重要提醒！！！为防失联，请"星标"我们！进入无冕财经公众号，点击右上角"..."，再" "，以便您及时接收每篇推送~ wumiancaijing.com 最热的泛财经新闻，都在这儿了。 2月12日，广药集团纪律检查委员会发布文件，集中通报去年17起严重违纪违法典型案例，其中包括此前备受关注的广药集团腐败"窝案"。 文件通报的17起要案中，涉及广药集团旗下中一药业、王老吉药业、白云山制药总厂、何济公制药厂等多家核心子公司，涉案人职位上到董事长、总经 理、副总经理、部门总监、经理等各级管理人员，下至保卫科科长。腐败行为集中在药品原材料及包装材料采购、药品代理经销、广告投放与业务承揽、 款项结算、职务晋升等关键领域，部分人员还存在依托他人职权谋取私利、销售假药等严重违法行为，涉案总金额超2亿元。 ▲图片来自网络。 资讯整理：小冕 编辑：陈涧 设计：岚昇 广药集团腐败窝案15人被判刑 涉案超2亿，李楚源处理结果未出 本文由无冕财经（wumiancaijing）整理发布 从已披露的结果看，已有15人因受贿罪或销售假药罪被判处有期徒刑。其中，王老吉药业是被点名频次最高的企业，违法违纪行为涉及广药集团和王老吉 药业广告与媒 ...

Core Viewpoint - The company,卓胜微, announced the withdrawal of three lawsuits filed by Murata Manufacturing Co., Ltd. regarding patent infringement, indicating a positive resolution to the legal disputes [1] Group 1: Legal Matters - The Shanghai Intellectual Property Court delivered a civil ruling confirming the withdrawal of lawsuits against the company and Shanghai Kunhongsheng Communication Technology Co., Ltd. [1] - The company actively responded to the intellectual property disputes and took effective measures to protect its and its shareholders' legal rights [1] Group 2: Intellectual Property Strategy - The company emphasizes independent innovation and core technology accumulation, integrating intellectual property with its strategic goals [1] - As of September 30, 2025, the company has applied for a total of 177 domestic patents related to filters and 12 PCT international patents [1] - The company's patent strategy covers multiple dimensions, including device structure, material selection, topology design, packaging structure, and processes [1]

A股从不缺离婚的戏码，但很少有一家公司像卓胜微这样，三年两场"天价分手"！ 2月11日晚，国产射频龙头卓胜微公告，公司实控人之一、董事长兼总经理许志翰离婚。根据财产分割安排，许志翰把名下1715.2万股直接划给前妻张昱， 按当天收盘价75.16元算，这笔分手费价值12.89亿元 。 据悉，这已经是卓胜微三年内第二起实控人离婚案了。 2023年6月，另一位实控人唐壮离婚，前妻易戈兵拿走了价值约34亿元的股权 。两起离婚案，前后不到三年，累计分割股权市值46.9亿元。 作者 | 深水财经社 韩峻 据公告，国产射频龙头卓胜微于近日收到实际控制人之一许志翰先生的通知，其与ZHANG YU（张昱）女士经友好协商，已解除婚姻关系，并就离婚财产 分割事宜做出相关安排。 具体来看，根据两人签订的《离婚财产分割协议》，许志翰将其直接持有的公司无限售条件流通股份1715万股（占公司总股本的3.21%），分割至张昱名 下。 按公告当天收盘价75.16元算，这笔分手费价值12.89亿元 。据公开资料显示，许志翰年薪312万元 ，按这个数字算，他要不吃不喝413年才能攒出这笔12.89 亿的分手费。 不仅如此，根据双方约定，张昱每年可 ...

