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          News of Wingtech

          Go Higher, Get Better - Wingtech Chairman 2021 New Year Speech

          2020-12-31

          Dear Wingtech Colleagues,

           

          Hello Everyone!

           

          2020 is not a peaceful year. We are not only under the influence of the COVID-19 epidemic, but also encounter serious trade conflicts and market fluctuations. Due to the repeated outbreaks of COVID-19 and various black swan incidents, which still cannot prevent us from achieving better growth than 2019. Both sales and profits have reached a record high.

           

          You’ve always been hard working in these days and nights, and you’ve always been diligent through rains and winds. Wingtech had marched on steadily all because of your struggle, persistence and generosity. On behalf of the management team, I would like to thank you all!

           

          At the beginning of 2020, COVID-19 outbreak happened, production in China just resumed in the second quarter. COVID-19 has again spread abroad, accompanied by sharp fluctuations in industry demand which made a lot of trouble for us. In the third quarter of the whole industry chain and suffered a double shocks of price increasing and out of stock, this year we have encountered various problems of tricky than ever. At the beginning of the COVID-19 outbreak, we started the emergency donation work on the eve of the Chinese New Year, and allocated 11 million RMB to designated hospitals in Hubei, Shanghai, Jiangsu, Zhejiang, Shaanxi, Yunnan and Guangdong provinces. The company quickly returned to work and production, and arranged production lines to produce masks and forehead thermometer and other disaster relief materials. Among the more than 40,000 employees worldwide, not one has been infected with the COVID-19, which indicates that our prevention and control measures are in place and positive. It not only protects the health of employees, but also ensures the safe resumption of production, while fulfilling our responsibility to the society.

           

          Under such adverse circumstances, I am pleased to see the rapid growth of the system integration business in the first three quarters and the strong recovery of our semiconductor business in the second half of the year, which resulted in our highest sales and profits since our founding.

           

          In 2020, the communications product integration business of Wingtech has expanded rapidly. The construction of Wingtech 5G Intelligent Manufacturing Park will start in Kunming, Yunnan Province, which is the fifth factory of Wingtech Technology in the global product integration business. The second phase of India factory will open a manufacturing center of 456 Mu, which will become Wingtech's largest production base in the world, greatly easing the pressure of overseas delivery. The Kunming factory is nearly completed, entering the equipment installation phase. The company has also made great progress in client development and new product development, providing unlimited possibilities for Wingtech’s future development.

           

          In 2020, Wingtech not only successfully completed the largest semiconductor M&A in China's history, but also successfully promoted the integration work afterwards, and completed the integration and reorganization with high quality and efficiency. Next year, the synergy with Nexperia will be further upgraded. Wingtech and Nexperia will deepen its cooperation in client, product, supply chain and other resources. Nexperia continuously invests in R&D and releases more than 700 new products every year. Last year, Nexperia UK released a new 650V GaN technology and passed the automotive qualified certification. Nexperia Germany also released a new generation of silicon carbide (SiC) technology. On the basis of these research and development, we have established the purchasing team of Nexperia China, which will help Nexperia develop a new supply chain in China to reduce costs and improve efficiency; Wingtech is also investing in European Fabs and Asian back-end facilities to expand production capacity.

           

          We also saw a lot of new opportunities in this year, so you can also see that we have a large scale investment in the system integration and semiconductor business this year, which will be a solid starting point for the rapid growth of Wingtech in the future. Starting from 2021, Wingtech will enter the stage of high-speed and large-scale innovation, and you will find that there are many excellent products in Wingtech, which will continuously enhance the competitiveness of our semiconductor devices and system integration business. The successful integration of Nexperia and Wingtech will help Wingtech transform from a ODM service company (PROFESSIONAL SOLUTIONS) to a Great Product Company in 2021.

           

          New year, new opportunity. It's a long way to go, and we are excited about everything coming. People in every field should think clearly, what should we do? Not what we can do. Only when we think clearly about what we should do can we close the gap between what we should do and what we can do. Through the elimination of the gap, we can achieve our goal and promote the progress and development of the whole company.

           

          Our mission is to promote the development and progress of the industry. It is the responsibility for every one of us in Wingtech. Our goal has been very clear, that is, a compound growth of more than 30% per year. Our growth is not to gain market share through low-level competition, but to achieve high-quality growth on the basis of promoting continuous progress and exploring new demands. Only in this way can we constantly leap the boundaries of self-development, industry development and social development, and create value for the industry and society.

           

          We came by the river of stars, and going towards the future by our boat. Thanks again to all colleagues of Wingtech for your excellent work in 2020.

           

          Now, it's time to take a break, put work aside and spend holiday time with family and friends. I hope you can have a wonderful New Year’s Day holiday and prepare for Wingtech's challenging and fulfilling journey in the future!

           

          Thank you!

          欧宝娱乐