80亿学霸被前妻分走13亿，公司三年两起“天价离婚”

Core Viewpoint - The article discusses the significant impact of high-profile divorce settlements involving the actual controllers of ZTE Microelectronics, which have led to substantial share transfers and highlight the company's ongoing financial challenges, including a projected loss for the first time in 11 years [4][6][12]. Group 1: Divorce Settlements - ZTE Microelectronics' actual controller, Xu Zhihan, transferred approximately 17.15 million shares worth nearly 1.3 billion yuan to his ex-wife, Zhang Yu, as part of their divorce settlement [4][7]. - In a similar incident three years prior, another controller, Tang Zhuang, transferred about 32.76 million shares valued at around 3.4 billion yuan to his ex-wife, Yi Gebing [4][11]. - Despite the changes in shareholding, the overall voting rights and control of the company remain unchanged, as Zhang Yu has agreed to delegate her voting rights to Xu Zhihan [10][12]. Group 2: Financial Performance - ZTE Microelectronics is facing significant financial pressure, with a projected revenue decline of approximately 16% to 18% for 2025, resulting in an expected net loss of 255 million to 295 million yuan [12][15]. - The company reported a revenue of 36.77 billion yuan in 2022, a decrease of 20.63% year-on-year, and a net profit of 10.69 billion yuan, nearly halving compared to the previous year [14][15]. - The company's gross margin has been declining, with a reported gross margin of 26.68% for the first three quarters of 2024, down from 57.72% in 2021 [15][16]. Group 3: Company Background and Market Position - ZTE Microelectronics, known for its RF front-end chips, has seen explosive growth since its IPO in 2019, but has faced challenges due to market fluctuations and increased competition [14][20]. - The company has a high customer concentration, with the top five customers accounting for 77.05% of total sales in 2024, indicating a reliance on a few major clients [15]. - Xu Zhihan, the founder, has experienced a significant decrease in personal wealth, dropping from 19 billion yuan in 2021 to 8 billion yuan in 2024, reflecting the company's struggles [22].