WINGTECH(SH:600745) Chang Jiang Shang Bao·2026-02-27 00:00Core Viewpoint - Wentech Technology (600745.SH) has changed its auditing firm for the second time within a year, primarily due to significant operational challenges and the need to adapt to market conditions [2][4][8]. Group 1: Change of Auditing Firm - Wentech Technology held a temporary shareholders' meeting on February 24, 2026, to approve the change of its auditing firm to Rongcheng Accounting Firm [1][4]. - The company previously appointed PwC Zhongtian as its auditing firm for the 2025 fiscal year but decided to switch to Rongcheng due to evolving business needs and market conditions [5][6]. - The change comes after the company faced a significant operational challenge related to the control of Nexperia, which has impacted its financial performance [6][10]. Group 2: Financial Performance and Losses - Wentech Technology anticipates a substantial loss for 2025, projecting a net loss between 90 billion to 135 billion yuan, primarily due to significant investment losses and asset impairment [2][10]. - For the first three quarters of 2025, the company reported revenues of 29.769 billion yuan and a net profit of 1.513 billion yuan, reflecting a year-on-year change of -44% and +265.09%, respectively [10]. - The company is expected to recognize large amounts of investment losses and asset impairment losses, which will significantly affect its 2025 financial results [10]. Group 3: Nexperia Control Issues - Wentech Technology is currently dealing with a control dispute over Nexperia, which has led to restrictions on its operational capabilities [8][9]. - The Dutch government and judicial interventions have caused a split between Nexperia's headquarters in the Netherlands and its operations in China, contributing to a global chip supply crisis [9]. - The company is actively pursuing legal avenues to regain full control over Nexperia and is focusing on maintaining its core business operations during this challenging period [10].