Zhiyuan Research Institute Co., Ltd. is affiliated with China North Industries Group (NORINCO Group). Located in Xihu District, Hangzhou, Zhejiang Province, the institute was established in January 2022 with a registered capital of 2.6 billion RMB. Concurrently, the Zhiyuan National Key Laboratory was built relying on the institute's robust resources. The institute operates under a "three-in-one"innovative model—synchronously operating and mutually promoting the research institute, the corporate legal entity, and the national key laboratory.