Wingtech released the report for the third quarter of 2022,In the first three quarters, operating profit was 42.085 billion yuan, up 8.90% year-over-yearNet profit attributable to shareholders of listed companies after deducting non-recurring profits and losses was 1.957 billion yuan, up 1.22 percent year-over-year. Net profit attributable to shareholders of listed companies after deducting non-recurring profits and losses in the third quarter was 795 million yuan, an increase of 50.23% over the previous quarter.

In particular,Wingtech’s semiconductor business achieved operating income of 4.289 billion yuan and net income of 1.010 billion yuan in the third quarter, reaching the highest level in a single quarter’s history.。

In terms of semiconductor business, the financial report shows that in the first three quarters, Wingtech’s semiconductor business revenue and earnings continued to increase year-over-year and month-over-month. Operating income in the first, second and third quarters was 3.697 billion yuan, 3.962 billion yuan, 4.289 billion yuan, with net income of 854 million yuan, 872 million yuan and 1.010 billion yuan respectively.

On October 24, Wingtech announced that its subsidiary Nexperia Semiconductor (China) Co., Ltd. and the Huangjiang City People’s Government, Dongguan City have signed the investment agreement for the packaging plant expansion project and testing “Anshi Semiconductor (China) Co., Ltd.”. The total investment of the project is approximately 3 billion yuan and the content of the sector includes, but is not limited to, discrete devices, analog and logic integrated circuits and power MOSFETs. It is understood that the packaging and testing facility is currently the largest small signal components factory in the world, with an annual output of more than 50 billion.

In addition, the financial report revealed that Nexperia Malaysia’s Seremban packaging and testing facility initiated a substantial expansion of production in December last year. After the expansion, the production capacity will increase by 25 billion; The automotive-grade factory is accelerating; The new 8-inch wafer production line in Hamburg, Germany has been successfully put into operation.

In terms of product integration business, in the first three quarters, Wingtech’s product integration business achieved an operating profit of 28.109 billion yuan, a gross profit margin of 8.7% and a net loss of 404 million yuan, of which the third quarter had a net loss of 188 million yuan. Wingtech said that in the face of sluggish demand in the consumer electronics market, the company actively expands its international customers, implements AIoT, servers, automotive electronics, laptops and other fields to open up future growth space.

In the optical modules business, the net loss in the first three quarters was 34 million yuan, of which the net loss attributable to shareholders of listed companies was 24 million yuan. Wingtech said the optical modules business strives to improve management efficiency and continues to promote new designs. Previously, the company’s semi-annual report revealed that the testing and promotion of new models of its optical modules business is progressing smoothly, which will further deepen the partnership relationship with specific customers; at the same time, it is also further promoting its advanced technology products in automotive optics, laptops, ODM mobile phones. Applications in other fields will create new growth points.

by TechWeb