国资大股东在行动，娃哈哈新变化耐人寻味

Core Viewpoint - The state-owned major shareholder is reclaiming control over Zhejiang Wahaha's operations, indicating a shift in power dynamics within the company following the resignation of Zong Fuli and the appointment of Xu Simin as general manager [2][19]. Group 1: Management Changes - Xu Simin, a legal professional with no prior operational experience, has been appointed as the general manager of Wahaha Group, signaling a focus on risk management and legal compliance [10][21]. - Key executives from Hongsheng, including Yan Xuefeng and Zhu Lidan, have had their positions changed to "pending," raising concerns about their future roles within the company [12][14]. Group 2: Business Operations - Zhejiang Wahaha has regained the rights to sell bottled water, which had previously been transferred to Hangzhou Xun'er City Trading Co., indicating a reversal of previous operational decisions [16][19]. - The transfer of bottled water sales operations to Xun'er was implemented without agreements with distributors, leading to a significant decline in Zhejiang Wahaha's profits due to reduced processing fees [17]. Group 3: Strategic Implications - The return of operational control to Zhejiang Wahaha suggests that the state-owned shareholder's influence will be increasingly felt in corporate decisions moving forward [19][23]. - The appointment of Xu Simin, who is closely associated with Zong Fuli, reflects a strategy to consolidate power and ensure that the interests of the major shareholder are prioritized [6][21].