Core Viewpoint - The Chinese government opposes the politicization of trade issues and discriminatory practices against specific national enterprises, emphasizing the importance of adhering to market principles [1] Group 1 - The Dutch government plans to impose restrictions on China's Wingtech Technology's subsidiary, Nexperia [1] - The Chinese Foreign Ministry spokesperson, Lin Jian, highlighted the need for countries to respect market principles and avoid politicizing economic and trade matters [1] - China remains steadfast in protecting its legitimate rights and interests [1]

闻泰科技今日跌停，成交额1.71亿元，换手率0.33%，盘后龙虎榜数据显示，4家机构专用席位净买入 4699.18万元，有1家机构专用席位净卖出4183.00万元。 ...

Core Viewpoint - The Chinese government expresses strong opposition to the Netherlands' discriminatory measures against Nexperia, a subsidiary of Wingtech Technology, emphasizing the need to adhere to market principles and avoid politicizing economic issues [1] Group 1 - The Chinese Foreign Ministry spokesperson Lin Jian addressed a question regarding the Dutch government's restrictions on Nexperia, suggesting that inquiries should be directed to the relevant Chinese authorities [1] - Lin Jian reiterated China's consistent stance against the broadening of the "national security" concept and highlighted the importance of maintaining legitimate rights and interests [1] - The spokesperson called for countries to comply with market principles and refrain from implementing discriminatory practices against specific national enterprises [1]

Core Viewpoint - The Chinese government expresses strong opposition to the Netherlands' discriminatory measures against Chinese companies, emphasizing the importance of adhering to market principles and avoiding the politicization of economic issues [2][2][2] Group 1 - The Dutch government plans to impose restrictions on the Chinese company Wingtech Technology's subsidiary, Nexperia [2] - The Chinese spokesperson urges relevant countries to respect market principles and refrain from targeting specific national enterprises with discriminatory practices [2][2] - The Chinese government remains steadfast in protecting its legitimate rights and interests [2][2][2]

Event Impact - On October 9, 2025, Wentai announced a suspension of trading for its convertible bonds due to undisclosed important information[1] - The Dutch government mandated that its subsidiary, Anshi Semiconductor, must maintain its current operational status for one year, affecting decision-making authority[1] - Despite operational changes, Anshi's profits will still fully belong to Wentai, indicating no immediate impact on shareholder economic rights[1] Company Position - Wentai firmly opposes the politicization of business issues and is pursuing legal and diplomatic channels to challenge the Dutch government's directive[2] - The company emphasizes that Anshi's compliance and contributions should not be undermined, and it seeks to counter external political pressures[2] Risk Assessment - Concerns exist regarding whether the equity freeze could trigger ST (Special Treatment) regulations; however, current assessments suggest limited risk of triggering delisting warnings[2] - The likelihood of operational disruptions that could lead to ST warnings is considered low at this stage[2] Convertible Bond Pricing - Wentai's convertible bond prices are nearing their floor value, indicating that adjustments have been sufficient; further monitoring of the situation is advised[3] - If the Dutch government's restrictions ease, there may be opportunities for valuation recovery in the future[3] Risk Warning - The potential for unexpected developments in the situation remains a concern[4]

闻泰科技微博发布"关于荷兰政府干预闻泰科技旗下安世半导体运营的严正立场"。 间泰科技 荷兰政府以莫须有的"国家安全"为由,对安世半导体实施全球运营冻结,是基于地 缘政治偏见的过度干预,而非基于事实的风险评估。此举严重违背了欧盟一贯倡导 的市场经济、公平竞争和国际经贸规则。我们对这种针对中资企业的歧视性待遇表 示强烈抗议。 安世半导体的合规性与贡献不容抹杀 自从闻泰科技收购安世半导体以来，始终恪守各国法律法规，运营透明、治理规 范。长期以来，公司持续为欧洲半导体产业链带来价值： · 在荷兰、德国、英国等地设有研发与制造中心,雇佣数千名员工; +关注 25-10-13 16:06 发布于 上海 来自 微博网页版 关于荷兰政府干预闻泰科技旗下安世半导体运营的严正立场 尊敬的投资者、合作伙伴及社会各界朋友们: 闻泰科技作为安世半导体 (Nexperia) 的控股股东,就荷兰经济事务部近期依据 《物资供应法》对安世半导体实施的行政指令,以及公司内部部分管理层发起的法 律行动, 发表以下严正声明: 坚决反对将商业问题政治化 · 近三年研发投入增长超150%,全球专利数量提升近千项; · 近五年来安世为荷兰贡献了 1.3亿 ...

