1915年(nian)，民族實業家李東山先(xian)生在煙臺創辦寶時造鐘廠(chang)，成為中國機械(xie)制鐘的發端(duan)，產品注冊(ce)為“寳(bao)”字商標。1959年(nian)又注冊(ce)了一個國際化商標 “北極星”，1960年(nian)正式啟用。經幾(ji)代人(ren)的努力(li)，北極星取得(de)了輝(hui)煌成就，為地方經濟發展做出了突出貢獻(xian)。

經過(guo)近(jin)百(bai)年(nian)的不斷開拓和發展，北極星具有較(jiao)強(qiang)的技(ji)(ji)術開發和雄厚的機(ji)械(xie)、電(dian)子(zi)、木業加(jia)工能(neng)力，能(neng)夠大(da)規模(mo)生產加(jia)工鐘(zhong)表(biao)(biao)及(ji)零(ling)部件(jian)，是國內具有鐘(zhong)和表(biao)(biao)綜(zong)合生產能(neng)力且配套完整(zheng)、品(pin)種齊(qi)全(quan)的加(jia)工制造(zao)企業。產品(pin)主要有機(ji)械(xie)鐘(zhong)、手(shou)表(biao)(biao)、石英鐘(zhong)、技(ji)(ji)術用(yong)鐘(zhong)4個(ge)(ge)產品(pin)板塊，以(yi)及(ji)寶石和彈性元(yuan)件(jian)2個(ge)(ge)配套產品(pin)。其中，機(ji)械(xie)鐘(zhong)已形成八大(da)系列上(shang)百(bai)個(ge)(ge)花色品(pin)種，其精(jing)湛的制造(zao)工藝在國內同行業處于領先(xian)地(di)位，是迄今(jin)為止國內規模(mo)較(jiao)大(da)、世界品(pin)種齊(qi)全(quan)的機(ji)械(xie)鐘(zhong)生產基地(di)。

為適(shi)應市場(chang)(chang)競爭的(de)(de)需要，2001年組(zu)(zu)建(jian)了(le)煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)國有(you)(you)控股有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)，采取“關閉破產一(yi)批、重組(zu)(zu)整合一(yi)批、做強(qiang)做大(da)一(yi)批”三步(bu)走戰略，推動(dong)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)逐步(bu)由重點解決歷史(shi)遺留問題(ti)轉(zhuan)(zhuan)向加快(kuai)企業(ye)(ye)發(fa)展(zhan)(zhan)(zhan)上來。目前(qian)，前(qian)兩步(bu)走基(ji)本完(wan)成，在(zai)具(ju)體(ti)實(shi)(shi)施過(guo)程中(zhong)(zhong)(zhong)積極(ji)(ji)(ji)為發(fa)展(zhan)(zhan)(zhan)打基(ji)礎，通(tong)過(guo)控股公(gong)(gong)司(si)(si)的(de)(de)投資和重組(zu)(zu)，組(zu)(zu)建(jian)了(le)煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)中(zhong)(zhong)(zhong)信機械有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)石(shi)英鐘有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)表業(ye)(ye)有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)鐘表研究所有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)榮華(hua)鐘業(ye)(ye)有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)海鷗表業(ye)(ye)有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)華(hua)晶寶石(shi)有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)計時儀器(qi)有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)彈性元件(jian)有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)、中(zhong)(zhong)(zhong)法(fa)合資的(de)(de)煙(yan)(yan)臺(tai)(tai)(tai)(tai)(tai)北(bei)(bei)(bei)(bei)(bei)極(ji)(ji)(ji)星(xing)(xing)高基(ji)時間同步(bu)技(ji)術有(you)(you)限(xian)(xian)(xian)公(gong)(gong)司(si)(si)等子公(gong)(gong)司(si)(si)。今后一(yi)個時期，將加快(kuai)實(shi)(shi)施第三步(bu)走戰略，以發(fa)展(zhan)(zhan)(zhan)為主(zhu)題(ti)，加快(kuai)經(jing)濟(ji)增長方式轉(zhuan)(zhuan)變，圍繞“組(zu)(zu)織結(jie)構(gou)調(diao)整、市場(chang)(chang)結(jie)構(gou)調(diao)整、產品結(jie)構(gou)調(diao)整”三個調(diao)整開展(zhan)(zhan)(zhan)工作。

2009年(nian)底，為充分發(fa)揮北(bei)極(ji)(ji)星(xing)制鐘(zhong)(zhong)優勢，打造百年(nian)品牌，北(bei)極(ji)(ji)星(xing)對生產鐘(zhong)(zhong)類產品包括機(ji)械鐘(zhong)(zhong)、石英鐘(zhong)(zhong)、技術(shu)用鐘(zhong)(zhong)等的資源(yuan)進(jin)行了重組，組建了煙臺北(bei)極(ji)(ji)星(xing)股份(fen)有(you)限公司(si)，進(jin)一步優化了北(bei)極(ji)(ji)星(xing)組織(zhi)結構和(he)資源(yuan)配置，提高了企業(ye)經(jing)濟效(xiao)益，為推動北(bei)極(ji)(ji)星(xing)向高新技術(shu)企業(ye)轉(zhuan)型創(chuang)造了條件。

2012年(nian)初，市政府(fu)已經確定將(jiang)重(zhong)點支持北(bei)(bei)極(ji)星(xing)老品(pin)(pin)(pin)(pin)牌(pai)的(de)(de)振興和發(fa)展(zhan)(zhan)，相關部(bu)門正在制(zhi)定品(pin)(pin)(pin)(pin)牌(pai)振興方案，采取(qu)多種措施加(jia)快發(fa)展(zhan)(zhan)步伐(fa)。按照市政府(fu)的(de)(de)總體部(bu)署和要求(qiu)，北(bei)(bei)極(ji)星(xing)將(jiang)加(jia)快改革(ge)改制(zhi)步伐(fa)，圍繞(rao)機械鐘、手(shou)表、技術用鐘、石英鐘的(de)(de)資源進(jin)一(yi)步重(zhong)組優(you)化(hua)、深化(hua)結構調整，通過實施退城進(jin)園(yuan)解決歷史遺留問題，加(jia)快更新設備、加(jia)快產品(pin)(pin)(pin)(pin)換(huan)代升級(ji)，聚集到(dao)園(yuan)區內發(fa)展(zhan)(zhan)，努力將(jiang)北(bei)(bei)極(ji)星(xing)的(de)(de)核(he)心(xin)(xin)技術轉化(hua)成核(he)心(xin)(xin)競(jing)爭力，推(tui)動煙臺鐘表產業又快又好發(fa)展(zhan)(zhan)，同(tong)時積極(ji)向(xiang)與鐘表密(mi)切(qie)相關產業拓展(zhan)(zhan)。通過加(jia)大研發(fa)投入，實現跨(kua)越式發(fa)展(zhan)(zhan)，推(tui)動北(bei)(bei)極(ji)星(xing)向(xiang)世(shi)界品(pin)(pin)(pin)(pin)牌(pai)行(xing)列邁進(jin)，將(jiang)北(bei)(bei)極(ji)星(xing)打造成世(shi)界品(pin)(pin)(pin)(pin)牌(pai)。