Shanghai Lily&Beauty (SH:605136) Huan Qiu Shi Bao·2025-08-22 15:36Core Viewpoint - The divorce settlement between Huang Tao, the actual controller of Liren Lizhuang, and his ex-wife Weng Shuhua has resulted in the transfer of 16,747,538 shares, valued at approximately 172 million yuan, to Weng Shuhua, following a lengthy legal process lasting over a year [2][4][6]. Group 1: Legal Proceedings - The divorce and property dispute began in March 2024, with Weng Shuhua filing for the division of assets, specifically requesting one-eighth of Huang Tao's shares in the company [2][4]. - The first-instance judgment awarded Weng Shuhua the shares, which Huang Tao appealed, but the appeal was rejected by the Shanghai First Intermediate People's Court [3][4]. - The share transfer was completed on August 21, 2024, with the shares being registered and no impact on the company's control structure [4][6]. Group 2: Company Performance - Liren Lizhuang has experienced a decline in revenue for four consecutive years, with a projected revenue of 1.728 billion yuan in 2024, only 37% of its peak revenue in 2020 [6]. - The company is expected to report a net loss of between 30 million to 42.5 million yuan for the first half of 2025, indicating a worsening financial situation [6]. - As of August 22, 2024, the company's stock price was 10.24 yuan, with a total market capitalization of 4.101 billion yuan [7]. Group 3: Company Background - Liren Lizhuang was founded in 2007 by Huang Tao and is recognized as one of the first online retail service providers in China, primarily operating through Tmall [5]. - The company collaborates with various beauty brands, including Maybelline and Schwarzkopf, to operate online stores [5].