Founded in 1915, it is a supplier of clocks and spare parts, the origin of China's mechanical clockmaking, and a large-scale mechanical clock production base in China and a complete variety in the world
In 1915, Mr. Li Dongshan, a national industrialist, founded Baoshi Timepiece Factory in Yantai, which became the origin of China's mechanical clockmaking, and the product was registered as the "Bao" word trademark, and in 1959, an international trademark "Polaris" was registered, which was officially opened in 1960. In the past ten years, Polaris has successively won a series of honorary titles such as China's first batch of "well-known protection", "China's famous brand products", "export famous brands cultivated and developed by the Ministry of Commerce" and "China's time-honored brand", and has made outstanding contributions to local economic development.
After nearly 100 years of continuous development and development, Polaris has strong technical development and strong mechanical, electronic, wood processing capabilities, can produce and process clocks and parts on a large scale, and is the only processing and manufacturing enterprise in China with comprehensive production capacity of clocks and watches and complete supporting facilities and complete varieties. The main products are mechanical clocks, watches, quartz clocks, technical clocks 4 product plates, as well as gemstones and elastic components 2 supporting products, among them, mechanical clocks have formed eight series of hundreds of varieties, can be called China's "bell king", its exquisite manufacturing technology in the domestic industry in a leading position, is so far the largest in China, the world's most complete mechanical clock production base.
In order to meet the needs of market competition, in 2001, Yantai Polaris State-owned Holding Co., Ltd. was established, and the three-step strategy of "closing down a group of bankruptcy, restructuring and integrating a group, and strengthening and expanding a group" was adopted to promote Polaris to gradually shift from focusing on solving problems left over from history to accelerating the development of enterprises. At present, the first two steps are basically completed, in the specific implementation process to actively lay the foundation for the development, through the investment and reorganization of the holding company, the establishment of Yantai Polaris CITIC Machinery Co., Ltd., Yantai Polaris Quartz Clock Co., Ltd., Yantai Polaris Watch Industry Co., Ltd., Yantai Polaris Watch Research Institute Co., Ltd., Yantai Polaris Ronghua Clock Co., Ltd., Yantai Seagull Watch Co., Ltd., Yantai Polaris Huajing Gem Co., Ltd., Yantai Polaris Timing Instrument Co., Ltd., Yantai Polaris Elastic Element Co., Ltd., Sino-French joint venture Yantai Polaris High-base Time Synchronization Technology Co., Ltd. and other subsidiaries. For a period of time to come, we will focus on speeding up the implementation of the third-step strategy, take development as the theme, accelerate the transformation of the mode of economic growth, and focus on the three adjustments of "organizational restructuring, market restructuring, and product restructuring."
At the end of 2009, in order to give full play to the advantages of Polaris clockmaking and build a century-old brand, Polaris reorganized the resources for the production of clocks, including mechanical clocks, quartz clocks, technical clocks, etc., and established Yantai Polaris Co., Ltd., which further optimized the organizational structure and resource allocation of Polaris, improved the economic benefits of the enterprise, and created conditions for promoting the transformation of Polaris into a high-tech enterprise.
At the beginning of 2012, the municipal government has determined that it will focus on supporting the revitalization and development of the old brand of Polaris, and the relevant departments are formulating a brand revitalization plan and taking a variety of measures to accelerate the pace of development. In accordance with the overall deployment and requirements of the municipal government, Polaris will accelerate the pace of reform and restructuring, focusing on the further reorganization and optimization of resources such as mechanical clocks, watches, technical clocks and quartz clocks, and deepen structural adjustment To achieve leapfrog development, promote Polaris to move forward to the ranks of world brands, and build Polaris into a world-class brand.
