Sinowealth Electronics has issued a trading suspension notice, stating that due to the planned change in control of the company by its controlling shareholder, Welltrend International, trading in the company's shares will be suspended for a period not exceeding two trading days, commencing June 9, 2025. Sinowealth Electronics, a chip design company specializing in industrial microcontrollers (MCUs) and battery management chips, experienced a mixed financial performance in 2024.

Last year, the company reported revenues of 1.343 billion yuan, marking a 3.32% increase year-on-year. However, net profit declined by 28.01%. Continuing into the first quarter of 2025, revenues amounted to 319 million yuan, while net profit suffered a steeper decline of 50.1%. Despite the challenges posed by intensifying market competition and rising costs, Sinowealth Electronics has identified new development opportunities stemming from the growing demand for domestic substitution.