Wingtech Technology Reports RMB 189 Million Net Loss in Q1 2026, Shifting from Profit to Loss Year-on-Year
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Author:小编   

Wingtech Technology has revealed that its revenue for the first quarter of 2026 stood at RMB 816 million, marking a substantial year-on-year decline of 93.77%. Moreover, the net profit attributable to the parent company suffered a loss of RMB 189 million, in stark contrast to the RMB 261 million profit recorded during the same period the previous year, thus indicating a year-on-year transition from profitability to a loss. This notable shift in performance can be primarily attributed to the gradual divestment of the product integration business in 2025. Additionally, since the fourth quarter of 2025, the control rights over Nexperia's overseas-related entities have been restricted and are consequently no longer part of the consolidated financial scope. As a result, there has been a significant reduction in both the business structure and scale when compared to the corresponding period of the previous year.