WINGTECH(SH:600745) Ju Chao Zi Xun·2025-08-29 16:10Core Viewpoint - Wentech Technology reported a significant decline in revenue for the first half of 2025, but achieved substantial growth in net profit, indicating a strong recovery in its semiconductor business despite overall revenue challenges [2][4]. Financial Performance - Revenue for the first half of 2025 was 25.34 billion yuan, a decrease of 24.56% year-on-year [3]. - Net profit attributable to shareholders was 474 million yuan, an increase of 237.36% year-on-year [3]. - The net profit after deducting non-recurring gains and losses was 335 million yuan, marking a turnaround from a loss in the previous year [3]. - The semiconductor business generated revenue of 7.83 billion yuan, up 11.23% year-on-year, with a gross margin of 37.89% [2][4]. - Cash flow from operating activities increased by 61.28% to 4.26 billion yuan [4]. Business Segments - The company holds leading positions in various semiconductor segments, including being the global leader in small signal diodes and transistors, and second in logic ICs and automotive-grade Power MOS [2]. - The semiconductor business saw a recovery in demand, particularly in power and analog semiconductors, driven by the acceleration of electric and intelligent vehicle development in China [4][5]. Strategic Developments - Wentech Technology is focusing on strategic transformation by divesting its product integration business to concentrate resources on its semiconductor operations [6]. - The company is enhancing its global footprint and accelerating the development of high-voltage and analog products, while also promoting domestic production in China [4][5]. - New product launches, including analog chips and next-generation MOS products, are expected to bolster future growth [5].