The company was established in 2008 and utilises its own patented technology to manufacture radiation- and magnetic field-oriented sintered neodymium-iron-boron magnetic rings, which are widely used in fields requiring precision control, such as robotics, servo systems and automotive electronics. Headquartered in Shenzhen, the company operates production facilities in Jining and Changzhou. In 2026, Zhongxi Kechuang acquired a stake in Ruidamei, providing a significant boost to the company’s future development.