“六个核桃”豪掷10亿元，加码私募！

Core Viewpoint - Yangyuan Beverage has increased its investment in its private equity fund by 1 billion yuan, following a surge in its stock price due to its investment in Changjiang Storage Holdings [2][4]. Group 1: Investment Details - On October 15, Yangyuan Beverage announced an additional investment of 1 billion yuan into the private equity fund Wuhu Wenming Qianhong Investment Management Partnership, increasing the fund's total size from 3 billion yuan to 4 billion yuan [2][6]. - After the capital increase, Yangyuan's subscribed capital will rise from 2.997 billion yuan to 3.997 billion yuan, accounting for 99.925% of the fund [2][6]. - The additional funds will be used for investments in other projects, with no further investments planned for existing projects [6][7]. Group 2: Fund Performance and Investments - The most notable investment by the fund is in Changjiang Storage, where it invested 1.6 billion yuan for a 0.99% stake, valuing the company at approximately 161.6 billion yuan [7]. - Other investments by the fund include companies like Ruipu Lanjun and New Wave Media, with total investments amounting to 2.954 billion yuan [7][8]. - Despite multiple investments, the fund has reported poor performance, with a net profit of -9.03 million yuan in 2024 and -288,900 yuan in the first half of 2025 [8][10]. Group 3: Company Performance - Yangyuan Beverage's main business is facing growth challenges, with a reported revenue of 2.465 billion yuan in the first half of 2025, a year-on-year decline of 16.19%, and a net profit of 744 million yuan, down 27.76% [10][11]. - The company's revenue has decreased significantly from a peak of 9.117 billion yuan in 2015, with 2024 revenue reported at 6.058 billion yuan, nearly a one-third reduction [10][11]. - The company heavily relies on its flagship product, walnut milk, which contributed 5.37 billion yuan in revenue, accounting for 89.2% of total revenue in 2024 [11]. Group 4: Cash Flow and Dividends - Despite the decline in main business revenue, Yangyuan Beverage has a strong cash flow, with a net cash flow from operating activities increasing by 1358.23% to 377 million yuan in the first half of 2025 [11]. - The company reported a cash balance of 1.459 billion yuan at the end of the reporting period, a 58.96% increase from the previous year [11]. - Yangyuan Beverage plans to distribute a cash dividend of 5.00 yuan per 10 shares, totaling 630 million yuan, which represents 84.7% of the net profit for the period [11].