Yuyao Kangtian Bearing Co., Ltd., the predecessor of Yuyao City Bearing Factory, was established.

Yuyao Kangtian Bearing Co., Ltd. was officially established. The factory covers an area of 7,000 ㎡.

Yuyao Bearing Factory was formally restructured and split into Yuyao Bearing Factory and Yuyao Bearing Factory No. 2; Yuyao Bearing Factory No. 2 is owned by Yuyao Kangtian Bearing Co., Ltd.

Established the company's second wholly-owned factory - Ningbo Tengtian Bearing Co., LTD., and purchased a new plant in Yuyao Ergao Economic Development Zone, which covers an area of 8,000 ㎡.

Both factories have passed the 1SO9001:2000 quality system certification.

The introduction of senior technical personnel from various parties, and the establishment of a special R&D department to provide a strong technical backing for the development of the company.

For the first time, the annual production and sales of various types of bearings exceeded 35 million sets.

The company's registered trademark "Hemudu" and "HMD" was rated as Ningbo famous trademark by Ningbo Bureau of Industry and Commerce.

Yuyao Kangtian Bearing Co., Ltd. moved to the new factory located in Yuyao Zhangting Industrial West, the new factory area of 20,000 square meters, while the original heat treatment equipment, CNC grinding equipment, and automatic assembly line to upgraded and transformed, laying the foundation for the future development of the enterprise.

The registered trademark "Hemudu" and "HMD" were rated as a Ningbo Famous brand by the Ningbo Technical Quality Supervision Bureau.

After the examination of Zhejiang Province Work Safety Supervision and Administration, it has officially passed the acceptance of the national three-level safety quality standardization enterprises.

In order to better develop the business in South China, officially set up the South China Office.

Committed to new product development and technological innovation, and in October 2023, obtained a national invention patent.

Was assessed as a high-tech enterprise.