Loss of Nexperia control, China's Wingtech Technology faces delisting crisis
China's Wingtech Technology reported a massive loss of 8.748 billion yuan in 2025 due to losing control of Nexperia and US sanctions. With an audit report issuing a 'disclaimer of opinion,' its shares have received a 'delisting risk warning' and plummeted for three consecutive days, facing a severe delisting crisis.
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- 📰 Published: May 8, 2026 at 23:20
- 🔍 Collected: May 8, 2026 at 23:31 (11 min after Published)
- 🤖 AI Analyzed: May 9, 2026 at 10:33 (11h 1m after Collected)
(Central News Agency Taipei, 8th) China's Wingtech Technology, after being placed on the US Entity List for sanctions and losing control of Nexperia to the Netherlands, recorded a massive loss of 8.748 billion yuan (approximately NT$40.3 billion) in 2025. On the 6th, its shares were listed as 'delisting risk warning' due to audit report issues, plummeting for three consecutive days.
According to Chinese media Sina Finance, Wingtech Technology's shares resumed trading on the 6th, with the stock ticker changing to "*ST Wingtech". After being labeled with a "delisting risk warning," Wingtech's share price hit the daily limit down for three consecutive trading days.
After closing today, Wingtech Technology's share price was 24.1 yuan, with a market capitalization of only 29.997 billion yuan. This Chinese semiconductor giant, at its peak, had a share price exceeding 171 yuan and a market capitalization of over 200 billion yuan.
Prior to this, Wingtech Technology released its 2025 annual report on April 29, with revenue of 31.252 billion yuan, a year-on-year decrease of 57.54%; net profit attributable to shareholders of the listed company was -8.748 billion yuan, compared to -2.833 billion yuan in the same period last year, showing a significant increase in losses.
Wingtech Technology stated that it was placed on the Entity List on December 2, 2024. Through transactions with Luxshare Precision and Luxshare Communications, the company successively divested its product integration business within 2025, resulting in a substantial decrease in business scale and a significant reduction in operating revenue compared to the same period in previous years.
Wingtech Technology also stated that since October 2025, its control over Nexperia's overseas entities has been restricted, and the relevant entities are no longer included in the scope of consolidation, leading to a decrease in total assets. The re-measurement of the relevant equity as other equity instrument investments at fair value resulted in a large loss, causing a significant decrease in total profit, net profit attributable to shareholders of the listed company, and weighted average net assets yield compared to the same period in previous years.
Wingtech Technology announced that because Rongcheng Accounting Firm issued an audit report with a "disclaimer of opinion" on the company's 2025 financial accounting report and an internal control audit report with a "disclaimer of opinion" on the company's 2025 financial report internal control, the company's shares will be subject to a "delisting risk warning" overlaying other risk warnings, and its China A-share ticker will change to "*ST Wingtech".
Wingtech Technology's 2025 annual report also mentioned that the restricted control over Nexperia resulted in the recognition of an investment loss of 8.948 billion yuan.
After losing control of Nexperia, Wingtech Technology's financial report showed that its revenue in the first quarter of this year was only 816 million yuan, a significant year-on-year decrease of 93.77%; net profit attributable to shareholders of the listed company was a loss of 189 million yuan, a sharp decrease of 172.41%.
Nexperia China announced in March that it had begun producing several types of chips identical to those of the Dutch Nexperia, using 12-inch wafer manufacturing technology. Media described this as a significant step for Nexperia China to further decouple from its Dutch parent company and move towards independence.
However, the report quoted senior IT analyst Sun Yongjie as saying that although Wingtech Technology's management expressed confidence that business conditions would continue to improve from the second quarter, it remains to be seen whether domestic semiconductor alternatives can immediately fill the gap. The contraction of Wingtech's revenue in the first quarter to some extent reflects downstream major automobile manufacturers' cautious attitude towards domestic alternative solutions.
