{
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  "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",
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  "pageNumber": 89,
  "pageCount": 92,
  "prevPage": 88,
  "nextPage": 90,
  "slideType": "preempt_rebuttal",
  "function": "expose_contradiction",
  "density": "sparse",
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  "notes": "The slide presents a dialogue between an interviewer and two subjects (Mr. A and Mr. B) to clarify the relationship between Yundong and ANTA's retail operations.",
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  "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/89",
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  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "In the ANTA system, retail operations are managed by the company Fujian Yundong, is that right?",
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    {
      "bbox": null,
      "kind": "quote",
      "text": "Yundong is a company that Ding Shizhong and Wu Yonghua invested in, it is responsible for the 24 subsidiaries. Basically, the big shareholders of these twenty something companies if it's not held by Ding Shizhong and Wu Yonghua they are held through Yundong. Yundong manages the retail side. — Mr. A",
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      "kind": "table",
      "text": "Transcript of Q&A regarding Yundong's role in managing ANTA retail subsidiaries and profit distribution.",
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      "evidence": "The dialogue probes the financial relationship between retail distributors and the parent company to identify potential profit shifting.",
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      "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
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