Zhejiang Innuovo Magnetic Industry Co., Ltd. Is a subsidiary company of Innuovo Technology Co., Ltd. (stock code 000795). It is a national high-tech enterprise integrating R&D, production and sales of magnetic materials. Over the years, it has made important contributions to the development of key materials in China's aerospace, mechanical instrumentation, medical equipment and other fields.

Innuovo Magnetics not only focuses on high-performance sintered NdFeB and bonded NdFeB rare earth permanent magnet products, but also provides valuable products for the new business field of military tungsten alloy. At present, the high-performance sintered NdFeB and bonded NdFeB rare earth permanent magnet products have an annual production capacity of 6, 500 tons, and the products are in a leading position in the domestic market.

Innuovo Magnetic Industry adheres to the brand concept of "No Innovation, No Future", and establishes R&D center with Zhejiang University, Ningbo Institute of Materials Technology and Engineering, China Iron and Steel Research Institute, and other research institutions. The rapid development of new products lays a solid foundation.