汇源公开控诉大股东“空手套白狼”，一场价值8.5亿元的资本迷局

Core Viewpoint - Beijing Huiyuan has publicly accused its major shareholder, Zhuji Wenshenghui, of failing to fulfill capital contribution obligations, manipulating corporate governance, and infringing on the rights of minority shareholders [2][3]. Group 1: Shareholder Disputes - Zhuji Wenshenghui has not paid 850 million yuan of the promised investment, which is overdue by more than a year, despite 11 reminders [2]. - Of the actual payments made, approximately 650 million yuan remains unutilized in Huiyuan's operations, with the paid-in capital only accounting for 22.8% of Huiyuan's registered capital [2]. - Huiyuan has initiated legal proceedings against Zhuji Wenshenghui and Shanghai Wensheng Asset Management, which have been accepted by the court [2]. Group 2: Historical Context - Huiyuan was once a leading brand in the juice industry but has faced significant challenges, including a failed acquisition by Coca-Cola in 2008, which led to a decline in its market position [6][7]. - The company has undergone substantial restructuring, including the sale of 12 subsidiaries and 9 factories, resulting in a debt of 11.403 billion yuan by the end of 2017 [7]. - In 2021, Huiyuan was delisted from the Hong Kong Stock Exchange and entered bankruptcy reorganization, with Wensheng Asset becoming the new controlling shareholder [8]. Group 3: Financial Performance - Despite the turmoil, Huiyuan maintained a relatively good profitability, with projected revenues of 2.75 billion yuan and 2.48 billion yuan for 2023 and 2024, respectively, and net profits of 420 million yuan and 340 million yuan [13]. - However, internal turmoil has led to a significant drop in investment income from Zhuji Wenshenghui, with a year-on-year decrease of 43.76% [13]. - The company aims to achieve 10 billion yuan in revenue within three years, but ongoing management changes and shareholder disputes pose significant challenges to this goal [13].