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Why Wingtech stock is falling today

Wingtech Technology stock falls 3.6% due to dispute with Nexperia and delisting risk. Revenue drops 94% in Q1.

Samuel Nguyen
BySamuel Nguyen- Senior Editor
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Wingtech Technology stock fell 3.6% to 16.2 CNY amid ongoing dispute with Dutch chipmaker Nexperia.

The company faces delisting risk after its auditor issued a disclaimer of opinion on Nexperia's financial records.

First-quarter revenue plunged 94% year-on-year to 816 million yuan.

Wingtech is demanding €6.8 billion compensation from the Dutch state over Nexperia.

The Chinese tech sector is weak, with the Shanghai Composite sliding 2%.

A formal delisting warning has been in place since May 6.

If issues aren't resolved by end-2026, the stock could be forced off the exchange.

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Why Wingtech stock is falling today | Bond.az