Sun Yongjie stated that automotive chips have stringent requirements for quality and stability. Even if domestic wafer quality meets standards, customers will not rashly switch orders on a large scale, often requiring one to one and a half years or even longer for small-batch trial production verification. In addition, yield and cost are also practical challenges. At the current stage, Wingtech Technology's optimal solution is still to reach a settlement with the Dutch side through negotiation. "Domestic substitution is an inevitable path, but a strategic transition period is the smart approach." (Editors: Yang Sheng-ju / Tang Sheng-yang) 1150508
According to Chinese media Sina Finance, Wingtech Technology's shares resumed trading on the 6th, with the stock ticker changing to "*ST Wingtech". After being labeled with a "delisting risk warning," Wingtech's share price hit the daily limit down for three consecutive trading days.
After closing today, Wingtech Technology's share price was 24.1 yuan, with a market capitalization of only 29.997 billion yuan. This Chinese semiconductor giant, at its peak, had a share price exceeding 171 yuan and a market capitalization of over 200 billion yuan.
Prior to this, Wingtech Technology released its 2025 annual report on April 29, with revenue of 31.252 billion yuan, a year-on-year decrease of 57.54%; net profit attributable to shareholders of the listed company was -8.748 billion yuan, compared to -2.833 billion yuan in the same period last year, showing a significant increase in losses.
Wingtech Technology stated that it was placed on the Entity List on December 2, 2024. Through transactions with Luxshare Precision and Luxshare Communications, the company successively divested its product integration business within 2025, resulting in a substantial decrease in business scale and a significant reduction in operating revenue compared to the same period in previous years.
Wingtech Technology also stated that since October 2025, its control over Nexperia's overseas entities has been restricted, and the relevant entities are no longer included in the scope of consolidation, leading to a decrease in total assets. The re-measurement of the relevant equity as other equity instrument investments at fair value resulted in a large loss, causing a significant decrease in total profit, net profit attributable to shareholders of the listed company, and weighted average net assets yield compared to the same period in previous years.
Wingtech Technology announced that because Rongcheng Accounting Firm issued an audit report with a "disclaimer of opinion" on the company's 2025 financial accounting report and an internal control audit report with a "disclaimer of opinion" on the company's 2025 financial report internal control, the company's shares will be subject to a "delisting risk warning" overlaying other risk warnings, and its China A-share ticker will change to "*ST Wingtech".
Wingtech Technology's 2025 annual report also mentioned that the restricted control over Nexperia resulted in the recognition of an investment loss of 8.948 billion yuan.
After losing control of Nexperia, Wingtech Technology's financial report showed that its revenue in the first quarter of this year was only 816 million yuan, a significant year-on-year decrease of 93.77%; net profit attributable to shareholders of the listed company was a loss of 189 million yuan, a sharp decrease of 172.41%.
Nexperia China announced in March that it had begun producing several types of chips identical to those of the Dutch Nexperia, using 12-inch wafer manufacturing technology. Media described this as a significant step for Nexperia China to further decouple from its Dutch parent company and move towards independence.
However, the report quoted senior IT analyst Sun Yongjie as saying that although Wingtech Technology's management expressed confidence that business conditions would continue to improve from the second quarter, it remains to be seen whether domestic semiconductor alternatives can immediately fill the gap. The contraction of Wingtech's revenue in the first quarter to some extent reflects downstream major automobile manufacturers' cautious attitude towards domestic alternative solutions.
Sun Yongjie stated that automotive chips have stringent requirements for quality and stability. Even if domestic wafer quality meets standards, customers will not rashly switch orders on a large scale, often requiring one to one and a half years or even longer for small-batch trial production verification. In addition, yield and cost are also practical challenges. At the current stage, Wingtech Technology's optimal solution is still to reach a settlement with the Dutch side through negotiation. "Domestic substitution is an inevitable path, but a strategic transition period is the smart approach." (Editors: Yang Sheng-ju / Tang Sheng-yang) 1150508