The company was founded in December 1993. It is the first enterprise in China to develop and mass-produce plastic electronic lighters. It is also the largest enterprise in China in terms of lighter production and export earnings. The manufacturing base of its leading product, electronic lighters, is located in Zhejiang Ningbo. In the international market, the company is the first company in the domestic lighter industry to win an EU anti-dumping lawsuit. It is also the first company in the industry to overcome EU CR technical barriers and hold patents in the EU and the United States. Ningbo Xinhai Electric Co., Ltd. currently has 4 holding subsidiaries including Shanghai Fukai Electronic Manufacturing Co., Ltd., 3 production bases, 3 overseas offices, and 8 domestic sales centers. More than 80% of its products are exported to Europe and the United States. , Japan and more than 80 countries and regions. The company is one of the “Top 100 Enterprises in Ningbo City”, “Top Ten Enterprises in Cixi City” and “Five-Star Management Enterprise in Cixi City”. The "Xinhai XINHAI" trademark is a well-known trademark in China, and the "Xinhai XINHAI" brand is one of the "Top Ten Famous Lighters Brands in China" and is also one of the "Key Export Brands Cultivated and Developed by Zhejiang Province in 2005-2006". In 2005, the company's self-operated exports amounted to US$60.4 million, an increase of 63% over the previous year. According to statistics from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, it has ranked first among domestic lighter manufacturers in self-operated exports for six consecutive years. The company has won international anti-dumping cases three times in five years. It is the first company to win anti-dumping cases after China joined the WTO. It is the first company in the domestic lighter industry to break through the technical barriers to lighters in the United States and the European Union, and the only company in the Chinese lighter industry. Enterprises involved in the formulation of international standards. The company is the first domestic lighter manufacturer to break through the EU's "CR regulations". So far, the company has applied for 258 domestic patents, 198 of which were authorized, 15 patents in the United States, Europe, Japan and other countries and regions, and more than 20 quality certified products. The "XINHAI" brand has been registered in 71 countries and regions. The company has been rated as a "well-known trade name in Zhejiang Province" enterprise and a "patent demonstration enterprise in Zhejiang Province". In October 2004, the ISO/TC 61WGI International Conference on Lighters was held in Chengdu, China. The company attended the conference on behalf of Chinese enterprises and submitted proposals to participate in the formulation of international standards for lighters.

On March 27, 2015, due to suspected violations of information disclosure laws and regulations, the case is under investigation. If it is determined to be fraudulent issuance or major information disclosure violations, delisting will be initiated in accordance with the mandatory delisting requirements for companies with major violations. market mechanism.