Hunan Boyun-Dongfang Powder Metallurgy Co., Ltd.（the company name abbreviation：PM）was founded in 1994 by the Powder Metallurgy Institute of Central South University of Technology (now the Central South University Powder Metallurgy Engineering Research Center Co., Ltd.) and Hunan Yinzhou Co., Ltd. (now Bangxin Asset Management Co., Ltd.,which is a wholly-owned member company of China Orient Asset Management Corporation),now it is a holding subsidiary of Hunan Boyun New Materials Co., Ltd. (Stock Code: 002297), with a registered capital of CNY 307.298955 million. PM is a high-tech enterprise specializing in high-performance cemented carbide’s R&D, production and sales. Academician Huang Boyun who is a top material scientist in China is PM’s chief scientist and honorary chairman. PM has many Chinese and overseas talents and top-class technological advantages, integrating production, teaching, research and application.The member of China Tungsten Industry Association, China mold industry association, China machinery industry metal cutting tool technology association.
 
With strong support from Central South University, State Key Laboratory of Powder Metallurgy, National Engineering Research Center of Powder Metallurgy, Quality Supervision and Inspection Center of Powder Metallurgy Products of Chinese Nonferrous Material Industry , the Company has played leading role in three projects of “National High Technology Research and Development Program(863 plan)”.