国资入股，谁的剑南春？

Group 1 - Sichuan Jian'nanchun Group has undergone a significant equity change, with Mianzhu State-owned Assets Management Center acquiring 14.51% of the shares through a capital contribution of 137 million yuan, becoming the second-largest shareholder [1][2] - Following this transaction, Jian'nanchun's registered capital increased from approximately 808 million yuan to about 946 million yuan, while the largest shareholder, Sichuan Tongsheng Investment Co., Ltd., saw its stake decrease from 74.14% to 63.06% [1][2] - The actual controller of Jian'nanchun Group remains Qiao Tianming, who holds a 41% stake and has been involved with the company since 1982, serving as chairman since 2000 [1] Group 2 - The entry of Mianzhu State-owned Assets as a shareholder marks the first time in over 20 years that Jian'nanchun has had a state-owned shareholder directly holding shares [2] - The capital contribution from Mianzhu State-owned Assets is classified as "debt" rather than cash, with speculation that it originates from a previous trademark dispute [2][3] - The trademark dispute involves the legitimacy and validity of the trademark transfer contract, with ongoing court proceedings that have yet to reach a final verdict [3][4] Group 3 - Jian'nanchun Group's annual revenue for 2024 is reported to be 16.94 billion yuan, with Jian'nanchun Co., Ltd. achieving approximately 10.66 billion yuan in revenue, reflecting a nearly 15% year-on-year growth [4] - The company has conducted two rounds of dividends in 2024, distributing a total of over 3.5 billion yuan, with the first round being a record high of 3 billion yuan [5][6] - The involvement of state-owned assets is expected to provide more stable resource support and strategic collaboration, potentially enhancing the overall development of the Deyang and Sichuan liquor industry [6]