ZYS was originally established as a governmental Bearing Research Institute in 1958, but is now publically owned and listed on the Shenzhen stock exchange.

During the past 57 years ZYS has designed, developed and manufactured special precision bearings for China\'s aeropace, spaceflight, satellite, army, navy, railway and nuclear industry for which they received many patents and national awards. In addition ZYS produces top quality bearings for the following industries: wind turbines, machinery, machine tools, medical components, automotive, mining, construction etc. The full range of bearings they produce are too numerous to mention, but full details will be given on request.

The following Science and Technology institutions fall under the responsibility of ZYS:

- China National Technical Committee for Rolling Bearing Standardization.
- China Secretariat of ISO\'’s Technical Committee for Rolling Bearings.
- Technical Committee of China Bearing Industry ...[More] China National Quality Supervision and Testing Center for Bearings.
- China National Accreditation Laboratory Centre for Bearings.
- China Bearing Industry Professional Skill Appraisal Centre.
- China National Research Center for High-Speed Precision Bearings.
- China National Laboratory Centre for Bearings of Earth Pressure Balance Shield (TBM\'s).
- China National Patent Exchange Centre.
- China Post-Doctoral Scientific Research Centre for Bearings.