{
  "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": 77,
  "pageCount": 92,
  "prevPage": 76,
  "nextPage": 78,
  "slideType": "preempt_rebuttal",
  "function": "preempt_rebuttal",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": "The slide presents qualitative evidence in a table format to support the thesis that ANTA exerts significant control over its business entities.",
  "elementsJson": [
    "data_table",
    "paragraph"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/77",
  "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-77",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Another former executive who worked at ANTA headquarters, “Mr. B”, corroborated that ANTA controls most of its Tier 1 distributors:",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0396-73da-b911-66f26c82aada",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.78,
        "x": 0.11,
        "y": 0.48
      },
      "kind": "paragraph",
      "text": "Another former executive who worked at ANTA headquarters, “Mr. B”, corroborated that ANTA controls most of its Tier 1 distributors:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3fbcf612-b3ca-41ab-92bf-b4be684f1f7e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“...It [ANTA] has the final say on the human, on the subsidiaries and also final say on, I think the HR to how to say this. Three positions in the subsidiary have to be picked by the Anta group. One is the HR manager and one is the finance manager and that is really important to the Anta group, and also they can be, they have the final say also on the general manager and also the top management.” — Mr. A",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-0396-73da-b911-6b0cac153992",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.78,
        "x": 0.11,
        "y": 0.09
      },
      "kind": "table",
      "text": "Interview transcripts between Q and Mr. A/Mr. B regarding corporate control structures.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "84e4f9ca-bb85-4237-867f-5282bd565de0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "evidence-matrix",
      "slug": null,
      "matchId": "64dcf93b-f896-4a6b-badd-b37dfbbd9224",
      "evidence": "The slide uses interview transcripts as primary evidence to support a claim about corporate control.",
      "confidence": 0.7
    }
  ],
  "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
}