Established Ningbo Daxie Development Zone Yinxin Magnetic Industry Co., Ltd. The factory was relocated to Ningbo Daxie Development Zone, where a new plant was constructed, covering a land area of over 25,000 m² and a building floor area of more than 20,000 m².

Established an affiliated electroplating company in Zhenhai District, Ningbo, with a plant area of 33,000 m² (50 mu) and an annual output value exceeding RMB 500 million. In the same year, the company partnered with an internationally renowned high-tech corporation and became the first tier‑1 supplier in the magnetic materials industry.

Obtained ISO/TS16949 quality management system certification. Also passed the certification as one of the first batch of clean production enterprises in Ningbo City and received Grade III certification for national standardized production enterprises.

Passed ISO14001 environmental management system certification.

Completed the automation upgrade of electroplating production lines, which was the first of its kind in China. This upgrade improved production efficiency and product quality, and promoted the level of automated production within the industry.

Among the first in the industry to introduce automated inspection equipment for the appearance and dimensions of NdFeB products, driving lean quality control in the sector.

Successfully developed N55 series high‑performance NdFeB magnetic materials. At the same time, the company was among the first in the industry to introduce automated magnetizing and packaging equipment, improving production efficiency and meeting potential customer expectations.

Implemented an automated technical renovation project for forming presses, raising the level of automated forming production.

Obtained three national invention patents. In the same year, completed the construction of four automated electroplating production lines in Zhenhai.

Received the National High‑tech Enterprise Certificate. In the same year, five automated electroplating production lines in the Zhenhai workshop went into operation.

Built a multi‑line processing workshop. In the same year, six automated electroplating production lines in the Daxie workshop were upgraded and put into production.

Completed and put into operation nine fully automated intelligent electroplating production lines in Daxie, along with supporting water and gas treatment facilities and automated chamfering devices.

Obtained ISO45001 system certification early in the year. In June, passed the expert group acceptance for the “Automated (Intelligent) Production Line Renovation Project for Surface Treatment of Rare‑Earth Permanent Magnet Materials.” In September, received the National Military Standard (GJB) certification. In December, passed the re‑examination for High‑tech Enterprise status and received the “Zhejiang Made” certification mark.

Recognized as a Provincial High‑tech Enterprise Technology R&D Center; listed on the Growth Board of Ningbo Equity Trading Center.

Included in the management sequence of Provincial Enterprise Research Institutes; products were selected into Ningbo Municipal Quality Products, Zhejiang Province’s “Two New” (New Technology & New Product) major scientific and technological achievements, and Zhejiang Province’s advanced technological innovation achievements.

Won the second prize in the Tungsten and Rare Earth category of the 14th China Innovation and Entrepreneurship Competition; won the third prize in the 11th “Maker China – Zhejiang Good Projects” Zhoushan SME Innovation and Entrepreneurship Competition; and was recognized as a Municipal Key Enterprise Research Institute.