浙江娃哈哈饮用水有限公司销售权被“夺”，订单被转至宏胜饮料

Group 1 - The core point of the news is that Zhejiang Wahaha Drinking Water Co., Ltd. is undergoing significant changes in its bottled water business, with operations being transferred to Hangzhou Xun'er City Trading Co., Ltd. by the end of 2024, leading to a substantial decline in profits for Zhejiang Wahaha [1][2][3] - The transfer of bottled water sales rights means that Zhejiang Wahaha will no longer have sales rights and will operate as a processing factory for Hangzhou Xun'er, receiving only 2.75 yuan per barrel for processing, which drastically reduces its profit margins [1][2] - Following the transfer, external processing factories that previously worked for Zhejiang Wahaha will now produce for Hangzhou Xun'er, further diminishing Zhejiang Wahaha's revenue and profit [2][3] Group 2 - Hangzhou Xun'er City Trading Co., Ltd. was established in 2022 and is fully controlled by Hangzhou Hongchen Marketing Co., Ltd., which is in turn fully owned by Hongsheng Beverage Co., Ltd. [3] - After the business transfer, the price of purified water was increased from 6.5 yuan to 7 yuan per barrel, with the profits now benefiting Hangzhou Xun'er, which will significantly impact the dividends for shareholders of Zhejiang Wahaha [3][4] - The operational changes and disputes have led to significant disruptions, including factory shutdowns and employee layoffs, particularly in Shanghai Wahaha Drinking Water Co., Ltd. [4][5] Group 3 - Zhejiang Wahaha Drinking Water Co., Ltd. was established in March 2016 and is a wholly-owned subsidiary of Zhejiang Wahaha Industrial Co., Ltd., which holds 43% of the shares [2] - The company previously operated as a vertically integrated entity, producing and selling bottled water, but the recent changes have severed this integration [2][3] - The management transition following the death of founder Zong Qinghou has been tumultuous, with various controversies arising during the operational adjustments [5][6]