HOSONIC TECHNOLOGY (GROUP) CO., LTD., founded in 1993, has consistently focused on quartz crystal components. It is a high-tech enterprise specializing in the research, development, production, and sales of frequency control components such as quartz crystal resonators and quartz crystal oscillators. It ranks as the world's tenth-largest quartz crystal component manufacturer, holding a global market share of 2.71% in 2022. Hongxing Technology's products are applied in areas such as communication electronics, smart home systems, automotive electronics, and consumer electronics. Its customer base includes well-known electronic manufacturing service providers such as Samsung, Skyworth, Changhong, and Foxconn, and the products are ultimately used in the terminal electronic devices of many brands, including HP, Samsung, Dell, and Skyworth. The company is currently listed on the Shanghai Stock Exchange. However, over the past two years, intensified competition in the crystal oscillator market has caused its operating performance to plummet, leading to a decline in orders.