Core Viewpoint - The Dutch government's decision to freeze the global operations of Nexperia, a subsidiary of Wentech Technology, is criticized as an excessive intervention based on geopolitical bias rather than factual risk assessment, violating EU principles of market economy and fair competition [1][3]. Group 1: Company Position - Wentech Technology firmly opposes the politicization of commercial issues and condemns the discriminatory treatment against Chinese enterprises [2][3]. - The company has consistently adhered to laws and regulations since acquiring Nexperia, contributing significantly to the European semiconductor industry [5]. Group 2: Financial Performance - Nexperia's revenue peaked at €2.36 billion in 2022, with gross margin increasing from 25% in 2020 to 42.4% in 2022 [8]. - Research and development investment has grown from €112 million in 2019 to €284 million in 2024, with a significant increase in new patent applications [8]. Group 3: Legal and Governance Issues - Some foreign management at Nexperia are attempting to change the company's equity structure through legal means, which is linked to the Dutch government's directive, seen as a political pressure tactic to undermine shareholder rights [10]. - The company is committed to defending its legal rights and has initiated legal and diplomatic actions to demand the withdrawal of the Dutch government's directive and to stop systemic discrimination against Chinese companies [12].

Core Viewpoint - The company strongly opposes the Dutch government's intervention in Nexperia's operations, arguing that it is based on geopolitical bias rather than factual risk assessment, which contradicts the principles of market economy and fair competition advocated by the EU [1][3]. Group 1: Company Position - The company condemns the politicization of commercial issues and emphasizes that the intervention is discriminatory against Chinese enterprises [2][3]. - The company asserts that it has adhered to all relevant laws and regulations since acquiring Nexperia, maintaining transparency and proper governance [5][6]. Group 2: Financial Performance and Contributions - Nexperia's revenue reached a peak of €2.36 billion in 2022, with gross margin increasing from 25% in 2020 to 42.4% in 2022 [8]. - The company has made significant contributions to the Dutch economy, paying €130 million in corporate taxes over the past five years and increasing R&D investment by over 150% in the last three years [7][8]. Group 3: Legal and Governance Issues - Some foreign management at Nexperia are attempting to change the company's ownership structure through legal means, which is seen as a political maneuver to undermine shareholder rights and disrupt the company's governance [10][12]. - The company is committed to defending its legal rights and has initiated all necessary legal and diplomatic actions to demand the withdrawal of the Dutch government's erroneous directive [12][11]. Group 4: Industry Perspective - The semiconductor industry is characterized as a product of globalization, with its future dependent on collaboration rather than confrontation [14]. - The company calls for an end to systemic discrimination against Chinese enterprises and advocates for an open and cooperative global semiconductor supply chain [15][14].

Core Viewpoint - The company condemns the Dutch government's decision to freeze Nexperia's global operations under the pretext of "national security," arguing that it violates market economy principles and is a discriminatory treatment against Chinese enterprises [1][2]. Group 1: Company Operations and Financial Performance - Nexperia's revenue reached a peak of €2.36 billion in 2022, with a gross margin increase from 25% in 2020 to 42.4% in 2022 [3][14]. - The company has achieved "zero debt" status by October 2024, having repaid all previous debts [3][14]. - Research and development investment has steadily increased from €112 million in 2019 to €284 million in 2024, with a growing proportion of capitalized expenditures [3][14]. - The number of global patent applications significantly increased, with 95 new applications in 2023 and 110 expected in 2024, compared to an average of 10-15 per year before 2019 [3][14]. Group 2: Legal and Political Context - Some foreign executives at Nexperia are attempting to change the company's ownership structure through legal means, which the company views as a malicious extension of external political pressure [4][16]. - The company has initiated all legal and diplomatic avenues to defend its rights and has emphasized its commitment to not yield to external political pressures [5][17]. Group 3: Call for Fair Business Practices - The company calls for a return to rationality and the essence of business, advocating for a fair and non-discriminatory business environment for enterprises [6]. - It emphasizes that the semiconductor industry is a product of globalization, and its future relies on collaboration rather than confrontation [6].

