HUNAN KEMEIDA ELECTRIC CO., LTD. was founded in 1997, and mainly engages in R & D, manufacture industrial magnetic equipment, rail transport products and superpower intelligent coiler. The company's start-up personnel and early-stage technical backbones were from the former state-owned Yueyang Lifting Electromagnet Factory. In 2010, the company acquired the land, plant, equipment and other assets of the former state-owned Yueyang Lifting Electromagnet Factory, and resettled most laid-off workers of the state-owned enterprise. KMD is a leading enterprise in Yueyang electromagnetic and magnetic equipment industry chain, National Quality Benchmark Enterprise, National "Little Giant" enterprise, National Electromagnetic Research & Development Center, Hunan Province High-tech Enterprise, Hunan Province Software Enterprise, Hunan Certified Enterprise Technology Center, Hunan Magnetic Intelligent Carrier Engineering Technology Research Center, Hunan Scientific and Technological Innovation and Entrepreneurship team, Bank Credit A+ Enterprise, Tax Grade A Enterprise, undertook two national Torch Program projects and one innovation fund project.

KMD's total assets of nearly RMB 1 billion Yuan, standard workshop of 90,000 square meters, staff 800, technicians 180(including many industry technical leaders, experts with special allowances from Yueyang Municipal government, and outstanding engineers of Baling, Yueyang) and have got 74 patents (12 invention patents) 6 software copyrights, have been certified ISO9001 certificate of Quality System, En15085 certificate of Rail Transit Welding Quality System. The products have certified EU CE and North American CSA certification. KMD has provided products and services to more than 2400 clients around the world, including Baowu Steel, China Railway Construction Heavy Industry (CRRC), China Shipbuilding Group, Chinese Academy of Sciences, etc., covering iron and steel metallurgy, rail transit, construction machinery and other industries, and has been exported to nearly 50 countries and regions such as the United States, Japan, Brazil and so on. KMD's mechanical and electrical equipment manufacturing capacity is in the forefront in northern Hunan, with more than 500 sets of advanced equipment such as large-scale CNC boring and milling machines, CNC lathes, CNC deep hole drilling and boring machines, heat treatment and surface treatment. It is one of the main supporting processing units of large underground construction equipment such as shield tunneling machines of China railway construction heavy industry group Co., Ltd.