Liaoning Watch Factory, the predecessor of Peacock Watch Industry (Group) Co., Ltd., was founded in 1957, which is the main base of mechanical watch production in China.

From Qianjin Watch in the 1950s, Liaoning Watch in the 1960s, Red Flag Watch in the 1970s, and Peacock Watch, which was famous all over the country in the 1980s, they not only made outstanding contributions to the development of China watch industry, but also added a touch of beauty to the scarce material life at that time.

After more than half a century's development, enterprises have gradually formed a complete production system of mechanical watches from parts production to assembly.

Modular production of movement design and development has been formed, including: escapement mechanism, transmission system, power system, automatic mechanism and multifunctional system. Mainly processing and manufacturing mechanical watch parts, hairsprings, clockwork, gems, shock absorbers, movement and assembled watches.

Enterprises introduce high-end watchmaking equipment from abroad, which also has flexible advantages in mold manufacturing, tool manufacturing and equipment transformation. It is one of the few mechanical watch manufacturers in China that integrates innovation, R&D and manufacturing.