宗馥莉从“大女主”到侵占国资失败离场，娃哈哈将走向何方？

Core Viewpoint - The departure of Zong Fuli from Wahaha Group marks a significant shift in the company's leadership and raises questions about its future direction and stability [1][34]. Group 1: Zong Fuli's Leadership Journey - Zong Fuli's career at Wahaha began in 2004, starting from grassroots production management and later leading the acquisition of Hongsheng Beverage Group in 2007, establishing a comprehensive beverage group [4][6]. - In 2024, after the death of her father, Zong Fuli took over as chairman, leading to a 40% revenue increase to 72.8 billion yuan [7][8]. - Her first resignation in July 2024 was attributed to internal disagreements, but she returned a week later, indicating a strategic power play rather than a spontaneous decision [9][12][21]. Group 2: Challenges Faced - Zong Fuli's second resignation in September 2025 followed a series of controversies, including a failed trademark transfer attempt that raised concerns about asset misappropriation [27][30]. - The backlash from employees over delayed stock buybacks and factory closures further damaged her reputation, transforming her image from a reformer to a "cold-blooded boss" [29][31]. - Legal disputes and family conflicts over inheritance have intensified, complicating the company's governance structure [32][33]. Group 3: Future Implications for Wahaha - Zong Fuli's resignation has created a power vacuum, with her retaining significant voting rights due to her shareholding, which could influence future decisions [34]. - The company faces a potential split in its distribution channels, as various factions emerge, leading to internal competition and brand dilution [35][38]. - The state-owned enterprise's management may need to implement reforms to stabilize operations, including hiring professional managers and conducting audits to address conflicts of interest [41][42].