罕见！卓胜微三年两起天价离婚

Core Viewpoint - The article discusses the significant impact of two high-profile divorce cases involving the actual controllers of the company ZTE Microelectronics, highlighting the financial implications and market reactions associated with these events [1][2][12]. Group 1: Divorce Cases and Financial Implications - The recent divorce of Xu Zhihan, one of the actual controllers and chairman of ZTE Microelectronics, resulted in a transfer of 17.15 million shares to his ex-wife Zhang Yu, valued at approximately 1.289 billion yuan based on the closing price of 75.16 yuan per share [1][4][12]. - This marks the second divorce case involving the company's actual controllers within three years, with the first being Tang Zhuang's divorce in June 2023, where his ex-wife Yi Gebing received shares worth around 3.4 billion yuan [2][12]. - The total value of shares divided in these two divorce cases amounts to approximately 4.69 billion yuan, which is significant in the context of the A-share market [8][18]. Group 2: Company Performance and Market Context - ZTE Microelectronics, established in August 2012 and listed on the ChiNext board in June 2019, specializes in RF front-end chips and has seen substantial revenue growth in its early years, with revenues reaching 4.97 billion yuan in 2019 and 10.73 billion yuan in 2020 [19]. - However, the company has recently forecasted its first loss in six years, expecting a loss between 255 million to 295 million yuan for 2025, a stark contrast to a profit of 402 million yuan in the previous year [21]. - The anticipated decline in revenue, projected to be between 3.7 billion to 3.75 billion yuan, represents a year-on-year decrease of 16% to 18%, attributed to the company's shift towards a "Fab-Lite" model and increased competition in the industry [21].