Yantai watch industry was founded in the early 2th century. In 1915, Li Dongshan, a national industrialist, invested 25, silver dollars to purchase German equipment, and opened the Baoshi Clock Factory in Chaoyang Street, Yantai, specializing in the production of pedestal and hanging pendulum clocks, and registered the trademark "Bao", which became the beginning of mechanical clock making in China. After the factory was established, the first batch of pendulum clocks were trial-produced in 1918 after three years of preparation for production. At the end of the 2th century, Zhong Factory seized the opportunity of the domestic boycott of Japanese goods, played the banner of "excellent Chinese goods", lowered the selling price, and promised "forever warranty". It competed with the Japanese pendulum clock that had occupied the China market for a long time, won the hearts of the people and the market, and finally pushed the Japanese pendulum clock out of the Northeast and Shandong markets, and the enterprise also developed in the competition. In 1931, Baoshi Clock Factory merged with Deshunxing Hardware Store founded by Li Dongshan to form Deshunxing Clock Factory. At that time, there were more than 5 employees in the clock factory, with an annual output of 55, pendulum clocks. From 1927 to 1933, the clock-making technicians separated from Bao Clock Factory successively set up Yongkang Clock-making Company, Sheng Li Clock-making Factory, Yongye Clock-making Factory and Ciye Clock-making Factory in Yantai. In 1934, when Yantai clock industry reached its peak, five clock factories employed more than 2, people, and * * * produced 16, pendulum clocks and alarm clocks. Yantai pendulum clock has been sold to major domestic commercial ports and exported to Southeast Asian countries and Hong Kong, and has won awards in domestic product exhibitions. Since the early 193s, Yantai clock technicians have successively set up new clock factories in Tianjin, Qingdao, Shenyang, Dandong, Shanghai and Beijing. In 1937, when the sixth clock factory in Yantai, Renchang Clock Factory, opened, the clock making industry in Yantai began to decline due to the outbreak of War of Resistance against Japanese Aggression. When Yantai was liberated for the second time in 1948, there were only three clock factories, including Deshunxing, with less than 1 employees and an annual output of several thousand clocks.

after liberation, the people's government gave great support to the clock making industry in Yantai. In 1953, the state brought watch production into a unified plan, and the watch products were underwritten. In 1954, three clock factories, including Deshunxing, successively implemented public-private partnership. In 1956, three clock factories merged with other iron works, and Yantai Clock Factory, a public-private joint venture, was established, with the registered trademark "Bao", which belongs to Shandong Industry Department. In 196, in order to meet the export needs, the trademark "Polaris" was registered and used. In the same year, Yantai Clock Factory was transformed into an enterprise owned by the whole people and renamed as Shandong Yantai Clock Factory, which was affiliated to Shandong Light Industry Department. In the following years, the watch factory not only expanded the production of pendulum clocks and alarm clocks, but also developed new products such as ship clocks, calendar pendulum clocks, pocket watches and watch quartz clocks. However, due to the constraints of production scale and organizational system, it is difficult for enterprises to develop greatly. The leaders of watch factories have been exploring the expansion of enterprises, but they have been shelved because of the outbreak of the "Cultural Revolution". At the beginning of the Cultural Revolution, the trademark "Bao" ceased to be used. In 1972, Yantai Watch Factory was placed under the jurisdiction of Yantai Light Industry Bureau by Shandong Light Industry Department.

at the beginning of p>1975, with the approval of the leading body of Yantai city, the watch industry in Yantai carried out professional production expansion —— taking the branches of Yantai watch factory as the main body, professional production factories such as wooden clock factory, alarm clock factory, watch factory and watch mold factory were established respectively. Later, it successively established a watch component factory, a watch case factory, a gem factory, a watch research institute, a watch material factory, a watch glass factory and a watch mechanic school, which are under the jurisdiction of Yantai Light Industry Bureau. In 1978, Yantai Watch Industry Company, a municipal bureau (branch) level, was established to administer 17 units of the watch industry. In 1984, with Yantai's "land reform", Yantai Watch Industry Company was promoted to a municipal bureau (county) level company. After the expansion of specialized production, especially with the deepening of national reform and opening up, Yantai watch industry has entered a stage of rapid development. In 1979, "Polaris" pendulum clock won the Silver Award, the highest award in the watch category, in the first national product quality award, and won this award again four years later. In order to meet the market demand for brand-name products, since the late 197s, wooden bell factory and alarm clock factory have spread some parts to more than 5 township enterprises in Jiaodong, employing nearly 1, people. At the same time, Muzhong Factory also cooperated with Weihai City and Fusong County of Jilin Province to jointly produce the "Polaris" pendulum clock. In 1986, the annual output of Polaris pendulum clocks was 1.53 million, 1 times that of 1974; The annual output of alarm clocks is 1.4 million, 2.6 times that of 1974; The annual output of watches is 9,; It was zero in 1974. In 1986, Yantai watch industry began to carry out large-scale technical transformation focusing on the Shi Ying of watches and clocks, and began to produce watches and clocks in Shi Ying.

in April, 1987, Yantai municipal government approved the establishment of Yantai Polaris Watch (Group) Company with the enterprises under the jurisdiction of Yantai Watch Industry Company as the main body. Yantai Watch Industry Company was revoked, and the group company was a first-class legal person, and all enterprises still retained the legal person status. The core enterprises of the Group are: Yantai Wooden Bell Factory, Yantai Alarm Clock Factory, Yantai Watch Factory, Yantai Gem Bearing Factory, Yantai Watch Component Factory, Yantai Watch Material Factory, Yantai Watch Mould Factory, Yantai Gem Factory, Yantai Watch Case Factory, Yantai Watch Glass Factory, Yantai Watch Research Institute and Yantai Watch Technician School. After the establishment of the group company, the unified marketing of watch products was carried out, and a lot of effective work was done in opening up domestic and foreign markets and promoting the brand of "Polaris". The marketing network of "Polaris" watches was established in more than two provinces and cities in China, and its sales volume and market share once ranked first in the same industry. In 1988, the Group achieved sales revenue of 37 million yuan and profits and taxes of 52.8 million yuan. However, due to the unreasonable internal system, enterprises became increasingly unable to adapt to market competition and stopped unified marketing in 199.