YANTAI POLARIS SRATE-HOLD CO., LTD was approved by Yantai People's Government to be built on May 29, 2000, and it was business registered formally on September 29, 2001; mainly deals in its state-owned asset, and deals with asset recombining, asset leasing, purchasing at the same time, it is affiliated with Yantai Polaris Timepiece (Group) Co., LTD, it is one organizing form of Yantai state-owned timepiece industry in the new situation.

Yantai timepiece industry was firstly established in the beginning of the twentieth century. In 1915, national industrialist Dongshan Li invested 25000 silver yuan, purchased German equipments, and established Baoshi Timepiece Factory in the Chaoyang Street in Yantai, it specialized in manufacturing wall pendulum clocks and grandfather pendulum clocks, its registered trade mark “Bao” became the inchoation of our country's mechanical clock manufacturing. After foundation, the factory tried to manufacture the first batch of pendulum clocks by three years of production preparation. At the end of second decade of last century, our country launched a campaign to boycott Japanese goods, the factory took the advantage to present banner of “domestic goods are of choice”; depress the price; offer the promise of “guarantee for ever”, it competed with Japanese pendulum clocks of Chinese market, and won the market gradually, and eventually extruded Japanese pendulum clocks from Shandong and northeast market, the companies were developed in the competition. In 1931, Baoshi Timepiece Factory and Deshunxing Hardware Shop set up by Dongshan Li were incorporated into Deshunxing Timepiece Factory. The factory ever had more than 500 employees, and had the annual output of pendulum clocks 55000 pieces. From 1927 to 1933, some technicians that separated from Baoshi Timepiece Factory set up one after another Yongkang Timepiece Company, Shengli Timepiece Factory, Yongye Timepiece Factory, Ciye Timepiece Factory. The year of 1934 is the height of Yantai clock manufacturing; there were more than 2000 employees in the five timepiece factories. 160000 pendulum clocks and alarm clocks were manufactured altogether. Pendulum clocks made in Yantai were sold well all over our country, and exported to the Southeast Asia and Hong Kong, repeatedly won diplomas at exhibitions of domestic products. From the very beginning of the third decade of last century, timepiece technicians in Yantai began to establish new factories in Tianjin, Qingdao, Shenyang, Dandong, Shanghai, Beijing, etc. In 1937, the sixth clock factory named Renchang Timepiece Factory was opened, but Yantai clock manufacturing industry began to decline from then because of the war against Japan. Yantai was liberated the second time in 1948, there were only three timepiece factories left including Deshunxing, with less than 100 practitioners and the annual production of only several thousand pieces.