Core Viewpoint - Wentech Technology's semiconductor business faces significant challenges due to a Dutch government order freezing operations and internal disputes among executives [1][10][12]. Group 1: Government Intervention - The Dutch government has issued a ministerial order preventing Wentech's subsidiary, Anshi Semiconductor, from making any adjustments to its assets, intellectual property, or operations for one year [10][12]. - Wentech claims that the government's actions are based on unfounded "national security" concerns and represent excessive geopolitical interference [1][10]. - The order is seen as a violation of EU principles of market economy and fair competition [1]. Group 2: Internal Disputes - Anshi's foreign executives have initiated legal proceedings to investigate the company, which has led to the suspension of the CEO appointed by Wentech [12][13]. - The Dutch court has appointed a foreign individual as a non-executive director with decisive voting rights, further complicating Wentech's control over Anshi [12][13]. Group 3: Financial Performance and Business Impact - In 2024, Wentech's semiconductor business generated revenue of 14.715 billion yuan, with a gross margin of 37.47% and a net profit of 2.297 billion yuan [17]. - Anshi Semiconductor reached a revenue peak of 2.36 billion euros in 2022 and has contributed 130 million euros in corporate income tax to the Netherlands over the past five years [17]. - Following Wentech's acquisition, Anshi has improved its global ranking in power discrete devices from 11th in 2019 to 3rd [17]. Group 4: Broader Industry Context - The current geopolitical climate poses challenges and opportunities for Chinese manufacturing, particularly in high-tech sectors [17]. - Wentech's global revenue reached 73.6 billion yuan in 2024, with overseas income accounting for 52.9 billion yuan, indicating its status as a global enterprise [18].

Core Viewpoint - The announcement regarding the restrictions imposed on Nexperia, a key semiconductor asset of Wentech Technology, has significantly impacted the company's stock price and market perception, raising concerns about its operational and financial stability [1][2]. Group 1: Company Overview - Wentech Technology's stock price is currently at 46.48 yuan, with a market capitalization of 57.848 billion yuan [1]. - Nexperia, acquired by Wentech in 2019, is a leading player in the discrete and power semiconductor market, contributing significantly to Wentech's revenue and profit [4]. Group 2: Government Restrictions - The Dutch government has issued a ministerial order freezing Nexperia's assets, intellectual property, and operations for one year, affecting all 30 global entities under Nexperia [3]. - Following the ministerial order, a Dutch court suspended Wentech's founder Zhang Xuezheng from his director roles at Nexperia and appointed an independent director with decisive voting rights [1][4]. Group 3: Financial Impact - In 2024, Nexperia's semiconductor business generated 14.715 billion yuan in revenue and 2.297 billion yuan in net profit for Wentech [4]. - The semiconductor segment remains Wentech's core focus, with the latest half-year report for 2025 showing revenue of 7.825 billion yuan, an increase of 11.23%, and net profit of 1.261 billion yuan, up 17.05% [4]. Group 4: Company Response - Wentech has expressed strong opposition to the Dutch government's actions, asserting its rights as a legitimate shareholder and emphasizing the need for fair treatment in the semiconductor industry [2][5]. - The company has initiated emergency measures, including maintaining communication with suppliers and customers, seeking legal remedies, and engaging with government entities for support [6][5]. Group 5: Market Outlook - The market's reaction to Wentech's stock and convertible bonds upon their resumption of trading on October 13, 2025, will be critical in assessing the impact of this "black swan" event [7].

Core Viewpoint - The company criticizes the Dutch government's decision to freeze global operations of Nexperia on the grounds of "national security," labeling it as an excessive intervention based on geopolitical bias rather than factual risk assessment [1] Group 1: Company Performance - The company asserts that after completing the 100% acquisition of Nexperia, it has significantly improved the operational quality of Nexperia, surpassing historical levels in financial performance, technological asset accumulation, operational resilience, and market position [1] Group 2: Regulatory Environment - The company argues that the Dutch government's actions violate the principles of market economy, fair competition, and international trade rules consistently advocated by the European Union [1] Group 3: Response to Discrimination - The company expresses strong protest against the discriminatory treatment of Chinese enterprises by the Dutch government [1]

本报记者 李万晨曦 10月12日，闻泰科技股份有限公司（证券简称"闻泰科技"，证券代码：600745）发布公告披露重要信息，同时，公司股票 及可转换公司债券（转债简称：闻泰转债，转债代码：110081）将自2025年10月13日（星期一）开市起复牌，公司可转换公司 债券"闻泰转债"恢复转股。 子公司控制权暂时受限 公告提到，近期，公司子公司安世半导体有限公司（以下简称"安世半导体"）以及安世半导体控股有限公司（以下简 称"安世半导体控股"）（以下合称"安世"）收到荷兰经济事务与气候政策部下达的部长令（Order）和阿姆斯特丹上诉法院企业 法庭（以下简称"企业法庭"）的裁决。具体来看： 荷兰时间2025年9月30日，荷兰经济事务与气候政策部对安世下达部长令（Order），要求安世及其下属所有子公司、分公 司、办事处等全球30个主体对其资产、知识产权、业务及人员等不得进行任何调整，有效期为一年。 此外，荷兰时间2025年10月1日，安世半导体控股以及安世半导体（荷兰注册主体）法定董事兼首席法务官Ruben Lichtenberg（CLO，荷兰籍）在获得其他两位高管，即首席财务官Stefan Tilger（CFO， ...

