Founded in 1992, Penny is positioned to provide high-quality mechanical manufacturing services to its clients.

The company focuses on the research and development and manufacturing of core components for various equipment. For over 30 years, it has provided R&D and manufacturing services for non-standard mechanical parts for fields such as intelligent robots, biopharmaceuticals, food packaging, and medical devices. Through years of development and technological accumulation, the company has built a strong reputation in the industry. Due to its diligent work and honest service, the company has accumulated a large number of high-quality clients. The company's output value exceeded RMB 100 million in 2017, and contract sales reached RMB 169 million in 2023. Exports accounted for approximately 4.7% of total output value in 2023. Contract sales reached RMB 140 million in 2024, with exports accounting for approximately 5.6% of total output value. Contract sales are projected to reach RMB 148 million in 2025, with exports accounting for approximately 7.5% of total output value.

The Shanghai factory, with an investment of 35 million RMB, is located in the Lingang Manufacturing Park in Shanghai. The factory covers an area of approximately 9,000 square meters and employs over 120 people. It is equipped with a full range of equipment, including CNC machining centers, dozens of CNC lathes, imported wire EDM (WEDM-LS) machines, EDM machines, wire cutting machines, and ordinary turning, milling, grinding, and boring machines. It also has three fully automatic coordinate measuring machines, a projector, an ultrasonic measuring instrument, a metal analyzer, and a laser marking machine for testing and auxiliary equipment.

In 2017, the company invested 20 million RMB to establish a production base in Xuancheng, Anhui Province. The first phase of the factory covers an area of 7,500 square meters and is equipped with complete production and testing equipment. Trial production began in December 2018.