Core Viewpoint - The recent revelations by Wei Miaomiao, the wife of Huang Angen, the founder of Run Tian Mineral Water, highlight the complex personal and financial history of the company, including its past successes and current challenges [1][3][7]. Company Background - Run Tian was founded in 1994 by Huang Angen, who transitioned from a medical career to capitalize on the bottled water market, launching a 550ml pure water product [4]. - The company initially gained traction through a competitive pricing strategy, offering its products at 1 yuan, significantly lower than the market average of 1.5 to 2 yuan [5]. - In 2007, Run Tian received a significant investment of 200 million yuan from SoftBank China Venture Capital, marking a high point in its growth [5]. Financial Performance - Run Tian's revenue was reported at 12.8 billion yuan in 2004, with profits of 1 to 2 billion yuan annually, indicating strong historical performance [11]. - The company is projected to achieve revenues of 1.15 billion yuan and 1.26 billion yuan in 2023 and 2024, respectively, with net profits of approximately 147 million yuan and 177 million yuan [11]. Recent Developments - Huang Angen exited the company around 2015 amid a financial crisis, which included issues such as unpaid wages and debts to distributors [6][7]. - The current structure of Run Tian is under the control of Jiangxi Provincial State-owned Assets Supervision and Administration Commission, with the company now being a state-controlled entity [9][11]. - Wei Miaomiao has been leveraging her husband's influence to promote their skincare brand on social media, despite the company's troubled history [3][11]. Legal and Debt Issues - Huang Angen is still listed as a defendant in multiple enforcement cases, with outstanding debts totaling approximately 28 million yuan [16][17]. - The previous company, Jiangxi Run Tian Natural Beverage Food Co., Ltd., has been dissolved, indicating unresolved financial issues that continue to affect the new entity [11][12].