Core Viewpoint - The Dutch government's decision to freeze global operations of Nexperia, a subsidiary of Wingtech Technology, is criticized as an excessive intervention based on geopolitical bias rather than factual risk assessment [1][2] Group 1: Company Actions and Financial Performance - Wingtech Technology has completed a 100% acquisition of Nexperia, leading to significant improvements in operational quality, financial performance, technological asset accumulation, operational resilience, and market position [6] - Nexperia's revenue reached a peak of €2.36 billion in 2022, with gross margin increasing from 25% in 2020 to 42.4% in 2022 [6] - By October 2024, Nexperia is expected to have paid off all previous debts, achieving a "zero debt" operation [6] - R&D investment at Nexperia has steadily increased from €112 million in 2019 to €284 million in 2024, with a growing proportion of capitalized investments [6] - The number of new patent applications globally has significantly increased since 2022, totaling more than the combined applications of the previous 3-4 years [6] Group 2: Legal and Political Context - Certain foreign management at Nexperia is attempting to change the company's equity structure through legal means, which is closely linked to the Dutch government's directives, essentially using political pressure to undermine shareholder rights and disrupt the company's legitimate governance structure [7] - The company condemns actions disguised as "compliance" that are fundamentally aimed at seizing control [7] - Wingtech Technology, as a long-term strategic shareholder, will not yield to external political pressure and has initiated all legal and diplomatic avenues to advocate for rationality and the essence of business [9] Group 3: Industry Perspective - The semiconductor industry is a product of globalization, and its future relies on collaboration rather than confrontation [10] - Governments should provide a fair and non-discriminatory business environment for enterprises instead of weaponizing technological cooperation [10] - The company expresses a commitment to work with all partners to maintain stability and innovation in the semiconductor industry [10]

Core Viewpoint - The Dutch government's decision to freeze the global operations of Nexperia, a subsidiary of Wentech Technology, is seen as an excessive intervention based on geopolitical bias rather than factual risk assessment, contradicting the EU's principles of market economy and fair competition [1][3][17]. Company Response - Wentech Technology firmly opposes the politicization of commercial issues and condemns the discriminatory treatment of Chinese enterprises by the Dutch government [2][3][11]. - The company emphasizes its commitment to legal rights and corporate governance, asserting that it will not yield to external political pressure [11][17]. Operational Impact - The Dutch Ministry of Economic Affairs has issued a directive that freezes Nexperia's assets, intellectual property, and personnel for one year, severely impacting its operations [17]. - A Dutch court has temporarily suspended Wentech's chairman from his position at Nexperia and appointed an independent director with decisive voting rights, further complicating the company's governance [17]. Financial Performance - Nexperia is a crucial profit source for Wentech, contributing 14.715 billion yuan in revenue and 2.297 billion yuan in net profit in 2024 [17]. - Since Wentech's acquisition, Nexperia has seen significant improvements in operational quality, with revenue reaching 2.36 billion euros in 2022 and a gross margin increase to 42.4% [7][8]. R&D and Contributions - Nexperia has maintained compliance with local laws and has made substantial contributions to the European semiconductor industry, employing thousands and investing over 150% more in R&D over the past three years [5][8]. - The company has significantly increased its patent applications, with a rise from 10-15 annually before 2019 to 110 in 2024 [7][8]. Call for Rationality - Wentech calls for a return to rationality and the essence of business, urging governments to avoid weaponizing technology cooperation and to respect the symbiotic relationship within the global semiconductor industry [12][18].

Core Viewpoint - The Dutch government's intervention in the operations of Nexperia, a subsidiary of Wingtech Technology, is viewed as an excessive interference based on geopolitical bias rather than factual risk assessment, violating principles of market economy and fair competition advocated by the EU [1] Group 1: Company Position - Wingtech Technology strongly protests against the discriminatory treatment of Chinese enterprises by the Dutch government [1] - Since acquiring Nexperia, the company has adhered to national laws and regulations, maintaining transparency and proper governance [1] - The company condemns attempts by certain foreign management to alter Nexperia's ownership structure through legal means, which are closely linked to the Dutch government's directives [1] Group 2: Legal and Diplomatic Actions - The company has initiated all legal and diplomatic avenues to demand the immediate withdrawal of the Dutch government's erroneous directives [1] - There is a call to stop the systematic discrimination against Chinese enterprises and to uphold the openness and cooperation of the global semiconductor supply chain [1]