Core Viewpoint - The recent divorce of the actual controller of the company, Xu Zhihan, has led to a significant stock division, with his ex-wife Zhang Yu acquiring half of his shares in the company, valued at approximately 1.29 billion yuan, amidst a backdrop of declining company performance and industry challenges [1][2][8]. Group 1: Stock Division Details - Xu Zhihan transferred 17.15 million shares, representing 3.21% of the total share capital, to Zhang Yu as part of their divorce settlement [2][4]. - Prior to the division, Xu held over 34.3 million shares, which accounted for 6.41% of the total shares, effectively halving his ownership [2][6]. - Zhang Yu, who previously held no shares, has now become a significant shareholder in the company [4]. Group 2: Restrictions on Share Sales - The divorce agreement includes restrictions on Zhang Yu's ability to sell her shares, limiting her to a maximum of 10% of her total shares per year, and 25% as long as Xu remains in a managerial position [5]. - Despite acquiring shares worth 1.29 billion yuan, Zhang Yu has delegated her voting rights and management-related rights back to Xu, ensuring that the company's control remains unchanged [5][19]. Group 3: Company Performance Challenges - The company is facing its first annual loss since its listing, with a projected net loss of 255 million to 295 million yuan for the year [11][18]. - In Q1 2025, the company reported a revenue decline of 36.47% year-on-year, with a net loss of 47 million yuan, which is an increase in loss compared to the previous year [15]. - The company's gross margin has significantly decreased from 52.91% in 2022 to 28.75% in the first half of 2025, attributed to increased competition and rising costs from self-built production lines [19].

证券代码：300782 证券简称：卓胜微 公告编号：2026-011 江苏卓胜微电子股份有限公司 关于公司涉及诉讼的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1.案件所处的诉讼阶段：（2025）沪 73 知民初 59 号、（2025）沪 73 知民初 60 号、（2025）沪 73 知民初 61 号三件案件原告已撤诉。 2.公司所处的当事人地位：江苏卓胜微电子股份有限公司（以下简称"公司"） 为被告一。 3. 对上市公司损益产生的影响：面对知识产权纠纷，公司积极应诉，依法依规 采取有效措施维护公司和股东的合法权益。截至本公告披露日，上述三件诉讼案件 均已撤诉，不会对公司本期利润或期后利润产生不利影响。 一、涉及诉讼的基本情况 株式会社村田制作所以侵犯发明专利权纠纷为由向上海知识产权法院对公司、 上海堃泓胜通讯科技有限公司提起诉讼，案号分别为：（2025）沪 73 知民初 59 号、 （2025）沪 73 知民初 60 号、（2025）沪 73 知民初 61 号。公司于 2025 年 4 月 11 日收到上海知识产权法院送达的《民 ...

Core Viewpoint - The article discusses a high-profile divorce case involving Xu Zhihan, the actual controller of the leading domestic RF company, ZTE Microelectronics, and the implications of the divorce on shareholding and company governance [2][3]. Shareholding Changes - Xu Zhihan transferred 17.15 million shares (3.21% of total shares) to Zhang Yu as part of their divorce settlement, with restrictions on the sale of these shares [2][3]. - After the transfer, Xu Zhihan holds 17.15 million shares, also representing 3.21% of the total shares [2][3]. - Zhang Yu has agreed to delegate all voting rights and other non-financial rights associated with the shares to Xu Zhihan during his tenure as a director or senior manager [2]. Company Background - ZTE Microelectronics is a leading domestic RF enterprise, with products primarily used in smartphones and other mobile smart terminal devices, as well as in smart wearables, communication base stations, automotive electronics, Bluetooth headsets, VR/AR devices, and networking equipment [7]. - The company is currently facing challenges, projecting a net loss of 255 million to 295 million yuan for the fiscal year 2025, a significant decline from a profit of 402 million yuan in the previous year [7]. Previous Similar Cases - Another notable case involved Tang Zhuang and Yi Gebing, who were also former spouses and had a similar share transfer arrangement, with Yi Gebing receiving shares valued at approximately 3.4 billion yuan [4].

