Zhenghai Group

Founded in 1990, Zhenghai Group is a key enterprise in Shandong province. Its business has expanded from simple color kinescope shaded cover products to rare-earth permanent magnets, new energy vehicle driving systems, electronic information, automotive trim, regenerative medicine, pawn finance, and real estate. Currently, the company has more than 3, 600 employees and over 10 subsidiaries, six of which are recognized as national high-tech enterprises, two listed companies, and two listed on the New Third Board. It also holds shares of two banks and one guarantee company. It has built a state-level enterprise technology center, a post-doctoral scientific research workstation, and nine R & D platforms. It has undertaken 15 key national research projects.

Zhenghai has achieved a lot over the past two decades, creating the Zhenghai Oxygen Free Process in the field of rare-earth permanent magnets, and has also be awarded the second prize for scientific and technological advancement for its "rare-earth permanent magnet industrial technology upgrading and integrated innovation" project. Its design and module development capacity in automotive trim sector ranks top in China and its market occupancy of ceiling and skylight sun shield products ranks first among its Chinese counterparts. Its mouth rehabilitation membrane product is the first choice for soft tissue repairing in oral and maxillofacial surgery. The company's sales network covers 1,500 hospitals all over the country, including 400 Grade A tertiary hospitals. As for the electronic information sector, the company independently developed the Metal Mesh technology, with the smallest grid line being 3μm, reaching the top level in the world. Zhenghai Pawn is a leading company in Yantai's pawn industry. The Zhenghai Building marked the company's entering into real estate industry. Located in Yantai's downtown area, the building resembles a "vertical sea" and exceeds the level of 5A office buildings.

Official website: www.zhenghai.com/