The Institute (Yantai Polaris State-owned Holding Co., Ltd. Technology Development Center) is the Shandong Provincial Time Measurement Engineering Technology Research Center. In recent years, the company has continuously made innovations and breakthroughs in technology and application fields, integrating the traditional watch manufacturing industry with modern electronics, computers, and information technology. With the development of the information and networking era, the company's technological innovation and product technology upgrades are accelerating, and the level of product intelligence is constantly improving.

The drafting unit of the institute participated in the formulation of China's light industry standards such as "Time Synchronization System", "Quartz Master Clock for Ships", "Public Quartz Clock", and "Digital World Clock".

The time synchronization system for high-speed railway passenger dedicated lines was developed by the Clock and Watch Research Institute specifically for the special requirements of high-speed railway passenger dedicated lines for clock systems. It has been included in the Shandong Provincial Technology Innovation Project Plan and has technologies such as high timing accuracy, real-time monitoring, interconnection, and multiple standard time sources for mutual backup (it can receive GPS, Beidou satellite time, upper network time signals, and can also use its own main and standby high-stability constant temperature crystal oscillator as the time reference when there is no external time source). In addition to being used in high-speed railway third-level stations, vehicle depots and other places, the system has also been adopted many times by railway bureau dispatching offices and passenger dedicated line dispatching offices such as Nanchang Railway Dispatching Center, Beijing West Railway Station Hub Project, Tianjin Hub Project, and other secondary time synchronization network hub projects (currently, the equipment provided by other domestic manufacturers is mostly third-level network terminals); the BFZ patented movement uses dual motor drive for hour and minute hands and second hands, automatic feedback, and synchronization with GPS (Beidou satellite) time base, etc., which is favored by foreign customers.