On the evening of August 31, ST Wintai issued two announcements in succession: "Announcement on the Progress of Major Litigation" and "Announcement on the Progress of the Company’s Stock Being Subject to Other Risk Warnings". The former disclosed that the company and its subsidiary Yuching Holdings had obtained a court order for property preservation in a tort liability dispute with entities such as AMS Holdings, AMS, and Antaike. The disputed amount was estimated at 8 billion yuan. The latter reported on the progress of the company's delisting risk warning and the subsequent adjustments to the situation due to the implementation of other risk warnings.
ST Yuntai (Yuntai Technology) announced that the lawsuit regarding infringement liability between the company, Yu Cheng Holdings and An Shi Holdings and the accused parties has been decided by the court’s judgment of damages. Based on the application of property preservation from the company and Yu Cheng Holdings, the court issued a freeze order, seizing, freezing and holding the assets of An Shi Limited and Antai Co., Ltd. valued at RMB 21.39 billion in accordance with equal amounts. The judgement is effective immediately.
On the same day, the company received a notice from the Dongguan Intermediate People's Court of Guangdong Province. The court ordered the freezing of 100% of the equity in Anritsu Semiconductor (China), 99% of the equity in Anritsu Semiconductor Technology (Shanghai), 100% of the equity in Anritsu Semiconductor (Wuxi), and 100% of the equity in Antaike Technology (Wuxi) held by Anritsu Limited. This freeze will be in effect from August 25, 2026, until August 24, 2029.
As of the announcement date, the case has not yet been heard in court. Given the uncertainty surrounding the outcome of the lawsuit, the impact of this announcement on the company's financial condition, current profits, and future profits remains uncertain.
According to *ST WenTai's 'Announcement on the Progress of Other Risk Warnings for the Company's Stock', due to Rongcheng Accounting Firm issuing an unqualified audit report on the company's financial accounting report for the year 2025, and an unqualified internal control audit report on the company's internal control over financial reporting for the same year, which falls under relevant regulatory circumstances, the company has been subject to a delisting risk warning starting from May 6, 2026, along with other risk warnings. If these circumstances are not resolved by the year 2026, the company's stock may be delisted from the stock market.
The announcement reveals that after the account was blocked in Accenture’s domestic operations in March 2026, the company immediately initiated emergency measures to ensure the continued operation of production and manufacturing processes. At the same time, the information management system was reconfigured. All modules of the new SAP system have been put into use, and all data within the system is stored domestically at Accenture. The company has full access and management rights to this data. In addition, the company has completed the establishment of EDI (Electronic Data Interchange) connections between key customers and itself. The sales department is gradually promoting the use of EDI for transmitting order data to customers. As of the announcement date, the new information system is operating smoothly, and internal control measures are continuously being optimized and improved.
ST Technology's main business is semiconductor manufacturing, with a vertical integration model that relied on a global structure. On September 30, 2025, subsidiaries of ST Technology (An Shi Semiconductor and An Shi Holding Company) received judgments from the Dutch Ministry of Economic Affairs and Climate Policy, the Amsterdam Court of Appeal, for the enterprise court, which restricted control over the overseas related entities of An Shi Semiconductor. As a result, the overseas entities have suspended business operations as per ST Technology's instructions, while suspending wafer supply to corresponding domestic business departments within An Shi Semiconductor (China).
The 2026 semi-annual report shows that the company achieved revenue of 1.514 billion yuan in the first half of the year, a decrease of 94.02% compared to the previous year. The net profit attributable to shareholders of the listed company was a loss of 406 million yuan, compared to a profit of 474 million yuan in the same period last year. The net profit after deducting non-recurring items was a loss of 443 million yuan. As of the end of the reporting period, the company’s total assets amounted to 40.791 billion yuan, and the net assets attributable to shareholders of the listed company were 24.415 billion yuan.
