丽人丽妆“天价离婚”未了局 翁淑华回应：正在强制执行中

Core Viewpoint - The ongoing divorce dispute between Huang Tao, the actual controller of Liren Lizhuang, and his ex-wife, Weng Shuhua, has led to significant legal and financial implications for the company, including the freezing of shares and a projected substantial loss in profits for the upcoming financial period [1][2][3]. Group 1: Shareholder Dispute - Huang Tao's shares amounting to approximately 16.75 million have been judicially frozen due to the divorce settlement, which requires him to transfer 4.18% of the company's shares to Weng Shuhua, valued at around 166 million yuan based on current stock prices [1][3]. - The divorce proceedings began in March 2021, shortly after Liren Lizhuang went public, leading to a significant drop in the company's stock price and a market value loss exceeding 1 billion yuan on the first trading day following the public revelation of the marital issues [2][3]. - As of July 2023, Huang Tao's shareholding will decrease from 32.46% to 28.28% post-judicial ruling, while Weng Shuhua will become a significant shareholder with a 4.18% stake [3]. Group 2: Financial Performance - Liren Lizhuang has reported a projected net loss of between 30 million to 42.5 million yuan for the first half of 2025, a stark contrast to a profit of 269,410 yuan in the same period last year [5]. - The company's revenue for 2024 is expected to decline by 37.44% to 1.728 billion yuan, with a net loss of 24.4 million yuan, marking a more than 60% decrease in revenue compared to its peak in 2020 [4][5]. - The decline in performance is attributed to the termination of partnerships with several major beauty brands and a failure to adapt to changes in the e-commerce landscape [5][6]. Group 3: Strategic Changes - Liren Lizhuang is attempting to pivot towards developing its own brands, such as Yuyongchu and Meiyitang, but these efforts have yet to yield significant results in terms of revenue [6]. - The company has faced challenges in maintaining its market position due to the exit of key partners, including the complete withdrawal of the Alibaba group, which had been a significant strategic ally since 2012 [7][8][9]. - The departure of Alibaba has raised concerns about Liren Lizhuang's ability to navigate its internal governance issues and business transformation under the current pressures [9].