On the evening of April 21, Wingtech released its 2019 financial report, which showed that the company's revenue reached 41.578 billion CNY, year-on-year growth of 139.85%. Net profit attributable to shareholders of the listed company was 1.254 billion CNY, year-on-year growth of 1954.37%. Cash flow from operating activities was 4.62 billion CNY, year-on-year growth of 41.2%.

2019 is the year of 5G start, as member of Qualcomm 5G pilot plan,Wingtech's product integration business sectors first layout for 5G, 5G tablet, laptop, 5G CPE , 5G industrial gateway, 5G IoT module, and many other products, in the semiconductor business sectors for 5G telecom infrastructure introduced high durable power MOSFET and TVS protection device products; One-stop diode/transistor, logic chip, ESD protection and MOSFET products for 5G mobile, laptop, IoT and automotive markets. In addition, the company also jointly launched the "5G terminal pioneer plan" with China Mobile, set up a 5G joint research and development center with China Unicom, and signed a 5G innovation cooperation agreement with China Telecom, rapidly opening up the situation in the 5G field.

At the same time, China is vigorously developing "new infrastructure", and hard technology, represented by semiconductors, has become a priority. Many brokerage institutions believe that counter-cyclical policies are likely to continue to increase. While increasing "new infrastructure", "new infrastructure" based on 5G network will become the focus. On the demand side, information construction is the strongest power to improve production efficiency. Driven by rising prosperity such as 5G innovation, domestic substitution and smart cars, the long-term development trend of the semiconductor industry remains unchanged. In 2020, 5G will usher in a large-scale construction tide, which will boost the demand for 5G related chips and communication terminal products, which will help Wingtech realize the synergetic development pattern.

"In 2020, 5G will bring a new trend of changing the world, and 5G technology will bring more than five years of golden development period to our industry. The company will adhere to the development concept of constantly breaking boundaries and creating value for mankind, and make full efforts in 5G, IoT, automotive electronics and semiconductor fields. In addition, the company's accumulation in scale, technology, R&D, production, global delivery and other aspects over the past decade will be a strong guarantee for the rapid development of 5G.

Origin: Ijiwei

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