Wingtech

2025.06.05

17:50

Wingtech Technology: Wuxi Guolian plans to reduce its holdings of no more than 3% of the company's shares

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 37.3374 million shares through block trading and centralized bidding transactions, accounting for 3% of the company's total share capital.

2025.05.28

07:29

The A-share M&A and restructuring market continues to grow in activity

The activity of the A-share merger and reorganization market continues to increase. Recently, Haiguang Information, a listed company in the semiconductor industry, exchanged shares to absorb and merge Sugon, which attracted market attention. According to incomplete statistics from a reporter from China Securities Journal, since the beginning of this year, more than 10 listed companies in the semiconductor and chip industries, including Shanghai Silicon Industry, Wingtech Technology, Guokewei, Jingfeng Mingyuan, YUYUAN Silicon, and Yingjixin, have issued announcements related to mergers and acquisitions. Driven by the support of merger and acquisition policies and the recovery of the semiconductor market, the semiconductor industry has ushered in a new wave of mergers and acquisitions. In addition, recently, the mergers and acquisitions of many central enterprises have made new progress, which has attracted market attention. Regarding the hot tracks for mergers and acquisitions in the future, industry insiders generally believe that the hot areas of A-share mergers and acquisitions may be concentrated in emerging fields such as new energy, semiconductors, and biomedicine. These fields have high growth and market potential, and also require a lot of financial and technical support, so they have become hot areas for mergers and acquisitions.

2025.05.21

18:50

Wingtech Technology: More than 200 analog chip mass production numbers will be achieved by the end of the year

On May 21, Wingtech Technology disclosed an institutional research report showing that this year is an important year for the batch release of new product numbers for the company's semiconductor business. Since the first quarter, the company has released a series of new products, especially around the third-generation and a half, analog and other high-value material numbers. The pace of new product releases has accelerated significantly. The 8-inch SiC and GaN production lines that the company started to build last year have now completed the equipment entry; in analog chip products, the company has recently intensively released a series of new products around the two core application scenarios of AI power supply and automotive applications, and accelerated the introduction of customer certification; it is expected that by the end of 2025, the company will achieve more than 200 analog chip mass production material numbers.

18:14

Wingtech Technology: The company officially released 1200V automotive-grade SiC MOSFET series products in May

Wingtech Technology released an investor relations activity record sheet announcement stating that among SiC products, the company officially released a series of 1200V automotive-grade SiC MOSFET products in May, which can be used in automotive application scenarios such as on-board chargers (OBC), traction inverters, DC-DC converters, and heating, ventilation and air conditioning systems (HVAC), and is currently undergoing customer import certification. At the same time, from the production capacity perspective, the company's 8-inch SiC and GaN production lines, which began construction last year, have now completed equipment entry.

2025.05.16

23:19

Wingtech Technology: Plans to sell assets for RMB 4.389 billion

Wingtech Technology announced that the company intends to transfer 100% of the equity of Kunming Wenxun, Huangshi Zhitong, Kunming Zhitong, Shenzhen Wentech, Hong Kong Wentech (including Indonesian Wentech) and the business asset packages of its subsidiaries Wuxi Wentech, Wuxi Wenxun and India Wentech to Luxshare Precision and Luxshare Communications in cash transactions. The transaction price of this transaction is 4.389 billion yuan. After the completion of the transaction, the company will strategically withdraw from the product integration business and concentrate resources on the development of the semiconductor business. As of December 31, 2024, the company's total assets were 74.978 billion yuan, total liabilities were 40.137 billion yuan, operating income was 73.598 billion yuan, and net profit was -2.858 billion yuan. After the completion of the transaction, the company's total assets dropped to 66.4 billion yuan, total liabilities dropped to 31.591 billion yuan, operating income dropped to 15.256 billion yuan, and net profit increased to 1.341 billion yuan.

2025.04.25

22:27

Wingtech Technology: Net profit in the first quarter of 2025 was 261 million yuan, a year-on-year increase of 82.29%

Wingtech Technology announced that its operating revenue in 2025 was 13.01 billion yuan, a year-on-year decrease of 19.38%; its net profit in the first quarter was 261 million yuan, a year-on-year increase of 82.29%.

22:25

Wingtech Technology: Net loss of 2.833 billion yuan in 2024

Wingtech Technology announced that its operating income in 2024 will be 73.598 billion yuan, a year-on-year increase of 20.23%. The net loss attributable to shareholders of the listed company is 2.833 billion yuan, and the net profit in the same period last year was 1.181 billion yuan. Basic earnings per share is -2.28 yuan per share. The company plans not to distribute profits, pay cash dividends, issue bonus shares, or increase capital by capital reserve in 2024.

