➀ Li Shangkui, a medical professional turned entrepreneur, founded Jiangxi Yue'an New Materials, a company that has developed ultra-fine iron powder using carbonyl iron technology. ➁ The company's products have significant applications in electronics, automotive, and defense sectors, challenging international giants in the field. ➂ Yue'an New Materials has successfully navigated market shifts by diversifying its product portfolio and focusing on high-value applications, such as synthetic diamonds and soft magnetic materials.