Wingtech - Asia Tech Wire

Wingtech

2025.02.20

09:56

A-share Apple concept stocks strengthened, Shengli Precision hit the daily limit, Crystal Optech rose more than 8%, Wingtech Technology, China Science and Technology Sanhuan, and Lingyi Intelligent Manufacturing rose more than 4%.

09:54

The Tonghua Shunguo Index rose by 2%, and Crystal Optech hit the daily limit

The Tonghua Shunguo Index rose by 2%, Crystal Optech hit the daily limit, Lingyi Intelligent Manufacturing rose by more than 5%, Goertek, Luxshare Precision, and Wingtech Technology followed suit. On the news front, Apple released the iPhone 16E, priced from $599.

2025.01.17

20:41

Wingtech Technology: Net profit loss is expected to be 3 billion to 4 billion yuan in 2024

Wingtech Technology announced that it expects to achieve a net profit of -3 billion to -4 billion yuan attributable to the parent company's owners in 2024, which will be a loss compared with the same period last year. It is expected that the net profit attributable to the parent company's owners after deducting non-recurring gains and losses in 2024 will be -3.5 billion to -4.55 billion yuan. During the reporting period, the company's operating income in 2024 is expected to increase year-on-year, and the annual revenue will show a steady growth trend from quarter to quarter. Among them, the company's operating income in the fourth quarter of 2024 is expected to maintain growth both year-on-year and quarter-on-quarter, with obvious improvement.

2024.12.31

13:10

Plans to sell product integration business, Wingtech Technology closes orders for over 110,000 lots! Company response

On December 31, Wingtech Technology opened high and then hit the daily limit. As of the close of the morning session, there were still more than 110,000 lots queuing to buy on the daily limit board, reporting 38.78 yuan per share, with a total market value of 48.26 billion yuan. On the news front, on the evening of December 30, Wingtech Technology issued an announcement stating that the company and Luxshare Co., Ltd. signed a "Sale Intent Agreement", intending to transfer part of the target company's equity and target operating assets related to the product integration business owned by the company and its holding subsidiaries to Luxshare Limited or its designated party. It is expected that this transaction will constitute a major asset reorganization of a listed company. In this regard, the reporter called Wingtech Technology as an investor and asked whether the sale of ODM assets would help improve the company's valuation. The relevant staff said that the company's valuation depends on the market definition, and the company's core focus in the future will be on the semiconductor business, which will help improve the company's overall efficiency. When talking about the distribution plan for the funds obtained from the sale of assets, the staff member said that the company will make appropriate decisions in the future.

2024.12.30

22:26

Wingtech Technology: Plans to sell product integration business assets

Wingtech Technology announced that the company has signed a "Sale Intent Agreement" with Luxshare Co., Ltd., intending to transfer the equity and operating assets of 9 target companies related to the product integration business to Luxshare Limited or its designated party. This transaction does not involve the company's semiconductor business, the transaction method is cash payment, does not constitute a related transaction, and will not lead to changes in the controlling shareholder and actual controller. The transaction is expected to constitute a major asset reorganization, and the total amount of the target assets and net assets do not exceed 50% of the company's most recent audited consolidated financial statements, but the operating income exceeds 50%. The transaction plan still needs further demonstration and negotiation, and the scope of the final transaction target assets will be determined by the signing of a formal agreement by both parties after due diligence, audit, and evaluation.

2024.12.10

19:02

Wingtech Technology: Shareholder Wuxi Guolian plans to reduce its holdings by no more than 2%

Wingtech Technology announced that Wuxi Guolian Integrated Circuit Investment Center, a shareholder holding more than 5% of the shares, plans to reduce its holdings of the company's shares by no more than 24.8909 million shares through block trading, accounting for 2% of the company's total share capital as of December 8, 2024. The reduction will be carried out within 3 months after 15 trading days from the date of this announcement, and the reduction price will depend on market conditions. The reduced shares come from the proceeds of issuing shares to purchase assets, and all are unrestricted tradable shares. The implementation of the reduction plan will be determined based on market conditions and other factors, and there is uncertainty.

