JPMF was established in July 1975. Through more than 20 years' hard work, especially after turning over to be a staff shareholding enterprise in 1994, JPMF has been developing fast, from a small factory with annual output of 300,000 (RMB) to a well-known magnetic material producer all over the world.00JPMF continuously extends to hi-tech zone, combining self-development and cooperation with colleges in scientific research, launching R&D of new material and new product, in a goal to keep the leading position in the same trade. JPMF is the largest producer of hard ferrite motor arcs all over the country, and the output of its main products, hard ferrite motor arcs occupies 60% of that of the same trade. The product property and quality always goes first in China. The production scale and product quality of soft ferrite cores, Bond Nd-Fe-B magnets is also in the front position in China, as well as the newly-developed micro oil impregnated bearings and injection plastic magnets. The latest products, precise spark machine and injection machine produced with Taiwan TMC jointly can compare to the famous brand in the world. The annual sales amount in 2002 is 342 million RMB (higher by 38% than last year), among them, the export amount is 26.25 million US dollars ( higher by 46% than last year). The products are mostly exported to Hongkong, USA, Japan, Taiwan and Europe. Good appraise is received from customers.00JPMF achieved ISO9000 certificate in 1999 and is in the process to acquire QS9000. JPMF is the hi-tech enterprise in Guangdong province and is one of the Chinese 100 strongest electronics enterprises(positioned No. 40).