Annil (SZ:002875) Sou Hu Cai Jing·2025-10-16 11:24Core Viewpoint - Anner (002875), a well-known children's clothing company in China, has appointed Yang Wentao as the new chairman of its board of directors, marking a significant leadership change as the company faces ongoing operational challenges and declining financial performance [1][5][7]. Group 1: Leadership Changes - The board of directors has elected Yang Wentao as the chairman, with his term starting from the date of the board's approval until the end of the current board's term [1]. - Yang Wentao will also serve as the company's general manager, consolidating leadership roles [5]. - The company has undergone a change in its legal representative, which will now be Yang Wentao, as per the company's articles of association [4]. Group 2: Board Composition - The board has approved the appointment of Yang Wentao and Lin Leshui as non-independent directors for the fourth board term [4]. - The specialized committees of the board have been adjusted, with new members appointed to the strategy, nomination, audit, and compensation committees [4]. Group 3: Financial Performance - Anner has experienced a continuous decline in revenue for five consecutive years, alongside losses during the same period [7]. - In the first half of 2025, the company's revenue was 263 million yuan, a year-on-year decrease of 23.5%, while the net loss slightly decreased from 30.08 million yuan to 28.70 million yuan compared to the same period last year [8]. Group 4: Business Overview - Anner specializes in the value chain of children's clothing, including independent research and design, supply chain management, brand promotion, and both direct and franchise sales [6].