2024.12.03

08:35

Unreasonable suppression! The Biden administration announced the latest semiconductor export restrictions to China involving many well-known listed companies

On Monday local time in the United States, the Biden administration released the latest semiconductor export control measures to China. In addition to adding 136 Chinese entities to the so-called "entity list" and adding restrictions on the export of 24 types of semiconductor manufacturing equipment, 3 types of software tools and HBM chips, it also blatantly interferes with China's normal trade with third-party countries. According to documents released by the U.S. Department of Commerce's Bureau of Industry and Security (BIS) on Monday, 136 Chinese entities were included in the so-called "entity list", covering Chinese semiconductor production equipment manufacturers, wafer fabs and investment institutions. The list shows that a series of well-known listed companies including Northern Huachuang, Tuojing Technology, Wingtech Technology, and BGI Jiutian are on the list. The U.S. Department of Commerce also specially included a separate paragraph in the list, focusing on Huawei's many important partners, including Changguang Jizhi Optics, Peng Xinxu, Xinkailai, Shengweixu, Xinen (Qingdao) Integrated Circuit Co., Ltd., etc. . On December 2, the spokesperson of the Chinese Ministry of Commerce responded to reporters’ questions on the issue of semiconductor export control measures issued by the United States. A spokesman for the Ministry of Commerce said that the US move is a typical act of economic coercion and non-market practice. The United States says one thing and does another, continues to generalize the concept of national security, abuses export control measures, and implements unilateral bullying. China firmly opposes this. (Financial Associated Press)

2024.12.02

15:16

The stock price plunged in the afternoon. Wingtech Technology's investor relations department responded: It is not clear why. The company currently has no special circumstances.

Wingtech Technology's stock price suddenly plunged in the afternoon, falling more than 9% during the day and closing down 7.84%. The reporter contacted Wingtech Technology's investor relations department as an investor. The relevant person said that they were not sure about the reason for the stock price plunge and that the company had no special circumstances at the moment. (21 Finance)

15:03

A-share closing review: the three major indexes all rose by more than 1%, and more than 180 stocks in the two markets hit the daily limit

The three major A-share indices rose collectively today. As of the close, the Shanghai Composite Index rose 1.13%, the Shenzhen Component Index rose 1.36%, the ChiNext Index rose 1.42%, and the Beijing Stock Exchange 50 Index rose 3.05%. The total market turnover was 1825.3 billion yuan, an increase of 79 billion yuan from the previous day. More than 4,600 stocks rose in the entire market. In terms of sector themes, Hainan Free Trade Zone, PEEK materials, robots, automobiles, film and television theaters, e-commerce group buying, steel, and copper cable high-speed connection concept stocks rose the most; the banking sector fell the most. The Hainan Free Trade Zone sector broke out across the board, with the sector rising by more than 9%. More than 20 stocks such as Shennong Seed Industry, Kangzhi Pharmaceutical, Hainan Development, and Hainan Expressway rose by the daily limit. The automobile sector was strong throughout the day, with Lifan Technology, Seres, Haima Automobile, and GAC Group hitting the daily limit, and SAIC Group, Foton Motor, and Zotye Auto leading the gains. Robot concept stocks also performed well, with Sanfeng Intelligent, Zhaomin Technology, Junpu Intelligent, and many other stocks hitting the daily limit. The banking sector fell today, with Shanghai Rural Commercial Bank falling more than 6%, Jiangsu Bank, Chongqing Rural Commercial Bank, Hua Xia Bank, Bank of Beijing and many other stocks falling. In terms of individual stocks, Wingtech Technology plunged in the afternoon and approached the limit.

14:27

Wingtech Technology plunged more than 8% in the afternoon

Wingtech Technology plunged more than 8% in the short term, with a turnover of over 2.2 billion.

2021.12.15

08:20

China's Wingtech gets Samsung's 2022 ODM order for 40 mln phones, sources say

2021.10.27

05:35

Wingtech becomes Apple's Macbook exclusive assembly supplier

2021.06.24

11:30

Nexperia launches its new 8-inch wafer line in Manchester

(Asian Tech Press) Netherlands-based semiconductor manufacturer Nexperia, a subsidiary of Chinese tech firm Wingtech Technology Co.,Ltd, announced Thursday the launch of a new 8-inch wafer production line in Manchester, UK.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Singapore investigates Nvidia server export fraud
                            2025-03-03

                                    Shenzhen: By 2027, there will be more than 1,200 companies related to the embodied intelligent robot industry cluster
                            2025-03-03

                                    Hongqi Chain Store: Deputy General Managers Zhang Ying, Wan Chun, Hong Fan and Yang Yuanbin resigned
                            2025-03-03

                                    Shenzhen: Focus on supporting key core technologies such as core components of embodied intelligent robots, AI chips, and bionic dexterous hands
                            2025-03-03

                                    Intel showcases Xeon 6 processor-based network infrastructure at MWC2025
                            2025-03-03