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In 1993, Baotou Science and Technology New Technology Development and Application Research Institute was established, dedicated to the development and research of NdFeB application technology, and the production and sales of rare earth metals (釹);
In 1997, the company successfully developed the “Method for the manufacture of barium fluoride from NdFeB waste”; it was the first in the industry to overcome the problem of re-use of NdFeB waste head;
In 2001, in cooperation with Rhodia Rare Earth Company (France), the first research and development in the industry to produce niobium alloys and niobium alloys, and promoted the application in NdFeB manufacturing.
In 2002, Baotou Science and Technology New Technology Application Development Research Institute was renamed Baotou Branch Poly-Rare Earth Co., Ltd., which further enhanced the company's popularity, focusing on the R&D, production and sales of niobium alloys, niobium alloys and niobium alloys;
In 2008, following the national rare earth industrial policy, the company entered the rare earth industrial application park of the national rare earth high-tech zone, and established Baotou Shengyou Rare Earth Co., Ltd., and the “Rare Earth Alloy Project for Annual Production of 1000 tons of High Performance Rare Earth Permanent Magnet Materials” officially landed. The total investment of the project is 50.95 million yuan. Approved 13600 square meters of land, building factory buildings, warehouses, R&D centers and supporting facilities;

In 2012, the “Rare Earth Alloy Project for Annual Production of 1000 tons of High Performance Rare Earth Permanent Magnet Materials” was completed and officially put into operation;

In 2017, based on the existing technical capabilities, the transformation and upgrading of high-purity rare earth alloys for electric vehicles.