Sinomag Technology Co., Ltd. was established in January 1998 with the registered capital worth RMB 45 million yuan, and RMB 250 million yuan’s worth of total assets. Having two wholly-owned subsidiaries, Anhui General Magnet Co., Ltd and Shanghai Sinomag Electron Co., Ltd., the company is ranked among the country's largest manufacturers of permanent magnet of hard ferrite.
 
Mainly engaged in the research, production and sales of permanent ferrite electronic components, the company has the annual output of over one million tons. The products are widely applied to such fields as automobiles, household appliances, motorcycles, stereos, power tools, fitness equipment, to name a few. More than 70 percent of the products are sold abroad, principally to countries and regions like Europe and America, Korea, Japan, Taiwan with the main customers from the world's leading professional companies or the world's top 500 enterprises.
 
In 2004, the company was certified by the ISO/TS16949: 2002 global manufacturing quality management system. The establishment of the research institute specialized in the development and application of magnetic materials endows the company the sustainable capacity of independent research and technological innovation.
 
The company has been adopting "market-leading, technical support, scale economy" as marketing strategy and taking “high-quality, standardization and consistency" as the manufacturing logo with the objective of striving hard to create value, to enhance the service quality and to make contribution to society.