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SHA:600745

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Asia

Wingtech Flags Abnormal Stock Fluctuation; Shares Up 5%

Wingtech (SHA:600745) flagged abnormal stock fluctuations over six consecutive trading days, but its operations are still normal, according to a Shanghai bourse filing on Tuesday.The Chinese chipmaker's closing price between May 25 and June 1 was over 12%, indicating stock fluctuations.The fluctuations occurred after Wingtech sued Nexperia last month in a bid to regain full control of the Dutch subsidiary.The company's shares jumped 5% during the midday trade.

SHA:600745
China Fines Apple Supplier Luxshare for Violating Antitrust Rules in Wingtech Deal
Asia

China Fines Apple Supplier Luxshare for Violating Antitrust Rules in Wingtech Deal

China's market regulator fined Luxshare Precision Industry (SHE:002475) 900,000 yuan for failing to clear antitrust hurdles before closing an asset acquisition from Wingtech Technology (SHA:600745), according to a Wednesday statement from the agency.The State Administration for Market Regulation said Luxshare unlawfully implemented a concentration of undertakings in violation of China's Anti-Monopoly Law. Luxshare completed the transactions without prior notification, according to the results of the investigation.The regulator clarified that the electronic manufacturing buyout does not exclude or restrict fair market competition.SAMR began the investigation in September 2025 after Luxshare self-reported in February 2025 stake purchases in Wingtech subsidiaries Jiaxing Yongrui Electronic Technology, Shanghai Wingtech Electronics Technology, and Shanghai Wingtech Information Technology.The company qualified for a more lenient penalty as it "proactively" reported the transaction before authorities discovered the violation and corrected its anti-monopoly compliance systems, SAMR said.Luxshare, founded in Dongguan, China, is one of Apple's major suppliers in China, according to multiple media reports.

SHA:600745SHE:002475
Asia

China Fines Luxshare Precision 900,000 Yuan Over Unreported Wingtech Deal

China's market regulator fined Luxshare Precision Industry (SHE:002475) 900,000 yuan for failing to notify authorities before acquiring another business, according to a notice published Wednesday.The penalty stems from Luxshare's purchase of electronics manufacturing operations from Wingtech Technology (SHA:600745).The transaction closed in January 2025 without prior anti-monopoly notification, violating the country's Anti-Monopoly Law. However, the authority determined that the deal does not restrict competition.Shares of Luxshare fell 2%, while those of Wingtech jumped 5% in early-morning trade in China.

SHA:600745SHE:002475
Asia

Chinese Stocks Rise Over Government Crackdown on Illicit Overseas Securities Activities, Probe on Liushenyu Mine Blast

Chinese shares started the week strong, closing Monday with gains after the government announced a crackdown on illicit cross-border securities activities and a probe into one of China's deadliest mining accidents last week.The Shanghai Composite Index added 1%, or 39.67 points, to close Monday's trade at 4,152.57. The Shenzhen Component Index climbed 1.7%, or 259.31 points, to 15,856.61.The equities of some Chinese brokerages rose amid the China Securities Regulatory Commission's crack down on overseas brokers that are conducting cross-border business operations without the regulator's approval.The Shanghai stocks of CITIC Securities' (SHA:600030, HKG:6030) and Guotai Haitong Securities (SHA:601211, HKG:2611) rose 1.2% and and 0.8%, respectively.Equities, especially coal stocks, were lifted after the government announced a probe into the gas explosion at Shanxi Tongzhou Group's Liushenyu coal mine.In corporate news, Tianshui Huatian Technology (SHE:002185) jumped 10% amid plans to construct an integrated circuit industrial base for 3 billion yuan.Cambricon Technologies (SHA:688256) climbed 9.4% after the board of directors' approval of a 12-billion-yuan comprehensive credit line for the chipmaker.Wingtech (SHA:600745) inched 5% higher after suing its subsidiary, Nexperia, as it sought up to 8 billion yuan in damages while demanding to regain control of the Dutch subsidiary.

Shanghai Composite^SZSEHKG:2611HKG:6030SHA:600030SHA:600745SHA:601211SHA:688256SHE:002185
Wingtech Sues Nexperia for RMB 8 Billion, Seeks to Wrestle Back Control from Dutch Government
US Markets

Wingtech Sues Nexperia for RMB 8 Billion, Seeks to Wrestle Back Control from Dutch Government

