HWARACE was founded in 2009 by Chengdu Hengren Precision Technology Co., Ltd., a subsidiary of the Changzheng Machinery Factory of the Aviation Industry Corporation of China, a company with a military background, in conjunction with Sichuan YiJing ChangYun Super hard Materials Co., Ltd. and Da bai chuan (Chengdu) Technology Development Co., Ltd. It mainly develops and produces various types of precision cutting tools, and has applied for a number of national design patents. The company's tool product line mainly includes various types of turning, milling, drilling inserts, mid-to-high-end carbide tools, diamond tools and composite tools, etc.

Dabaichuan (Qingdao) Technology Development Co., Ltd. serves more than 3,000 various machining companies around the world with its own brands ZARQA, HWARACE, and MAEBH. Its customers are in more than 30 countries around the world, and it customizes about 17,000 different cutting tools for customers every year.