Dongyang Zhongzhen Permanent Magnet was established in 1992. It is a sintered neodymium iron boron permanent magnet enterprise that integrates production, operation, technical development, and information services. It has advanced modern production equipment in China.

        The company has passed ISO9001, IATF16949, and ISO14001 system certifications, with an annual production capacity of 3600 tons and a total sales revenue of 460 million yuan in 2021.

        The old factory site of the company is located at No. 27 Kexing Road, Hengdian Electronic Industrial Park, while the new factory site is located at No. 183 Jiangbin West Road, Hengdian Electronic Industrial Park. It now covers an area of over 33000 square meters and a building area of over 70000 square meters. There are currently 460 employees.

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