Core Viewpoint - Beijing Huiyuan is facing internal conflicts and external challenges, including failed acquisitions and ongoing lawsuits, leading to a call for resistance against "malicious capital games" [1][2][4]. Group 1: Internal Conflicts - Beijing Huiyuan's official statement criticized major shareholder Zhuji Wenshenghui for holding a unilateral shareholder meeting on August 11, which was contested by employee supervisors [2]. - The company’s labor union urged all employees not to recognize the decisions made during this meeting, indicating a significant internal divide [2][4]. - The chairman, Ju Xinyan, has filed a lawsuit against Beijing Huiyuan to confirm the validity of a company resolution, highlighting the ongoing power struggle within the company [5]. Group 2: Financial and Legal Issues - Beijing Huiyuan accused Zhuji Wenshenghui of failing to fulfill investment commitments, with 850 million yuan overdue for over a year, despite multiple reminders [4][5]. - Approximately 650 million yuan of the funds claimed to be invested by Zhuji Wenshenghui are reportedly unutilized and under their direct control, raising concerns about "false capital contributions" [4][5]. - The company has initiated legal action against Zhuji Wenshenghui and its associated entities, which has been accepted by the court [5]. Group 3: Historical Context and Recent Developments - Huiyuan Juice, established in the early 1990s, has faced severe debt crises and underwent a court-approved restructuring in June 2022, with plans for a significant investment of 1.6 billion yuan to revitalize operations [8][10]. - In 2023, Huiyuan Juice reported revenues of 2.745 billion yuan and a net profit of 424 million yuan, indicating operational improvements post-restructuring [10]. - A failed acquisition attempt by Guozhong Water in April 2023, due to frozen share rights, has further complicated Huiyuan's financial landscape and potential for future growth [6][11].

Core Viewpoint - The announcement of the termination of a major asset restructuring by Guozhong Water (国中水务) has led to negative rumors about Huiyuan Juice (汇源果汁), which the company has strongly refuted, asserting that its operations are stable and improving since its restructuring in 2022 [1][2][5]. Group 1: Company Background - Huiyuan Juice, established in 2006, is a leading company in the domestic high-concentration juice market, known for its slogan "Having Huiyuan means celebrating the New Year" [9]. - The company raised HKD 2.4 billion in its IPO in 2007, becoming the largest IPO on the Hong Kong Stock Exchange that year, but it was delisted in 2021 and underwent bankruptcy restructuring [9]. - In June 2022, Huiyuan Juice's restructuring plan was approved, with Wensheng Assets becoming its controlling shareholder and planning to invest CNY 1.6 billion to restart operations [9]. Group 2: Recent Developments - In 2023, Huiyuan Juice reported a revenue of CNY 2.745 billion and a net profit of CNY 424 million, with a non-recurring net profit of CNY 393 million, indicating operational improvement [9]. - Guozhong Water announced plans to acquire shares of Zhuhai Wensheng Hui, which would indirectly control Huiyuan Juice, but the acquisition was halted due to the freezing of the target equity [5][9]. - The ongoing legal disputes involving Wensheng Assets and other parties have resulted in the freezing of shares, impacting the asset restructuring process [9].