The company was formerly known as Luoyang bearing research institute, which was founded in 1958 and was the only first-class comprehensive research institute in China bearing industry. As it became one member of China National Machinery Industry Corporation in 1999, the former institute was transformed into the science and technology enterprise. Then Luoyang Bearing Science & Technology Co., Ltd. Was established in 2001. Having completed strategic restructuring, it became a science and technology listed company which was regulated as a whole. It was listed at Shenzhen Stock Exchange with stock code 002046 in 2005.
The company has achieved 864 scientific payoffs in total, among which there are 31 national awards including National Invention Award and National Science and Technology Progress Awards, as well as 219 provincial and ministerial science and technology achievement awards. The company has built a series of standard systems for spindle unit products in machine tool industry and for national military bearing. The standards of military bearings for aviation, spaceflight, navigation, nuclear industry and other military uses have also been formulated. We have the authorized patents 499 items. These scientific payoffs and high-tech products stimulate technology progress in China bearing industry, promoting extensive application in bearing industry, national defense and national economic construction.
The company has a strong strength of manufacturing high-precision and high-reliability bearings and relevant parts. The "high-tech, precise, cutting-edge, specialized and special" bearing products have been widely applied to aviation, spaceflight, navigation, machine tool, wind turbine generator, metallurgy, petroleum, chemical, medical treatment, rail transport, automobile, textile, and other fields.
The following Science and Technology institutions fall under the responsibility of ZYS:
China National Technical Committee for Rolling Bearing Standardization.
China Secretariat of ISO/TC4(Technical Committee for Rolling Bearings).
Technical Committee of China Bearing Industry Association.
China National Quality Supervision and Testing Center for Bearings.
China National Accreditation Laboratory for Bearings.
China Bearing Industry Professional Skill Appraisal Centre.
China National Research Center for High-Speed Precision Bearings in Machinery Industry.
China National Laboratory for the Bearings of Tunnel Boring Machines.
China National Patent Exchange Center.
China Doctoral Scientific Research Centre for Bearings.