Hengdian Group DMEGC Magnetics Co., Ltd. was founded in 1980. It is the rotating chairman unit of China Electronic Components Industry Association. It is a high-tech enterprise with two major industries: magnetic materials + devices and photovoltaic + lithium batteries. It was established in Shenzhen Securities in August 2006. Listed on the exchange.

The company is currently the world's largest permanent magnet ferrite manufacturer, the world's largest soft magnetic material manufacturer, a solar energy manufacturer that has obtained the domestic leader certificate, and one of the world's major vibration motor manufacturers. It has been ranked as the largest taxpayer in Dongyang City for more than 20 consecutive years. In the field of magnetic materials, presided over or participated in the formulation of more than 20 international, national, industry standards, team standards, and alliance standards. The "Ferrite Permanent Magnet Components" series of products won the "National Manufacturing Single Champion Product", and the "Power Type High Frequency, Wide Temperature and Low Power Consumption Soft Ferrite Key Technology and Industrialization" project won the second prize of the 2019 National Science and Technology Progress Award. prize.