Shenzhen Bawang Industrial Group Co., Ltd. was founded in 1988. The company focuses on the research and development and manufacturing of precision molds, precision electronics and precision watches, and its products are sold far and wide all over the world. After 30 years of development, the company has established two major production and R&D bases in Shenzhen and Yantai, and has steadily grown into a modern enterprise of considerable scale. In 2005, the "Bawang POWER" brand clock was awarded the title of "China's Famous Brand" product and was among the first batch of clock brands selected. In 2007, Bawang Industrial Group Co., Ltd. was awarded the title of "Leading and Backbone Private Enterprise" by the Shenzhen Municipal Government. The Bawang brand quartz clock won the first place in the quartz clock category of the "Golden Bridge Award" for the best-selling domestic product, which was presented by seven ministries and commissions including the State Economic and Trade Commission and the State Bureau of Technical Supervision. The Bawang brand quartz clock was jointly recommended by 48 large shopping malls across the country as the most popular light industrial product among consumers.