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*ST WINGTECH (600745.SH): Control Over Nexperia Remains Temporarily Restricted
*ST WINGTECH (600745.SH) announced that its shares recorded a cumulative deviation in closing price decline of more than 12% over three consecutive trading days from last Wed to Fr...
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*ST WINGTECH (600745.SH): Control Over Nexperia Remains Temporarily Restricted
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*ST WINGTECH (600745.SH)  -1.090 (-5.009%)   announced that its shares recorded a cumulative deviation in closing price decline of more than 12% over three consecutive trading days from last Wed to Fri (6th to 8th), constituting abnormal stock price volatility. The stock was last reported at RMB22.9, down nearly 5%, with turnover of RMB24.716 million.

The company stated that its subsidiary Nexperia and Nexperia Holding (collectively referred to as "Nexperia") previously received a ministerial order issued by the Dutch Ministry of Economic Affairs and Climate Policy and a ruling from the Enterprise Chamber of the Amsterdam Court of Appeal. As of now, although the above ministerial order has been suspended, the relevant ruling of the Enterprise Chamber remains in effect, and the companys control over Nexperia is still temporarily restricted. The company will continue to exhaust all legal means to restore full control over Nexperia and safeguard investors interests.

In the first quarter, the companys semiconductor business recorded revenue of RMB808 million, net profit of RMB13 million, and a gross margin of 27.42%. The phased decline in gross margin was mainly due to incomplete recovery in production and sales volumes and relatively low capacity utilization, coupled with increased allocation of rigid fixed costs such as depreciation of fixed assets and compensation for core personnel. This represents normal financial performance arising from temporary fluctuations in operating scale. Currently, the companys operations remain stable, and there is no other material information that should be disclosed but has not been disclosed. (jl/da)(A Shares quote is delayed for at least 15 mins.)

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