Wingtech
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.
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)
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