Core Viewpoint - The company strongly opposes the Dutch government's intervention in Nexperia's operations, arguing that it politicizes commercial issues and is based on unfounded "national security" claims, which contradicts the principles of market economy and fair competition advocated by the EU [1]. Group 1: Company Position - The company asserts that Nexperia has consistently complied with laws and regulations since its acquisition, contributing significantly to the European semiconductor industry [1]. - Nexperia has established R&D and manufacturing centers in the Netherlands, Germany, and the UK, employing thousands of workers [1]. - Over the past three years, Nexperia's R&D investment has increased by over 150%, and the number of global patents has risen by nearly a thousand [1]. Group 2: Financial Performance - 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 [3]. - By October 2024, Nexperia is expected to have paid off all prior debts, achieving a "zero debt" operation [3]. - R&D investment has steadily grown from €112 million in 2019 to €284 million in 2024, with an increasing proportion of capitalized expenses [3]. Group 3: Legal and Political Context - Internal legal actions by some foreign management members are viewed as malicious attempts to alter Nexperia's ownership structure, closely linked to the Dutch government's directives [4]. - The company condemns these actions as attempts to undermine shareholder rights and disrupt the legitimate governance structure [4]. Group 4: Future Commitment - The company, as a long-term strategic shareholder, will not yield to external political pressure and has initiated all legal and diplomatic avenues to demand the Dutch government retract its erroneous directives and cease systemic discrimination against Chinese enterprises [5]. - The company emphasizes the importance of maintaining an open and cooperative global semiconductor supply chain, advocating for a rational and non-discriminatory business environment [6].

Core Points - The Tonghuashun Fruit Index concept has seen a decline of 3.67%, ranking among the top declines in concept sectors, with notable stocks such as Wentai Technology hitting the limit down, and other companies like GoerTek, Lens Technology, and Pengding Holdings also experiencing significant drops [1] Group 1: Market Performance - The Tonghuashun Fruit Index concept experienced a net outflow of 3.904 billion yuan in main funds today, with 16 stocks seeing net outflows, and 10 stocks having outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Luxshare Precision, with a net outflow of 895 million yuan, followed by GoerTek, Industrial Fulian, and Lingyi iTech, with net outflows of 617 million yuan, 526 million yuan, and 455 million yuan respectively [2] Group 2: Stock Performance - The top decliners in the Tonghuashun Fruit Index concept included: - Luxshare Precision: -5.02% with a turnover rate of 3.68% and a main fund outflow of 894.67 million yuan - GoerTek: -6.80% with a turnover rate of 6.46% and a main fund outflow of 617.16 million yuan - Industrial Fulian: -4.41% with a turnover rate of 0.86% and a main fund outflow of 526.19 million yuan - Lingyi iTech: -4.61% with a turnover rate of 5.79% and a main fund outflow of 454.56 million yuan [2][3] - Conversely, the stocks with the highest net inflows included: - Xunwei Communication: +0.21% with a main fund inflow of 192.65 million yuan - BOE Technology: -1.44% with a main fund inflow of 55.57 million yuan - Lantek Optical: -5.01% with a main fund inflow of 10.69 million yuan [3]

Core Viewpoint - The company strongly opposes the Dutch government's intervention in Nexperia's operations, arguing that it politicizes commercial issues and is based on unfounded "national security" claims, which contradicts the principles of market economy and fair competition advocated by the EU [1][2]. Group 1: Company Compliance and Contributions - Since the acquisition of Nexperia, the company has adhered to local laws and regulations, maintaining transparency and good governance, contributing significantly to the European semiconductor industry [2]. - Nexperia has established R&D and manufacturing centers in the Netherlands, Germany, and the UK, employing thousands of workers, and has increased R&D investment by over 150% in the past three years [2]. - The company contributed €130 million in corporate income tax to the Netherlands over the past five years, demonstrating its substantial economic impact [2]. Group 2: Operational Performance Post-Acquisition - Following the complete acquisition of Nexperia, the company's operational quality has significantly improved, with revenue reaching a peak of €2.36 billion in 2022 and gross margin increasing from 25% in 2020 to 42.4% in 2022 [4]. - By October 2024, Nexperia is expected to have paid off all prior debts, achieving a "zero debt" status, while R&D investment is projected to grow from €112 million in 2019 to €284 million in 2024 [4]. - The number of global patent applications has surged, with 110 new applications expected in 2024, compared to an average of 10-15 annually before 2019 [4]. Group 3: Legal Actions and External Pressures - Some foreign management members are attempting to alter Nexperia's ownership structure through legal means, which is closely linked to the Dutch government's directives, representing a political pressure tactic to undermine shareholder rights [5]. - The company condemns these actions as attempts to disrupt its legitimate governance structure under the guise of compliance [5]. Group 4: Commitment to Rights and Industry Collaboration - The company, as a long-term strategic shareholder, is committed to defending its legal rights and has initiated legal and diplomatic actions to demand the Dutch government rescind its erroneous directives and stop systemic discrimination against Chinese enterprises [6]. - The semiconductor industry is viewed as a product of globalization, with its future dependent on collaboration rather than confrontation, advocating for a fair and non-discriminatory business environment [7].

Group 1 - The Chinese government opposes the broadening of national security concepts and discriminatory practices against specific national enterprises [2] - China emphasizes the importance of adhering to market principles and avoiding the politicization of economic issues [2] - The Chinese government is determined to safeguard its legitimate rights and interests [2]