Established in 2006, Nanjing CIGU Technology Corp., Ltd. is China’s first scientific and technological enterprise dedicated to developing its key technology - magnetic bearing - to develop and industrialize high-power and high-speed drive equipment as well as high-speed high-efficiency integrated fluid mechinery. All the key technologies applied by CIGU are achieved through independent innovation and R&D which own complete independent intellectual property rights. Up to now, CIGU has applied for 564 patents and 341 of them have been licensed (including 86 patents for invention, 250patents for utility model and 5 industrial design patents), as well as 19 licensed software copyrights. Since its founding in 2006, CIGU has always been adhering to its original aspiration – “creating a world without friction". So far, thousands of maglev equipment have been used nationwide efficiently as well as in some overseas countries and regions, which continuously save a large amount of electricity for customers and contribute to circular economy, energy conservation and environmental protection. On September 21, 2022, CIGU issued its first stock to the public and was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. The stock code is 688448.