Start-up Stage

Establishment of Ningbo Oriental Movement Factory; First-generation YB1 music box successfully prototyped.

Ningbo Yunseng (Group) Co., Ltd. was established.

First Merger of a State-Owned Enterprise—Ningbo Measuring Tools Factory No. 1

Growth Stage

First foray into the new industry of rare earth permanent magnet materials

The R&D team is tackling the project.

Yunsheng Tower Completed

Breakthrough Stage

Ningbo Yunseng shares listed on the Shanghai Stock Exchange

Establish a production base for rare earth permanent magnet materials in Baotou

Establish a “Postdoctoral Research Station”

Re-breakthrough Stage

Yunsheng Gymnasium Completed

The “Compact Spinning” project was awarded the Second Prize of the National Technology Invention Award.

Research and development of electric vehicle motors and controllers

Stabilization Stage

Acquisition of Nissho Electric Industrial Co., Ltd. of Japan

Yunsheng Technology Industrial Park 6 Groundbreaking Ceremony

Corporate Culture Implementation Agreement Signing

Mature Stage

Hosting the inaugural “Yunsheng Cultural Festival”

Donated emergency medical equipment worth millions to frontline COVID-19 response teams at local hospitals in Ningbo

“3.0 Yunsheng Culture” Officially Launched

Groundbreaking Ceremony Held for Baotou's 15,000-Ton-Per-Year High-Performance Rare Earth Permanent Magnet Materials Smart Manufacturing Project

Preside over the National Key R&D Program Special Project

Recognized as a “National Leading Enterprise” in the field of rare earth new materials