{
  "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
  "docSlug": "4e8802588ba6",
  "documentTitle": "ANTA Sports Products Limited (2020.HK)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-08 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 22,
  "pageCount": 92,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a photo and a quote from a media source to link an individual to ANTA management, supporting an investigation into corporate control.",
  "elementsJson": [
    "photo",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/22",
  "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-22",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "An investigator we sent to Shenzhen Kuayu’s registered address received confirmation that ANTA controls SZ Kuayu and other Guangdong distributors, and that each is a subsidiary of ANTA.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0396-73da-b90b-e88a2e9de208",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.277,
        "w": 0.398,
        "x": 0.301,
        "y": 0.145
      },
      "kind": "image",
      "text": "Photo of Lin Aihui at a media event",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "55a88681-4447-4ee7-9168-14182faee950",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.051,
        "w": 0.764,
        "x": 0.118,
        "y": 0.599
      },
      "kind": "paragraph",
      "text": "An investigator we sent to Shenzhen Kuayu’s registered address received confirmation that ANTA controls SZ Kuayu and other Guangdong distributors, and that each is a subsidiary of ANTA. Note that the SZ Kuayu representative maintained the charade until the investigator delivered a canny cover story.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "608cafde-9b76-4aba-8122-cdbb5410b44e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.025,
        "w": 0.764,
        "x": 0.118,
        "y": 0.093
      },
      "kind": "paragraph",
      "text": "Manager and Legal Representative. However, he has been identified in media as the general manager of ANTA's Haikou, Hainan branch.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c778f17a-adb9-4041-9047-6c341339e248",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.025,
        "w": 0.544,
        "x": 0.228,
        "y": 0.554
      },
      "kind": "paragraph",
      "text": "Lin Aihui, the General Manager of the Haikou Branch of ANTA Sports told the Phoenix TV Network of Hainan that ANTA advocates sports and healthy living...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f339f944-d4e6-413b-a2b5-4949f8fc0347",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.085,
        "w": 0.398,
        "x": 0.301,
        "y": 0.424
      },
      "kind": "paragraph",
      "text": "安踏体育用品有限公司海口分公司总经理林爱辉告诉凤凰网海南频道，安踏提倡体育精神健康生活，与微马赛的主旨不谋而合，助力本次微马赛希望更多的人加入运动队伍，快乐运动，健康生活。（胡林）",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f9a2dd7f-73bd-47f5-81bd-0bc7f7cc93ae",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“Lin Aihui, the General Manager of the Haikou Branch of ANTA Sports told the Phoenix TV Network of Hainan that ANTA advocates sports and healthy living…” — Muddy Waters translation of Chinese text.",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-0396-73da-b90b-eca0517185a6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.45,
        "x": 0.118,
        "y": 0.881
      },
      "kind": "source-note",
      "text": "https://share.iclient.ifeng.com/shareNews?aid=cmpp_088800005963994",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "40ed7dda-cbff-4de4-a731-40c7e5bfd41c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 90,
      "from": 4,
      "beatId": "35040399-ced0-49f3-be43-86667596fb86",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}