Hunan Kemeda Electric Co., Ltd. was established in 1997 and is mainly engaged in the research and development and manufacturing of industrial magnetic equipment, rail transit equipment and high-power intelligent coiling equipment. The company's start-up personnel and early technical backbones are all from the former state-owned Yueyang Crane Electromagnet Factory. In 2010, the company acquired the land, factory buildings and equipment assets of the former state-owned Yueyang Crane Electromagnet Factory, and resettled most of the laid-off workers of the state-owned enterprise to re-employed. At present, the company is a leading enterprise in Yueyang's electromagnetic and magnetic equipment industry chain, a national quality benchmark enterprise, a national small giant enterprise, a national electromagnetic industry R&D and design center, a high-tech enterprise in Hunan Province, a software enterprise in Hunan Province, and a certified enterprise technology in Hunan Province The center, Hunan Magnetic Intelligent Carrier Engineering Technology Research Center, Hunan Science and Technology Innovation and Entrepreneurship Team, Bank Credit A+ Enterprise, and Tax A-level Enterprise, has undertaken two National Torch Plan projects and one innovation fund project.

The company has a total assets of 1 billion yuan, a standardized factory building of 90,000 square meters, and currently has nearly 800 employees and 180 technical personnel (including many industry technical leaders, special allowance experts of Yueyang Municipal Government, and outstanding engineers of Yueyang Baling City). 68 patents (12 invention patents), 6 software copyrights, passed ISO: 9001 quality system certification, EN15085 rail transit welding quality system certification, products have passed the EU CE and North American CSA certification, for Baowu Steel, Iron and Construction Heavy Industry, More than 2,400 customers around the world, including CRRC Group, China Shipbuilding Group, Chinese Academy of Sciences, etc., provide products and services, covering industries such as steel and metallurgy, rail transit, and engineering machinery, and are sold to nearly 50 countries and regions such as the United States, Japan, and Brazil. The company's electromechanical equipment manufacturing capabilities are at the forefront in northern Hunan. It has more than 500 sets of high-end advanced equipment such as large CNC boring and milling machines, CNC lathes, CNC deep hole drilling and boring machines, machining centers, heat treatment and surface treatment, and is China Iron and Steel. One of the main supporting processing units for large underground construction equipment such as shield machinery of Construction Heavy Industry Group Co., Ltd.