Maxscend Microelectronics Company Limited(SZ:300782) 是说芯语·2026-02-12 03:52Core Viewpoint - The article discusses the recent divorce of Xu Zhihan, a major shareholder and executive of the domestic RF leader, ZTE Microelectronics, and the implications of the asset division on the company's shareholding structure and governance [1][3][5]. Shareholding Changes - Xu Zhihan transferred 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][5]. - After the transfer, Xu Zhihan's direct shareholding decreased from 34.3 million shares (6.41%) to 17.15 million shares (3.21%) [6]. - Zhang Yu now holds 17.15 million shares (3.21%) and has delegated all voting rights and other non-financial rights to Xu Zhihan [3][6]. Company Overview - ZTE Microelectronics is a leading domestic RF enterprise, primarily producing RF front-end discrete devices and modules for mobile smart terminals, with applications in various sectors including smart wearables, communication base stations, automotive electronics, and VR/AR devices [7]. - The company expects 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, with projected revenues of 3.7 billion to 3.75 billion yuan, reflecting a year-on-year decrease of approximately 16% to 18% [7].