The invention discloses a formulation of an AC zinc oxide resistance chip. The formulation is characterized by comprising the following additives and a main material ZnO by weight percentage: 4.0 to 4.9 percent of Bi2O3, 3.0 to 4.0 percent of Sb2O3, 0.5 to 1.0 percent of SiO2, 2.0 to 3.0 percent of Co2O3, 0.50 to 0.80 percent of Cr2O3, 0.50 to 0.80 percent of MnCO3, 0.70 to 0.90 percent of NiO, 0.03 to 0.05 percent of aluminum nitrate, 0.10 to 0.20 percent of glass dust, 0.07 to 0.10 percent of B2O3 and 85.0 to 88.0 percent of ZnO. The formulation of the resistance chip has the following characteristics and advantages: the nickel protoxide and the glass dust are introduced into the formulation, so that the stability and the aging performance of the internal structure of the resistance chip is more excellent; and 2, dosage of cobalt sesquioxide, dibismuth trioxide and diantimony trioxide are added in the formulation, the mixture ratio of each composition is more reasonable, and the non-linearity coefficient of the resistance chip can be improved, the pressure ratio is reduced, the circulation capability is improved, and the comprehensive performance is excellent.