Core Viewpoint - The recent divorce of the actual controller of ZTE Microelectronics, Xu Zhihan, has led to significant share transfers and raises concerns about the company's governance and financial performance amid a challenging market environment [1][2][4]. Group 1: Shareholder Changes - Xu Zhihan has transferred 17.15 million shares, valued at approximately 1.289 billion yuan, to Zhang Yu as part of their divorce settlement [1]. - Following the share transfer, both Xu and Zhang hold 17.15 million shares each, representing 3.21% of the company's total shares, with no change in actual control [2]. - Zhang Yu has committed to not exceeding a 10% annual reduction in her shares, while also agreeing to delegate her voting rights to Xu during his tenure as a director [2][3]. Group 2: Financial Performance - ZTE Microelectronics has issued its first annual loss forecast, expecting a revenue decline of 16% to 18% in 2025, with a projected net loss of 255 million to 295 million yuan [4][5]. - The company's fourth-quarter performance showed a significant decline, with revenue estimated between 930 million to 980 million yuan, a quarter-on-quarter drop of 7.98% to 12.67% [4]. - The company attributes its financial struggles to the transition to a Fab-Lite model, increased competition, and a downturn in the consumer electronics sector [5]. Group 3: Market Sentiment and Stock Performance - ZTE Microelectronics' stock has underperformed, with a 9.04% decline in 2025 and a further 7.71% drop in 2026, reflecting market skepticism about its long-term transition strategy [5][6]. - Despite a brief rebound of approximately 17.7% in December, driven by positive sentiment around satellite communication, analysts maintain a "sell" rating due to ongoing challenges in the RF front-end industry [6].

Group 1 - Xu Zhihan plans to transfer 17.152 million shares, representing 3.21% of the company's total equity, to Zhang Yu [2] - The controlling shareholders have committed not to reduce their holdings within six months from February 12, 2026, to August 11, 2026 [2] - The estimated market value of the shares transferred to Zhang Yu exceeds 1.2 billion yuan [2] Group 2 - Xu Zhihan, aged 52, holds multiple degrees including a master's in electronic engineering and an EMBA, and currently serves as the chairman and general manager of the company [2] - The company, Zhaosheng Microelectronics, is a leader in the RF front-end sector, with products used in smartphones, wearable devices, communication base stations, automotive electronics, and VR/AR applications [3] - As of the latest report, Zhaosheng Microelectronics' stock price is 75.4 yuan, with a total market capitalization of 40.335 billion yuan [4]

Core Viewpoint - The announcement regarding the change in shareholder equity at ZTE Microelectronics (卓胜微) is primarily due to the divorce settlement between actual controller Xu Zhihan and Zhang Yu, which involves the transfer of shares but does not affect the company's control structure [1][2]. Group 1: Shareholder Equity Changes - Xu Zhihan will transfer 17,152,005 shares, representing 3.21% of the total share capital, to Zhang Yu, with a market value of approximately 1.289 billion yuan based on the closing price of 75.16 yuan on February 11 [1][2]. - After the transfer, both Xu Zhihan and Zhang Yu will hold 17,152,005 shares each, maintaining their respective ownership at 3.21% of the total share capital [2]. Group 2: Voting Rights and Control - Zhang Yu has signed a voting rights delegation agreement, granting Xu Zhihan full authority to exercise all voting rights associated with the transferred shares, while retaining certain financial rights [3]. - The actual controllers of the company, including Xu Zhihan, Feng Chenhui, and Tang Zhuang, will continue to jointly control 31.90% of the voting rights, indicating no change in the control structure of the company [3]. Group 3: Financial Performance and Fundraising - ZTE Microelectronics has raised a total of 388.78 million yuan through two rounds of fundraising since its IPO, with the latest round aimed at expanding production capacity and supplementing working capital [6]. - The company has projected a revenue decline of approximately 16% to 18% for the fiscal year 2025, with expected net losses significantly increasing compared to the previous year [8].

Group 1 - The article discusses a high-profile divorce case involving Xu Zhihan, who transferred 17.15 million shares (3.21% of the total share capital) of the company to Zhang Yu as part of their divorce settlement [1][2] - Zhang Yu is allowed to sell no more than 10% of her shares each year, and during Xu Zhihan's tenure as a director or senior manager, she cannot transfer more than 25% of her shares annually [1] - Xu Zhihan's total pre-tax compensation from the company for 2024 is reported to be 3.1208 million yuan, and the company's market value is currently 40.2 billion yuan [1] Group 2 - The company, Zhaosheng Microelectronics, is a leading domestic RF enterprise, with its RF front-end discrete devices and modules primarily used in smartphones and other mobile smart terminal products [5] - The products are also applicable in various fields requiring wireless connectivity, such as smart wearables, communication base stations, automotive electronics, Bluetooth headsets, VR/AR devices, and networking equipment [5] - The company's major shareholders include Wuxi Huizhi United Investment Enterprise, Xu Zhihan, Feng Chenhui, Yi Gebing, and Tang Zhuang, with a total shareholding of 31.90% [4]