WINGTECH(SH:600745) Zheng Quan Ri Bao·2025-06-09 13:08Core Viewpoint - Wentech Technology's major asset restructuring has been approved, marking a significant step in the company's strategic transformation and reflecting shareholder confidence in its future development [2][3]. Group 1: Major Asset Restructuring - The shareholders approved the transfer of 100% equity of five companies, including Kunming Wenxin Industrial Co., Ltd., to Luxshare Precision Industry Co., Ltd. and Luxshare Communications (Shanghai) Co., Ltd. through cash transactions [2]. - The restructuring is expected to improve the company's basic earnings per share from a loss of 2.28 CNY to a profit of 1.10 CNY if completed at the beginning of 2024, highlighting the positive market impact of the transaction [2][3]. Group 2: Financial Impact and Strategic Focus - Post-restructuring, Wentech Technology's total liabilities are projected to decrease by 8.545 billion CNY, and the debt-to-asset ratio will decline by 5.95 percentage points, enhancing the company's debt repayment capacity and cash flow [3]. - The company will strategically exit the product integration business to focus resources on semiconductor development, where it holds a significant global competitive advantage [3]. Group 3: Recent Financial Performance - In Q1 2025, Wentech Technology reported a net profit increase of 82.29% year-on-year, with semiconductor business revenue reaching 3.711 billion CNY, up 8.40% [4]. - The operating net profit grew by 65.14%, and the gross margin improved by over 7 percentage points to 38.32%, indicating strong operational performance [4]. - The company's cash and cash equivalents reached 9.453 billion CNY, doubling compared to the same period last year, providing robust support for business development [4].