1915年，民族實業(ye)家李(li)東(dong)山先(xian)生在煙(yan)臺創辦寶時造鐘(zhong)廠，成(cheng)為(wei)中國機械制(zhi)鐘(zhong)的發端，產品注(zhu)冊為(wei)“寳”字(zi)商標(biao)(biao)。1959年又(you)注(zhu)冊了一個國際化商標(biao)(biao) “北極星(xing)”，1960年正(zheng)式(shi)啟(qi)用。經(jing)幾代(dai)人的努力(li)，北極星(xing)取得了輝煌成(cheng)就，為(wei)地方(fang)經(jing)濟發展(zhan)做(zuo)出了突(tu)出貢獻(xian)。

經過近(jin)百年的(de)不斷開(kai)拓和(he)發展，北極星具有(you)(you)較(jiao)強的(de)技術(shu)開(kai)發和(he)雄(xiong)厚的(de)機(ji)械(xie)、電子、木業加工能(neng)力，能(neng)夠(gou)大(da)規模生(sheng)產加工鐘(zhong)(zhong)表(biao)及(ji)零部件(jian)，是(shi)國內(nei)具有(you)(you)鐘(zhong)(zhong)和(he)表(biao)綜合(he)生(sheng)產能(neng)力且配(pei)套完(wan)整、品(pin)種(zhong)齊全的(de)加工制(zhi)造企業。產品(pin)主要有(you)(you)機(ji)械(xie)鐘(zhong)(zhong)、手表(biao)、石英鐘(zhong)(zhong)、技術(shu)用鐘(zhong)(zhong)4個(ge)產品(pin)板塊，以(yi)及(ji)寶石和(he)彈性元(yuan)件(jian)2個(ge)配(pei)套產品(pin)。其中，機(ji)械(xie)鐘(zhong)(zhong)已形成八大(da)系列上(shang)百個(ge)花色品(pin)種(zhong)，其精(jing)湛的(de)制(zhi)造工藝(yi)在國內(nei)同行業處(chu)于領先地(di)位，是(shi)迄今為止國內(nei)規模較(jiao)大(da)、世(shi)界品(pin)種(zhong)齊全的(de)機(ji)械(xie)鐘(zhong)(zhong)生(sheng)產基地(di)。

為適應(ying)市(shi)場(chang)(chang)競爭的需要(yao)，2001年(nian)組建(jian)了(le)煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)國有(you)(you)控股有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)，采取“關閉破產(chan)(chan)一批(pi)、重組整合一批(pi)、做強做大一批(pi)”三(san)步(bu)走(zou)戰(zhan)略，推動北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)逐步(bu)由(you)重點解決(jue)歷(li)史(shi)遺留(liu)問題(ti)轉向加快(kuai)(kuai)企業(ye)發展上來。目前，前兩步(bu)走(zou)基(ji)本完成，在具體實施過(guo)程中(zhong)積極(ji)(ji)(ji)為發展打基(ji)礎，通(tong)過(guo)控股公(gong)(gong)司(si)(si)(si)的投資(zi)和重組，組建(jian)了(le)煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)中(zhong)信機械有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)石英(ying)鐘(zhong)有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)表(biao)業(ye)有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)鐘(zhong)表(biao)研究所有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)榮華鐘(zhong)業(ye)有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)海鷗表(biao)業(ye)有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)華晶寶石有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)計時(shi)(shi)儀器有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)彈(dan)性元件有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)、中(zhong)法合資(zi)的煙(yan)(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)高基(ji)時(shi)(shi)間(jian)同步(bu)技術(shu)有(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)(si)等(deng)子公(gong)(gong)司(si)(si)(si)。今后一個時(shi)(shi)期，將(jiang)加快(kuai)(kuai)實施第三(san)步(bu)走(zou)戰(zhan)略，以發展為主題(ti)，加快(kuai)(kuai)經濟增長方(fang)式(shi)轉變，圍(wei)繞“組織(zhi)結構調(diao)整、市(shi)場(chang)(chang)結構調(diao)整、產(chan)(chan)品結構調(diao)整”三(san)個調(diao)整開展工作。

2009年(nian)底(di)，為充分發揮北極(ji)星(xing)制鐘優(you)勢，打造百年(nian)品(pin)牌，北極(ji)星(xing)對生產(chan)鐘類(lei)產(chan)品(pin)包括(kuo)機(ji)械鐘、石英鐘、技術(shu)用鐘等的資(zi)源(yuan)進行了重組，組建了煙(yan)臺北極(ji)星(xing)股(gu)份有限公(gong)司，進一步優(you)化了北極(ji)星(xing)組織(zhi)結構和資(zi)源(yuan)配置，提(ti)高(gao)了企(qi)業經濟效益(yi)，為推動(dong)北極(ji)星(xing)向高(gao)新技術(shu)企(qi)業轉(zhuan)型(xing)創造了條件。

2012年初，市政府已經確定將重點支持北(bei)(bei)極(ji)星(xing)老品(pin)牌(pai)的振(zhen)興(xing)和(he)(he)發(fa)展(zhan)，相(xiang)關(guan)部門(men)正(zheng)在制定品(pin)牌(pai)振(zhen)興(xing)方案，采(cai)取多種(zhong)措(cuo)施加(jia)快(kuai)發(fa)展(zhan)步(bu)伐。按照(zhao)市政府的總體部署和(he)(he)要(yao)求，北(bei)(bei)極(ji)星(xing)將加(jia)快(kuai)改革(ge)改制步(bu)伐，圍繞機(ji)械(xie)鐘(zhong)、手表(biao)、技術(shu)用鐘(zhong)、石(shi)英鐘(zhong)的資源進(jin)一步(bu)重組優(you)化(hua)(hua)、深化(hua)(hua)結構調整，通過實施退(tui)城進(jin)園(yuan)解決歷史遺留問題，加(jia)快(kuai)更新設備、加(jia)快(kuai)產品(pin)換代(dai)升級(ji)，聚集到園(yuan)區內發(fa)展(zhan)，努力將北(bei)(bei)極(ji)星(xing)的核(he)心(xin)(xin)技術(shu)轉化(hua)(hua)成核(he)心(xin)(xin)競爭力，推動煙臺鐘(zhong)表(biao)產業(ye)又(you)快(kuai)又(you)好發(fa)展(zhan)，同(tong)時積極(ji)向與鐘(zhong)表(biao)密(mi)切相(xiang)關(guan)產業(ye)拓展(zhan)。通過加(jia)大(da)研(yan)發(fa)投入，實現跨越(yue)式(shi)發(fa)展(zhan)，推動北(bei)(bei)極(ji)星(xing)向世界(jie)品(pin)牌(pai)行(xing)列邁進(jin)，將北(bei)(bei)極(ji)星(xing)打(da)造成世界(jie)品(pin)牌(pai)。