Founded in 1990, Xinchang Electronic Ceramics is one of the few passive component manufacturers in China that can supply porcelain powder raw materials by themselves and sell laminated ceramic capacitors at the same time. It is also the only manufacturer that has the ability to vertically integrate the raw materials from upstream to downward into passive chip components. In 2005, Xinchang Electroceramics made strategic alliance with Huaxin Group, and in 2008, it formally merged Hongda Electronics, extending the sales range from dielectric porcelain powder, semi-conductive ceramic capacitor tiles, ceramic capacitors, chip resistors to diodes and coils, becoming the only passive component supplier that can provide all kinds of special capacitors, inductors and resistors in China.