养元饮品对旗下私募基金增资10亿元

Core Viewpoint - Yangyuan Beverage has increased its investment in its private equity fund by 1 billion yuan, following a surge in stock prices 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 Wuhu Wenming Qianhong Investment Management Partnership, increasing the total scale of the private equity fund 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][10]. Group 2: Performance of the Private Equity Fund - The private equity fund, established in May 2021, has invested in several companies, including a notable investment of 1.6 billion yuan in Changjiang Storage, acquiring 0.99% of its shares [4][7]. - Despite multiple investments, the fund has faced poor performance, reporting a net profit of -9.03 million yuan in 2024 and -288,900 yuan in the first half of 2025 [8][10]. Group 3: Yangyuan Beverage's Business Performance - Yangyuan Beverage's main business is experiencing 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][12]. - The company's revenue has decreased significantly since reaching a peak of 9.117 billion yuan in 2015, with 2024 revenue reported at 6.058 billion yuan, nearly one-third lower than the peak [10][11]. - The company heavily relies on its flagship product, walnut milk, which contributed 5.37 billion yuan in revenue, accounting for 89.20% of total revenue in 2024 [11][12]. Group 4: Cash Flow and Dividend Policy - Despite the pressure on its main business, 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 [12]. - The company 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 [12][13].