Wingtech Technology (600745) Q4 2025 earnings summary

Executive summary

• Revenue fell 57.54% year-over-year to ¥31.25 billion due to divestiture of product integration business and loss of control over key overseas subsidiary.

• Net loss attributable to shareholders was ¥8.75 billion, with a significant one-time loss from reclassification of overseas assets.

• Company completed strategic transformation, focusing on semiconductor business and divesting product integration assets.

• Control over key overseas subsidiary (Nexperia) was lost due to foreign legal actions, impacting consolidation and asset values.

Financial highlights

• Operating income: ¥31.25 billion, down 57.54% year-over-year.

• Net loss attributable to shareholders: ¥8.75 billion, compared to a loss of ¥2.83 billion last year.

• Operating cash flow: ¥5.89 billion, up 31.14% year-over-year.

• Gross margin for semiconductor business: 37.41%.

• Basic and diluted EPS: -¥7.03, compared to -¥2.28 last year.

• Net assets attributable to shareholders: ¥24.90 billion, down 27.55% year-over-year.

Outlook and guidance

• Company will focus on semiconductor business, aiming to strengthen its position in power semiconductors.

• Plans to accelerate domestic supply chain integration and 12-inch wafer platform upgrades.

• Expects continued volatility due to unresolved overseas subsidiary control and global supply chain risks.