2 1 Shi Ji Jing Ji Bao Dao·2025-08-23 08:45Core Viewpoint - The divorce case between Huang Tao, the controlling shareholder of Liren Lizhuang, and his ex-wife Weng Shuhua has concluded, resulting in Weng receiving shares valued at approximately 170 million yuan, marking a significant resolution to a high-profile case that has drawn public attention for four years [1][2][4]. Shareholding Changes - Following the share transfer, Huang Tao's ownership decreased from 32.46% to 28.28%, while Weng Shuhua acquired 16,747,538 shares, representing 4.18% of the total share capital, making her a significant shareholder [2][4]. - The value of the shares transferred to Weng Shuhua is estimated to exceed 171 million yuan, reflecting an increase of over 40% since the court's ruling [4]. Company Background - Liren Lizhuang, established in 2007, is a cosmetics e-commerce service provider and one of the first companies in China to engage in online retail [9]. - The company went public on the Shanghai Stock Exchange in September 2020 and gained attention for its marketing strategies, including a notable advertisement featuring Papi Jiang [9]. Financial Performance - Liren Lizhuang has experienced a significant decline in performance, with a projected net loss of between 30 million to 42.5 million yuan for the first half of 2025, following a 37.44% drop in revenue in 2024 [12]. - The company reported a revenue of 1.728 billion yuan in 2024, which is only 37% of its peak revenue in 2020, and a net loss of 24.4 million yuan, a decline of 182.64% year-on-year [12]. Executive Compensation - Despite the company's financial struggles, Liren Lizhuang has increased the salary of its CFO to 1.47 million yuan, which is significantly higher than the industry average [12][13]. - The average compensation for the board and executives is reported to be 1.3472 million yuan, ranking high within the industry [13].