2025.04.18

20:45

Wingtech Technology: Received 2.287 billion yuan in transfer price

Wingtech Technology announced that the company intends to transfer 100% of the equity and related business asset packages of its subsidiaries to Luxshare Precision Industry Co., Ltd. and Luxshare Communications (Shanghai) Co., Ltd. in cash transactions. This transaction is expected to constitute a major asset reorganization as stipulated in the "Management Measures for Major Asset Restructuring of Listed Companies" and will not lead to a change in the company's control. On March 20, 2025, the company held the sixth meeting of the 12th Board of Directors, reviewed and approved relevant proposals and fulfilled the information disclosure procedures. As of the date of this announcement, the company has received a transfer price of RMB 2.287 billion paid by the counterparty.

2025.04.11

17:59

Wingtech Technology: Plans to repurchase shares for RMB 200 million to RMB 400 million

Wingtech Technology announced that the company plans to repurchase shares for 200 million to 400 million yuan, with the source of funds being its own funds and the repurchase price not exceeding 50 yuan per share. The shares repurchased this time are intended to be used for the employee stock ownership plan. The repurchase period is 12 months, from April 14, 2025 to April 10, 2026. The company's directors, supervisors, senior management, controlling shareholders, and actual controllers have no plans to reduce their holdings of the company's shares in the next 3 months and the next 6 months. Shareholders holding more than 5% of the shares, Wuxi Guolian Integrated Circuit Investment Center (Limited Partnership), Zhuhai Ronglin Equity Investment Partnership (Limited Partnership) and their concerted actors, Zhuhai Gree Electric Appliances Co., Ltd., responded that they have plans to reduce their holdings of the company's shares in the next 3 months and the next 6 months.

2025.03.27

17:13

Wingtech Technology: Received an inquiry letter from the Shanghai Stock Exchange regarding the company's major asset sale plan

Wingtech Technology announced that the company received the "Inquiry Letter on the Major Asset Sale Plan of Wingtech Technology Co., Ltd." from the Shanghai Stock Exchange on March 27, 2025. The inquiry letter requires the company to explain and make additional disclosures on the purpose and rationality of the transaction, transaction price and other issues, profit and loss arrangements during the transition period, and subsequent operations of the listed company. The company is required to respond and modify the plan within 10 trading days.

2025.03.21

20:05

Shanghai Stock Exchange: Publicly condemns Zhang Xuezheng, the actual controller of Wingtech Technology, and its controlling shareholders Wentianxia Technology Group Co., Ltd. and Fu Lina, who are acting in concert

The Shanghai Stock Exchange disclosed a disciplinary decision stating that Zhang Xuezheng, the actual controller of Wingtech Technology, and his controlling shareholders Wentianxia Technology Group Co., Ltd. and Fu Lina, who acted in concert, had the following violations in information disclosure and stock trading. (i) Concealing the relationship of acting in concert, resulting in major omissions in the company's relevant annual report; (ii) Failure to perform the obligation of tender offer in accordance with the law; (iii) Failure to disclose the reduction plan in advance as required and exceeding the proportion limit when reducing the shareholding. The Shanghai Stock Exchange made the following disciplinary decision: publicly condemning Zhang Xuezheng, the actual controller of Wingtech Technology Co., Ltd., and his controlling shareholders Wentianxia Technology Group Co., Ltd. and Fu Lina, who acted in concert.

2025.03.20

21:38

Wingtech Technology: Plans to sell 100% equity of Kunming Wenxun and other companies

Wingtech Technology announced that the company intends to transfer 100% equity of Kunming Wenxun, Huangshi Wenxun, Kunming Wenyao, Shenzhen Wenxun, Hong Kong Wingtech (including Indonesian Wingtech) and business asset packages of Wuxi Wingtech, Wuxi Wenxun and India Wingtech to Luxshare Precision and Luxshare Communications in cash transactions. The target assets of this transaction include A customer business and non-A customer business. After the transaction is completed, Kunming Wenxun and other companies will become subsidiaries of Luxshare Precision, and Wuxi Wingtech and other business asset packages will become business assets of Luxshare Precision or its subsidiaries.

20:52

Luxshare Precision: The company and Luxshare Communications will acquire the equity of Wingtech Technology's related subsidiaries in the consumer electronics system integration business

Luxshare Precision announced that the company and Luxshare Communications will acquire the equity and business asset packages of relevant subsidiaries of Wingtech Technology related to consumer electronics system integration business; after the completion of this transaction, the company will acquire 100% equity of Shenzhen Wingtech, Huangshi Wingtech, Hong Kong Wingtech, Indonesia Wingtech, Kunming Wingtech, Kunming Wenxun, and the relevant business asset packages of India Wingtech, Wuxi Wingtech, and Wuxi Wenxun.

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.

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