Wingtech Technology (600745) investor relations material

Executive summary

• Achieved Q3 revenue of RMB 4.43 billion, down 77.38% year-over-year, and net profit attributable to shareholders of RMB 1.04 billion, up 279.29% year-over-year.

• Semiconductor business revenue grew 12.2% year-over-year to RMB 4.3 billion, with a gross margin of 34.56% and net profit of RMB 724 million.

• Product integration business revenue dropped sharply due to entity list impact and business divestitures; Q3 revenue was RMB 110 million, with net profit mainly from asset sales.

Financial highlights

• Q3 revenue: RMB 4.43 billion (-77.38% YoY); YTD revenue: RMB 29.77 billion (-44.00% YoY).

• Q3 net profit attributable to shareholders: RMB 1.04 billion (+279.29% YoY); YTD: RMB 1.51 billion (+265.09% YoY).

• Q3 basic EPS: RMB 0.84 (+281.82% YoY); YTD basic EPS: RMB 1.22 (+269.70% YoY).

• Operating cash flow YTD: RMB 5.42 billion (+53.15% YoY).

• Total assets at Q3-end: RMB 54.38 billion; equity attributable to shareholders: RMB 35.50 billion.

Outlook and guidance

• Semiconductor business faces uncertainty due to regulatory actions in the Netherlands affecting subsidiary control; potential risk of revenue, profit, and cash flow decline if control is not restored by year-end.

• Company will continue to monitor and disclose developments, urging investors to assess risks prudently.