Since being founded in 2004, Ningbo Co-star Materials Hi-Tech Co., Ltd. has been specialized in R&D and production of rare earth permanent magnets and assemblies, and is one of the few that produce both SmCo and NdFeB magnets. Through 8 years’ great-leap-forward development, now Co-star owns two plants: one plant is for SmCo production, which covers an area of 12000 square meters including an area of 8000 square meters of factory building; the other plant is for NdFeB production, which covers an area of 24500 square meters including an area of 11600 square meters of the first phase factory building. Due to the advanced producing, machining and testing equipments equipped, it has annual production capacity of 800 tons of SmCo and 1200 tons of NdFeB, its fixed asset value exceeds RMB 60 million, and the turnover has been exceeding RMB 100 million for several years. Integrity, innovation, and forward-looking are the foundation for building the company.Since being founded, Co-star has been following the guideline of being virtuous, sincere and trusty to manage the enterprise and market. Since being founded, Co-star has been taking the independent and collaborative innovation as the strategy of technology innovation. Co-star strengthens the ability of independent innovation by increasing the inputs on technical innovation, bringing in high level technology talents and combining the market demands. What’s more, through the cooperation with the research institutions such as The Chinese Academy of Sciences, Ningbo Materials Technology and Engineering Institute, etc, Co-star improves the ability of researching and developing high-end products.