipment, grinding equipment, mixing tanks, mineral processing auxiliary equipment, automatic peeling units, metallurgical leaching tanks, environmental protection equipment, etc., as well as related automatic control, technical consulting, technical services, engineering contracting, etc., mainly providing products and services for basic industrial sectors such as steel, non-ferrous metals, rare metals, non-metallic ores, coal, environmental protection, chemicals and building materials; magnetic materials include sintered permanent magnet ferrite, injection molding pellets, magnetic recording materials, etc., magnetic materials such as rare earth permanent magnets, and permanent magnet magnetic devices, etc. ; To provide customers with technical services and contract energy management services related to the field of nonferrous metallurgy. Corporate honors: The company is a national enterprise technology center jointly recognized by the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation. Beikuang Magnetic Materials was approved as a high-tech enterprise in Zhongguancun, Fuyang Company was selected as the 2023 manufacturing industry champion training enterprise in Anhui Province, won the top 10 “specialized, special and new” enterprises in Fuyang City, and won the top 50 high-quality development brand enterprises in Fuyang in 2023. The company has successively undertaken many national projects and won many national and provincial scientific and technological honors, such as the second prize of the National Science and Technology Progress Award, the first prize of the China Nonferrous Metals Industry Science and Technology Award, and the China Nonferrous Metals Industry Science and Technology Award.