Core Viewpoint - The divorce case between Huang Tao, the controlling shareholder of Liren Lizhuang, and his ex-wife Weng Shuhua has concluded, resulting in Weng receiving shares valued at approximately 170 million yuan, marking a significant resolution to a high-profile case that has drawn public attention for four years [1][2][4]. Shareholding Changes - Following the share transfer, Huang Tao's ownership decreased from 32.46% to 28.28%, while Weng Shuhua acquired 16,747,538 shares, representing 4.18% of the total share capital, making her a significant shareholder [2][4]. - The value of the shares transferred to Weng Shuhua is estimated to exceed 171 million yuan, reflecting an increase of over 40% since the court's ruling [4]. Company Background - Liren Lizhuang, established in 2007, is a cosmetics e-commerce service provider and one of the first companies in China to engage in online retail [9]. - The company went public on the Shanghai Stock Exchange in September 2020 and gained attention for its marketing strategies, including a notable advertisement featuring Papi Jiang [9]. Financial Performance - Liren Lizhuang has experienced a significant decline in performance, with a projected net loss of between 30 million to 42.5 million yuan for the first half of 2025, following a 37.44% drop in revenue in 2024 [12]. - The company reported a revenue of 1.728 billion yuan in 2024, which is only 37% of its peak revenue in 2020, and a net loss of 24.4 million yuan, a decline of 182.64% year-on-year [12]. Executive Compensation - Despite the company's financial struggles, Liren Lizhuang has increased the salary of its CFO to 1.47 million yuan, which is significantly higher than the industry average [12][13]. - The average compensation for the board and executives is reported to be 1.3472 million yuan, ranking high within the industry [13].

Core Points - The divorce settlement between Huang Tao and his ex-wife Weng Shuhua has concluded, resulting in the transfer of 16,747,538 shares of Liren Lizhuang, valued at approximately 172 million yuan based on the closing price of 10.27 yuan on August 21 [1][2][3] Group 1: Legal Proceedings - The legal dispute began in March 2024, with Weng Shuhua requesting the division of assets, specifically 1/8 of Huang Tao's shares in Liren Lizhuang [2][4] - The first-instance judgment awarded Weng Shuhua 16,747,538 shares, which Huang Tao appealed, but the appeal was rejected by the Shanghai First Intermediate People's Court [2][3] - The share transfer was completed on August 21, 2024, with no impact on the company's control or operations [3] Group 2: Company Performance - Liren Lizhuang has experienced a decline in revenue for four consecutive years, with a projected net loss of 30 to 42.5 million yuan for the first half of 2025 [6] - The company's revenue for 2024 was reported at 1.728 billion yuan, only 37% of its peak revenue in 2020, indicating a significant downturn [6] Group 3: Market Position - As of August 22, 2024, Liren Lizhuang's stock price was 10.24 yuan, with a total market capitalization of 4.101 billion yuan [7]