DMEGC was founded in 1980, and the company was restructured in March 1999. It was successfully listed on the Shenzhen Stock Exchange in August 2006. The company is a National Technology Innovation Demonstration Enterprise underpinned by the twin drivers of "Magnetic Material & New Energy" .

DMEGC is the leading magnetic ferrite enterprise in China, the first PV module manufacturing enterprise in the world to obtain the low carbon footprint certification, and also a national green factory. Led by Hengdian DMEGC, the Dongyang magnetic industry cluster is known as the "Magnetic Capital of China".

DMEGC has presided over or participated in the formulation of 74 international, national, and industry standards, team standards. Hard Ferrite series of products were evaluated as "National Manufacturing Champion Products", and Soft Ferrite and key technologies, industrialization projects have won the second prize in the National Technology Invention Award, the second prize in the National Science and Technology Progress Award. Several PV products shortlisted for the national "Green Design Products" and awarded the world's first "Smart Module" certificate issued by TüV SüD, and the world's first multi-double stringent certification by TüV Rheinland.

The products are exported to more than 60 countries and regions, and have been awarded "Excellent Supplier" by Nidec in Japan, Samsung in South Korea, and other internationally famous enterprises, and has won Bosch's Global Best Supplier Award. DMEGC has been successfully shortlisted in Bloomberg's Tier 1 Global PV Module Manufacturers.