Founded in 1990, it is one of the few passive component manufacturers in China that can supply raw materials for ceramic powder and sell multilayer ceramic capacitors at the same time. It is also the only manufacturer capable of vertically integrating raw materials from upstream to passive chip components. In 2005, Xinchang Electric Ceramics and Huaxin Group entered into a strategic alliance, and in 2008 formally merged with Hongdian Electronics, extending the sales range from dielectric ceramic powder, semiconducting ceramic capacitor ceramics, multilayer ceramic capacitors, chip resistors to diode and Coil has become the only passive component supplier in China that can provide all special capacitors, inductors and resistors.