Nanjing Liyuan Power Magnet (Group) Co., Ltd., whose original name was Nanjing Lishui Electronics Factory, has manufactured permanent ferrite tile-shaped magnets since 1979. Because of property right change, scientific and strict inside management, all of its economical aim improved every year at various degrees. At present, it is consisted of Nanjing Liyuan Power magnet (Group) co., Ltd, Nanjing Liyuan Power magnet (Group) co., Ltd Pre-burning Material Factory, and Nanjing Suqiang Numerical Control M&E Co., Ltd. (Nanjing Liyuan Power magnet (Group) co., Ltd Pre-burning Material Factory is a branch factory, and Nanjing Suqiang Numerical Control M&E Co., Ltd is a shareholding company. ) In the case of divided principle of property right and managing right, the company sets directorate with one president, one general manager, and three vice general managers who are the principals of the three branch companies.

The company owns assets of 81482400 RMB, (detail--- current assets: 43805700RMB, fixed assets: 32876800RMB, and other assets: RMB4799900Yuan. ) It has debt of 43830500RMB, (detail--- current debt: 39616500RMB, long-term debt: 4214000RMB, assets debt rate: 53.79%. ) Its pure assets values 37651900RMB. On shareholding members of directorate and general managers hold share by 59.74%, and managers, technique backbones and sale backbones hold other stocks.

For a long time, the company attaches importance to develop new products, adhere to the combining way of "manufacture, study, and research". In the late 1980s, with the cooperate of Nanjing University, it developed Sr-ferrite pre-burning material and magnets of Y30, Y30BH, Y35, which have been listed as new product appraisal plans of Nanjing. And passed the city grade appraisal organized by Nanjing Scientific Committee in November, and the item has been rated as state grade new product appraising plan and state grade torch item plan.

For improving products quality, buildup the enterprise market competition, the company has set up Technique Core in1999, and retained experts cooperated with company"s technical man to develop new products, and organized the research work of Y30-2 High performance permanent ferrite tegular magnets, and permanent magnet brushless servo motor and its driver.

In December 2001, Y30H-2 magnet has passed the producing confirmation appraisal by Nanjing Science and Technique Bureau, servomotor and full digital servo driver have passed the Nanjing producing confirmation appraisal by both Education Department and Nanjing Science and Technique Bureau. The company owns the three new products independent patent. In November 2001, the tegular magnets and permanent rare-earth brushless servomotor were concerned as Nanjing "High-technique Product" by Nanjing Science and Technical Bureau, and the company was regarded as "High-technique Enterprise".

In June 2002, permanent brushless servomotor and control system were cognized as the state major new product by Science and Technique Department. In July 2002, the servomotor was awarded two national patents by state patent Bureau.

In 2003, the permanent brushless servomotor has been listed in Torch Item by State Patent Bureau. In December 2002, "Siniao" magnetic material has been evaluated as the product with "Jiangsu qualified quality under supervision and inspection" by Jiangsu Quality Supervise and Inspected Association. In March 2001, Nanjing Industry and Commercial Administrating Bureau appraised the trademark "Siniao" as "Nanjing Famous Trademark". In August 2001, "Siniao" magnets were regarded as Nanjing product with trusted quality by Nanjing product quality supervised and inspected Bureau. Because of the up wards achievement, the company has received tax and fund support from the original foreign trade department and government of province, city and county, which had greatly abetted the company's continuous development.