Wingtech Technology (SHA:600745) has filed a lawsuit against Nexperia and other defendants as it seeks 8 billion yuan in damages and a restoration of control of its Dutch subsidiary, according to a Saturday filing with the Shanghai bourse.A court in Dongguan City, Guangdong, China, accepted the case, but the hearing has yet to start, Wingtech said in its filing.The Chinese parent company said the measures by the Dutch government against the Wingtech subsidiary constitute discriminatory behavior under China's anti-foreign sanctions law, Wingtech said in the filing.Wingtech also petitioned the Dutch government to revoke a ministerial order invoking the country's Cold War-era Goods Availability Act, even if the order is suspended, as the ruling remains in effect, the company said.Wingtech and another subsidiary, Yuching Holding, filed the complaint against respondents Nexperia Holding, Nexperia BV, Ruben Everard Gerard Lichtenberg, Achim Albert Kempe, Stefan Tilger, and ITEC.Should the defendants fail to comply, Wingtech will request the entire equity of Nexperia and related subsidiaries be transferred to the listed parent company free of charge, according to the filing.Wingtech earlier sought international arbitration to claim $8 billion in damages from the Dutch government's seizure of Nexperia, Reuters reported back in January.The Netherlands seized control of Nexperia from Wingtech under the Goods Availability Act back in September 2025 to ensure the availability of finished and semi-finished products during an emergency."It is not, and never has been, Nexperia's intention to harm the interests of Wingtech's shareholders, nor that of our customers and partners worldwide," Nexperia said in a statement released Friday.Nexperia said it started proceedings in October against Wingtech to stop "severe mismanagement" related to a conflict with suspended CEO Zhang Xuezheng.The Dutch government's announcement back then came after U.S. President Donald Trump expanded U.S. sanctions to include subsidiaries of blacklisted companies in sensitive industries, heightening further trade tensions between Washington and Beijing, Bloomberg reported separately in October 2025.Beijing's Commerce Ministry earlier slammed Nexperia in March for "severely" disrupting business operations by disabling employee accounts in China, while warning the Dutch side it will bear "full responsibility" should another chip crisis ensue.But days after, Beijing's tone became more conciliatory after the ministry said it is willing to iron out relations with the Netherlands.Commerce Minister Wang Wentao and Dutch Minister of Foreign Trade and Development Cooperation Sjoerd Sjoerdsma exchanged views on semiconductor trade in a meeting in Cameroon and also touched on the Nexperia issue, the ministry said.

SHA:600745
Asia

Wingtech Sues Nexperia for 8 Billion Yuan Amid Dutch Control Dispute

Wingtech (SHA:600745) sued its subsidiary, Nexperia, and other related defendants as it sought up to 8 billion yuan in damages while demanding to regain control of the Dutch subsidiary, according to the Shanghai bourse filing on Saturday.The chipmaker's control over Nexperia remains restricted even through the ministerial order to take full control of the unit was suspended, the company said in a filing.The case, which is yet to be heard, was filed on Saturday at the Intermediate People's Court of Dongguan City, Guangdong Province, China.

SHA:600745
US Markets

Wingtech's Losses Deepen in 2025 Amid Nexperia Control Dispute

Wingtech's (SHA:600745) losses widened in 2025 as it continues to grapple with a complex dispute involving its semiconductor subsidiary, Nexperia.The Chinese semiconductor company's net loss attributable to shareholders ballooned to 8.75 billion yuan from 2.83 billion yuan a year earlier, according to a Shanghai bourse filing on Thursday.Loss per share widened to 7.03 yuan from 2.28 yuan a year earlier.Operating revenue dropped 58% to 31.3 billion yuan from 73.6 billion yuan in the previous year.The primary driver behind the decline was the loss of control over Nexperia in 2025. Following a seizure by the Dutch government over national security concerns regarding technology exports, Wingtech's production capabilities were severely disrupted.While Wingtech eventually secured licensing exemptions for semiconductor exports from Nexperia, its control over several of the unit's overseas entities remain restricted.As a result of the Nexperia fallout, Wingtech said it booked an investment loss of 8.95 billion yuan in 2025."The company is actively pursuing legal remedies and simultaneously advancing domestic supply chain development, relying on existing domestic capacity to ensure supply to customers in China and globally, while safeguarding shareholder interests," Wingtech said.Wingtech added that Nexperia China is working with Chinese partners to actively establish and integrate its transistor product lines.The downward trend persisted into the first quarter of 2026, with Wingtech reporting an attributable loss of 189.3 million yuan, versus an attributable profit of 261.4 million yuan a year earlier.Loss per share stood at 0.15 yuan, compared with earnings per share of 0.21 yuan a year prior.Operating revenue in Q1 plummeted 94% to 816.4 million yuan from 13.1 billion yuan in the preceding year.Despite these challenges, the broader Chinese semiconductor industry is pushing self-sufficiency in response to trade restrictions from the US and other partners.Analysts suggest that rising local demand and the use of domestic solutions to bridge the "compute gap" could help stabilize revenue for the sector later this year, CNBC reported earlier in April.

SHA:600745
Asia

Wingtech Swings to Loss in Q1

Wingtech (SHA:600745) swings to a net loss attributable to shareholders of 189.3 million yuan in the first quarter from the year-ago attributable profit of 261.4 million yuan, according to a Shanghai bourse filing on Thursday.Loss per share was 0.15 yuan, compared to the year-ago earnings per share of 0.21 yuan.Operating revenue slumped 94% year on year to 816.4 million yuan from 13.1 billion yuan.

SHA:600745
Asia

Wingtech's Loss Widens in 2025

Wingtech's (SHA:600745) net loss attributable to shareholders for 2025 widened year on year to 8.75 billion yuan from 2.83 billion yuan, according to a Shanghai bourse filing on Thursday.Loss per share widened to 7.03 yuan from 2.28 yuan a year earlier.Operating revenue dropped 58% 31.3 billion yuan from 73.6 billion yuan in the previous year.

SHA:600745