"Wingtech reported a net loss of 1.2 billion euros, largely attributed to an accounting write-down on its stake in Nexperia, which was adjusted to 24.38 billion yuan. This loss reflects the immediate impact of losing actual control over the Dutch chip manufacturer."
"RSM, the accounting firm for Wingtech, claims it has no access to Nexperia's financial data, which accounts for 57 percent of Wingtech's assets. This lack of access prevents RSM from confirming the accuracy of Wingtech's financial statements."
"Since October 2025, Nexperia has operated independently of Wingtech following the suspension of CEO Zhang Xuezheng due to mismanagement. The Dutch government intervened previously but later stated that resolution of disputes is up to the companies and courts."
Wingtech's 2025 annual report reveals a net loss of 1.2 billion euros, primarily due to an accounting write-down on its stake in Nexperia. The stake's value was adjusted to 24.38 billion yuan, leading to a significant loss. Nexperia has been operating independently since October 2025 after the suspension of CEO Zhang Xuezheng due to mismanagement. The accounting firm RSM lacks access to Nexperia's financial data, raising doubts about the reliability of Wingtech's financial statements. A formal investigation into Nexperia's governance has also been ordered.
Read at Techzine Global
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