老牌果汁自爆内讧！大股东“空头支票”激化矛盾，汇源已起诉

Core Viewpoint - Beijing Huiyuan Juice has publicly accused its major shareholder, Zhuji Wenshenghui, of failing to fulfill its financial commitments, which has led to a governance crisis and trust issues within the company [1][2]. Group 1: Company Governance Issues - Zhuji Wenshenghui has only contributed 22.8% of the registered capital, with an overdue investment of 850 million yuan that has not been paid despite 11 reminders [1][7]. - The major shareholder controls the board of directors and management nominations, despite not meeting its investment obligations, raising concerns about governance and control [8][9]. - Huiyuan Juice has initiated legal action against Zhuji Wenshenghui and Shanghai Wensheng Asset Management, which has been accepted by the court [9][10]. Group 2: Financial and Operational Challenges - The company is facing a significant debt restructuring plan, with over 10 billion yuan in debt, which is at risk of stagnation due to the lack of incoming funds from the major shareholder [1][10]. - Huiyuan Juice's capital reserve has uncertainties, as many creditors have not yet received shares, leading to potential changes in capital reserves [7]. - The company has ongoing legal and financial issues, including nearly 2.6 billion yuan in total execution amounts and multiple frozen equity cases [10][11]. Group 3: Industry Context - The juice market is highly competitive, with major players like Nongfu Spring and Coca-Cola continuing to expand, putting pressure on Huiyuan Juice's market share [15]. - The company has struggled to innovate and adapt to changing consumer trends towards healthier and sugar-free products, which require substantial investment [15]. - The public dispute with the major shareholder has further eroded market confidence, complicating Huiyuan Juice's recovery and growth prospects [12][13].