At present, Beijing Beiye Functional Materials Corporation possesses over 500 million CNY assets and about 800 employees with an area of 208,000 square meters. Beiye is largest significant base in China specialized in the scientific research,trial manufacture and production of metalic functional materials. Beiye is at the domestic advanced level in R&D, trial manufacture and production of soft magnetic alloys, semi-hard and hard magnetic alloys, elastic alloys, controlled expansion and glass sealing alloys, bimetals resistance alloys, superalloys, special stainless steel and components. Many new materials have filled domestic market blanks and reached international standards. In 2009, Beiye was evaluated as National High-tech Enterprise. Beiye has been equipped with air induction furnaces, vacuum induction melting furnaces, electro-slag re-melting furnace and other smelting devices; advanced 1,000-ton fast forging machine, slab grinding machine and hot rolling band production lines, four-high cold rolling mills, twenty-high cold rolling mill,horizontal and vertical continuous bright annealing furnaces, strip polishing machine and other advanced strip production equipments, soft magnetic core production line, and advanced physical and chemical inspection devices. As a result, a relatively complete system for scientific research, innovation and production including smelting, forging, hot rolling and cold rolling for specialty alloys manufacture has been formed, Meanwhile, Beiye also has an integrated managing system for R&D and quality control. Beiye has got the ISO9001 certificate since 2001.