Annil (SZ:002875) Nan Fang Du Shi Bao·2025-06-11 04:17Core Viewpoint - An announcement was made regarding the change of control at Annier, with Huang Tao from Century Jinyuan set to become the new actual controller of the company following a share transfer agreement [1][3]. Group 1: Share Transfer Details - On June 9, the controlling shareholders Cao Zhang and Wang Jianqing signed a share transfer agreement with Shenzhen Xinchuyuan Investment Partnership, transferring a total of 27,764,400 shares, which accounts for 13.03% of the total share capital of Annier [3]. - The share transfer price was set at 15.21 RMB per share, totaling approximately 422 million RMB [3]. - Following the transfer, Cao Zhang will relinquish voting rights for 30,562,400 shares, representing 14.35% of the total share capital, making Xinchuyuan the controlling shareholder [3]. Group 2: Company Background and Performance - Annier, one of the earliest children's clothing brands in China, was founded in 1996 and went public in 2017, becoming the first children's clothing stock in A-shares [4]. - The company has faced significant challenges since 2020, with revenue declining for five consecutive years and net losses totaling 506 million RMB over this period [5]. - In 2024, Annier reported revenue of 639 million RMB, down from 1.327 billion RMB in 2019, and a net loss of 116 million RMB [5]. Group 3: New Controller's Background - Huang Tao, the actual controller of Xinchuyuan, is also the president of Century Jinyuan Investment Group, a large private enterprise with investments exceeding 400 billion RMB across various sectors [5][6]. - Century Jinyuan operates over 100 shopping centers and manages more than 10 million square meters of commercial space [6]. Group 4: Market Reaction - As of June 10, Annier's stock price closed at 16.08 RMB, reflecting a decline of 4.85% [7].