Hangzhou Times Industrial Co., Ltd. is a company specializing in the research, development, production, and sales of magnetic toys, headquartered in Hangzhou, Zhejiang Province. Founded on August 28, 2006, with its legal representative being Mao Haiping, the company operates under the English name "Hangzhou Times Industrial Co., Ltd."‌ The company boasts over 10,000 square meters of premises and employs more than 200 people.‌ It possesses independent brands such as 'MAGPLAYER' and '魔磁玩家' (Magic Magnetic Player), with its product lines encompassing multiple series and having obtained international certifications.‌ Its manufacturing bases are located in Hangzhou and Dongyang, and it has established both online and offline sales channels, distributing products domestically and internationally.‌ In terms of business scope, the company engages in toy manufacturing, plastic product manufacturing, household goods manufacturing, metal product research and development, as well as goods import and export.‌ It holds 10 trademark registrations and 56 patent records.‌ In 2025, the company was recognized as a National High-tech Enterprise.‌ The company is advancing a project to produce 5 million toy sets annually in Lin'an District's Yucan Town.‌ Its registered capital is 5 million RMB, with paid-in capital amounting to 3.261 million RMB.‌ The registered address is No. 8 Dongshun Road, Yucan Town, Lin'an District, Hangzhou City, Zhejiang Province.‌