Maxscend Microelectronics Company Limited(SZ:300782) 第一财经·2026-02-12 01:18Core Viewpoint - The article discusses a high-profile divorce case involving Xu Zhihan, the actual controller of the leading domestic RF company, ZTE Microelectronics (卓胜微), and the implications of the divorce on company shareholding and governance [3]. Shareholding Changes - Xu Zhihan will transfer 17.15 million shares (3.21% of total shares) to Zhang Yu as part of their divorce settlement, with Zhang limited to selling no more than 10% of her shares annually [3]. - After the transfer, Xu Zhihan will hold 17.15 million shares, also representing 3.21% of the total shares [3]. - Zhang Yu has irrevocably delegated all voting rights and other non-financial rights associated with her shares to Xu Zhihan during his tenure as a director or senior manager [3]. Company Background - ZTE Microelectronics is a leading domestic RF enterprise, with its 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 [9]. Financial Performance - As of January 12, ZTE Microelectronics projected a net loss of 255 million to 295 million yuan for the fiscal year 2025, compared to a profit of 402 million yuan in the previous year [10]. - The expected revenue for the same period is estimated to be between 3.7 billion and 3.75 billion yuan, reflecting a year-on-year decline of approximately 16% to 18% [10].