WINGTECH(SH:600745) Zheng Quan Shi Bao·2025-10-15 22:23Core Viewpoint - The company, Wentai Technology, is facing challenges due to the Dutch government's intervention in its subsidiary, Nexperia, but remains optimistic about its long-term value and plans to continue its employee stock ownership plan [1][2]. Group 1: Employee Stock Ownership Plan - The company held a shareholder meeting on October 15, approving the "2025 Employee Stock Ownership Plan" with a funding cap of 57.158 million yuan, aiming to issue up to 1.572 million shares, approximately 0.13% of the total share capital [2]. - The performance targets for the employee stock plan are based on the net profit of the semiconductor division, with growth rates set at 20%, 80%, and 110% for 2025, 2026, and 2027 respectively, or based on average revenue growth rates of 5%, 14%, and 23% for the same years [2]. Group 2: Nexperia's Operational Challenges - Nexperia announced on October 14 that the Chinese Ministry of Commerce issued an export control announcement on October 4, prohibiting the export of specific finished parts and subcomponents produced in China [3]. - The Dutch government has frozen Nexperia's global operations citing national security concerns, leading to significant management changes, including the appointment of a new interim CEO [4][5]. Group 3: Company Response and Future Outlook - The company is actively communicating with international legal teams to explore legal remedies and protect shareholder rights amid the operational challenges faced by Nexperia [2][7]. - The company aims to stabilize its domestic supply chain, which constitutes about 80% of its total production capacity, and increase its market share in China from approximately 50% to 80% in the future [6]. - In the first half of the year, the company reported total revenue of 25.341 billion yuan, a year-on-year decrease of 24.56%, while net profit attributable to shareholders was 474 million yuan, a year-on-year increase of 237.36% [6].