Wingtech posts $1.3 billion loss and faces Shanghai delisting as Nexperia audit collapses — 57% of company's assets can't be verified

Wingtech reported a 2025 net loss of 8.7 billion yuan after writing down its Nexperia stake.

Auditor RSM said it could not verify about 57% of Wingtech’s assets because it lacked access to Nexperia data.

The Shanghai Stock Exchange has flagged a delisting risk, with removal possible if the audit issues are not fixed by end-2026.

The crisis shows how the Wingtech-Nexperia dispute is undermining financial reporting, market access, and control of a key chip business.