Zhejiang Zhongzhen Permanent Magnet  was established in 1992 and is located at 183 Jiangbin West Road, Hengdian Town, Dongyang City, Jinhua City. The existing standard production factory covers an area of over 33000 square meters and a building area of over 70000 square meters. It is a sintered neodymium iron boron permanent magnet enterprise that integrates production, operation, technological development, and information services. It has advanced modern production equipment in China and independent and complete machining and surface treatment production lines.

Passed IATF16949, ISO9001, ISO14001, and ISO45001 system certifications, with an annual production capacity of 2200 tons and a total sales volume of 460 million yuan in 2021.