Hunan Boyun Dongfang Powder Metallurgy Co., Ltd. was founded in 1994 by the Institute of powder metallurgy of Central South University of Technology (now the research center of powder metallurgy engineering of Central South University) and Hunan Yinzhou Co., Ltd. (now the wholly-owned member company of China Dongfang asset management company, Bangxin Asset Management Co., Ltd.),now it is the holding subsidiary of Hunan Boyun New Material Co., Ltd. (Stock Code: 002297), with a registered capital of 60 million yuan.The company is a national high-tech enterprise with Academician Huang Boyun, the top material scientist in China, as the chief scientist and honorary chairman of the board, integrating domestic and foreign talents and technological advantages, integrating production, learning, research and application, engaged in the research, development, production and sales of high-performance cemented carbide. 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)”.