Core Viewpoint - The company is currently embroiled in a power struggle between its original investors and the restructuring party, leading to significant disruptions in its operations and supply chain, particularly resulting in stock shortages on major e-commerce platforms [1][2][4]. Company Summary - Beijing Huiyuan Food and Beverage Co., Ltd. (Huiyuan) has accused its major shareholder of interfering with its operational order, which has caused widespread stock shortages on e-commerce platforms [1]. - On September 12, Huiyuan issued a statement regarding the illegal actions of Shanghai Wensheng Asset Management Co., Ltd. and Zhuji Wensheng Hui's self-owned funds investment company, claiming they provided false information and illegally forged company seals to withdraw a lawsuit against Huiyuan [2][4]. - Huiyuan has reported that its official flagship store on platforms like Taobao is currently out of stock, only offering a recharge link for consumers [4]. - The company has called for regulatory authorities to investigate the illegal activities involving false documentation and manipulation, emphasizing the need to maintain normal market order and protect consumer rights [12]. Financial and Operational Context - In June 2022, the Beijing First Intermediate People's Court approved Huiyuan's restructuring plan, with Wensheng Asset playing a crucial role in this process by committing to invest 16 billion yuan over three years [13]. - However, as of August 9, 2023, Huiyuan disclosed that 8.5 billion yuan of the promised investment had been overdue for over a year, with repeated requests for payment going unheeded [14]. - Despite the restructuring efforts, Huiyuan's revenue for 2024 is projected at 2.48 billion yuan, with a net profit of 340 million yuan, reflecting an 18.9% decline [17]. Industry Context - The juice market has become increasingly competitive, with major players like Nongfu Spring, Coca-Cola (Minute Maid), and Wei Chuan intensifying their efforts, alongside the rise of new brands [15]. - The industry is experiencing a shift towards healthier, sugar-free products, necessitating significant investment in product innovation, channel development, and marketing strategies, which has prompted Huiyuan to seek new capital [15].