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Chinese electronics ODM (phones/IoT devices) that also owns Nexperia, a major discrete/analog semiconductor maker.
Chinese electronics ODM (phones/IoT devices) that also owns Nexperia, a major discrete/analog semiconductor maker.
Assembles phones and devices to other brands' designs at thin margins, while Nexperia, which sells discrete chips in bulk to carmakers and electronics makers, earns the higher margins. Control of Nexperia has been contested since late 2025, when the Dutch government stepped in over its management.
In one line: A hybrid of Foxconn (ODM) and ON Semiconductor (via Nexperia).
Moat: narrow (scale, IP / patents). Nexperia's discrete-chip scale and ODM manufacturing scale give some cost/relationship edge.
Headquarters: Jiaxing, China · Founded: 2006 · Employees: 3,548
Size Wingtech Technology (600745.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $2.26B, the 1127th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.49 on 6 Nov 2026.
Performance Over six months the shares fell 59.1%, against -27.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue fell 93.0% over the last twelve months (peer median +10.9%); the operating margin is -29.8% (peer median 2.1%).
Valuation It trades at 5.5× enterprise value to sales against a peer median of 2.9× (7th most expensive of 21).
Capital Return on invested capital runs 10.6 points below its cost of capital (9.0% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.53B | CN¥31.2B | CN¥73.4B | CN¥61.2B | CN¥58.0B |
| Revenue growth | — | -57% | +20% | +5% | — |
| Gross profit | CN¥1.42B | CN¥5.08B | CN¥5.70B | CN¥8.22B | CN¥9.15B |
| EBITDA | n/a | CN¥3.27B | CN¥4.22B | CN¥6.34B | CN¥6.11B |
| Net income | -CN¥10.9B | -CN¥8.75B | -CN¥2.83B | CN¥1.18B | CN¥1.46B |
| Free cash flow | -CN¥288M | CN¥3.96B | CN¥1.51B | CN¥982M | -CN¥5.13B |
| Capital expenditure | CN¥293M | CN¥2.02B | CN¥3.07B | CN¥4.89B | CN¥6.97B |
| Total debt | CN¥7.55B | CN¥8.83B | CN¥20.7B | CN¥20.2B | CN¥22.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Wingtech Technology 600745.SS | $2.26B | -59% | -93% | -30% | 5.5× | n/a |
| Shenzhen Transsion 688036.SS | $11.6B | +13% | -1% | 5% | 1.1× | n/a |
| ON Semiconductor ON | $24.6B | -39% | +3% | 19% | 3.9× | 20.0% |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 4.2× | 30.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600745.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.2% | -7.8% | 2nd lowest of 21 |
| 6-month return | -59.1% | -27.1% | 2nd lowest of 20 |
| Distance from 52-week high | -76.0% | -51.2% | 3rd lowest of 21 |
| Revenue growth (TTM) | -93.0% | +10.9% | lowest of 21 |
| Operating margin | -29.8% | 2.1% | 3rd lowest of 21 |
| EV / Sales | 5.5× | 2.9× | 7th most expensive of 21 |
| ROIC minus cost of capital | -10.6 pp | -3.5 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | 5.5× | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | 36.5× | n/a | n/a |
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 2.6× | n/a | n/a |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | 62.8× | n/a | n/a |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 4.9× | 20.5% | +9.0% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 0.6× | -0.5% | +12.0% |
| Shanghai Longcheer Technology 603341.SS | China | $2.12B | +2% | +1% | 0% | 0.5× | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 11.0× | n/a | n/a |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 4.2× | 18.6% | +21.3% |
| Shenzhen KTC Technology 001308.SZ | China | $2.09B | +3% | 0% | 3% | 1.2× | n/a | n/a |
| MeiG Smart Technology 002881.SZ | China | $1.92B | +8% | +24% | 7% | 2.8× | n/a | n/a |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | 2.1× | 18.5% | +4.7% |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 1.5× | 23.1% | +13.1% |
| Fibocom Wireless 0638.HK | Hong Kong | $1.89B | -48% | +9% | 2% | 1.8× | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 1.4× | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | 11.2× | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 33.8× | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | 3.5× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | 10.1× | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | 3.0× | -11.0% | +19.4% |
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 0.2× | n/a | n/a |