Shanxi Yinguang Huasheng Magnesium Industry Co., Ltd. was founded in 1988. It is the vice president unit of the China Magnesium Industry Association and the main enterprise of Shanxi magnesium-aluminum deep processing industry chain. It has 11 branches under its jurisdiction, covering an area of ​​1 million square meters and employees. There are 3,200 people, total assets of 1.3 billion yuan, and an annual production capacity of 65,000 tons of raw magnesium, 30,000 tons of magnesium alloys, and 50,000 tons of magnesium deep processing products.

In recent years, the company has thoroughly implemented the new development concept, adhered to innovation-led, digital empowerment, and green transformation, accelerated and increased efficiency in industrial transformation and upgrading, and had a strong momentum of high-quality development. At present, the company's seven deep processing production lines including die casting, extrusion, forging, rolling plates, casting have all achieved industrial production, forming a complete range of magnesium deep processing system, which has started to transform and upgrade the magnesium industry in the city, the province and even the whole country. It has achieved a demonstration and leading role.

The company currently has a nationally certified enterprise technology center, a national and local joint engineering center, and a postdoctoral research workstation. The Shanxi Magnesium-Aluminum Alloy Innovation Center will also be put into operation in the second half of 2021, further enhancing the company's technical R&D capabilities. The company has established industry-university-research and application cooperation relationships with more than 20 well-known scientific research institutes in China, and has successively undertaken more than 20 "863" and "973" and scientific and technological support and national defense and military industry plan projects, and has obtained 38 patents approved.

After long-term technological research and development and market development, the company has formed three major series of products: First, it has successfully advanced into the automotive field. Forged automotive wheel hubs and various die-cast automotive parts are mass-produced, and Yinguang products are steady in the automotive field, achieving a "win-win" with the majority of automobile manufacturers. Second, we have successfully advanced into the field of rail transit. The successful development of precision extruded profiles for high-speed rail and subways that are installed side by side has had a significant impact on the advancement of lightweight rail transit technology. The third is to successfully create 3C series products. We have successively produced computer boards, mobile phone frames and other products for domestic and foreign customers, greatly broadening the industrial chain.