超越张一鸣，钟睒睒又“杀”回来了

Core Insights - Zhong Shanshan has regained the title of China's richest person with a net worth of $68.4 billion as of July 25, 2023, surpassing other business leaders like Zhang Yiming [1][2] - The resurgence in Zhong's wealth is attributed to the recovery of Nongfu Spring from a "bottled water crisis" and strategic business investments [1][4] Company Performance - Nongfu Spring's stock price reached a new high of HKD 47.4 per share on July 25, 2023, with a total market capitalization exceeding HKD 530 billion, contributing significantly to Zhong's wealth increase [4] - In 2024, Nongfu Spring's tea beverage segment generated revenue of CNY 16.745 billion, a 32.3% increase year-on-year, surpassing the revenue from bottled water products [5][8] - The revenue from bottled water products dropped from CNY 20.262 billion in 2023 to CNY 15.952 billion in 2024, a decline of 21.3%, marking the first time its revenue share fell below 40% since 2017 [8] Investment Strategy - Zhong Shanshan's investment in Jinbo Biotechnology, amounting to CNY 3.4 billion, is expected to expand his business portfolio, as the company leads in the field of humanized collagen [5][6] - Successful investments, including a profitable venture in a Thai coconut water company, have also bolstered Zhong's financial recovery [6] Market Challenges - The past year posed significant challenges for Zhong, with Nongfu Spring and Wantai Biological Pharmacy experiencing substantial revenue declines due to market pressures and public scrutiny [7][9] - Wantai Biological's revenue fell by 59.25% in 2024, primarily due to a sharp decline in its vaccine segment, which dropped 84.69% year-on-year [9]