Core Viewpoint - Shenzhen Annai (002875.SZ) is undergoing a significant change in control, with a new investor, Shenzhen Xinchuangyuan Investment Partnership, set to become the controlling shareholder, while the founders will exit the company [1][10]. Group 1: Share Transfer Details - The share transfer agreement was signed on June 9, 2025, with the founders transferring 28 million shares (13.03% of total shares) to Xinchuangyuan for a total consideration of approximately 422 million yuan, at a price of 15.21 yuan per share [10]. - Following the transfer, the founders will have cashed out over 1 billion yuan, with the new controlling shareholder, Huang Tao, taking over as the actual controller of Annai [10][12]. Group 2: Company Background and Performance - Annai, known as the "first stock in children's clothing," has faced declining performance since 2020, with net profits of -47 million yuan in 2020, -3 million yuan in 2021, -237 million yuan in 2022, -100 million yuan in 2023, and -115 million yuan in 2024 [9]. - The company attempted to pivot towards technology by planning to acquire a stake in Shenzhen Innovation Technology Co., Ltd. in late 2023, but this acquisition ultimately failed [9]. Group 3: New Controlling Shareholder - Xinchuangyuan was established on May 27, 2025, with a registered capital of 395 million yuan, and it paid 80 million yuan as an initial deposit for the share transfer just three days after its formation [3][5]. - Huang Tao, the actual controller of Xinchuangyuan, has a notable history in the stock market, having previously gained control of Wantu Technology (002331.SZ) and currently holding stakes in several other companies [5][6]. Group 4: Market Reaction - Annai's stock price has been volatile, with a notable increase of over 20% from May 27 to May 30, coinciding with the establishment of Xinchuangyuan and the payment of the initial deposit [7]. - On the day of the announcement of the share transfer, Annai's stock price experienced a significant drop, reflecting market concerns about the lack of asset injection plans from the new controlling shareholder [12].

Core 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].

Core Viewpoint - Anner's control transfer plan has made substantial progress, ensuring long-term stability and strategic development for the listed company through a combination of share transfer, voting rights waiver, and commitment not to seek control [1][2]. Group 1: Control Transfer Details - The actual controllers, Cao Zhang and Wang Jianqing, hold a combined 27.38% of shares, with Cao holding 19.13% and Wang 8.25% [2]. - The share transfer plan allows for a maximum transfer of 13.03%, with Cao retaining 14.35% of shares, thus remaining the largest shareholder [2]. - Cao's commitment not to seek control aims to eliminate future control disputes and signals stability in the company's control structure, which is beneficial for maintaining stock prices and company image [2][3]. Group 2: Buyer Commitments - The buyer has committed to acquiring an additional 3% of shares through block trading, ensuring their voting rights will not be less than 16.03%, making them the largest shareholder [3]. - This commitment reflects the buyer's confidence in the company's long-term value and their willingness to invest further [3]. Group 3: Market Context - The control transfer is part of a broader trend where multiple listed companies are considering control changes as a strategic upgrade opportunity [3]. - Successful completion of this transaction could help Anner overcome current development challenges and revitalize its brand in the children's clothing industry [3].

Core Viewpoint - Shenzhen Annil Children's Wear Co., Ltd. is undergoing a change in control, with the new controlling shareholder being Shenzhen Xinchuangyuan Investment Partnership and the actual controller being Huang Tao from Century Jinyuan Investment Group, which is expected to enhance the company's operational capabilities and market positioning [1][2]. Group 1: Control Change Details - The original controlling shareholders, Cao Zhang and Wang Jianqing, plan to transfer 27.7644 million shares (13.03% of total shares) to Xinchuangyuan at a price of 15.21 yuan per share, totaling approximately 422 million yuan [1]. - Xinchuangyuan has already paid 80 million yuan as an earnest money deposit, which is about 20% of the transaction price, indicating strong financial capability [1]. - The share transfer agreement includes a commitment to ensure stable control by waiving voting rights on the remaining shares held by the original shareholders [1]. Group 2: Future Plans and Strategic Direction - After acquiring control, Xinchuangyuan plans to reorganize the board and management within one month, nominating three non-independent candidates and three independent director candidates [2]. - Century Jinyuan, under Huang Tao, has a strong background in real estate and commercial operations, which aligns well with Annil's brand positioning in the children's apparel market [2][3]. - Annil has established 670 offline stores across the country, with 441 being directly operated, providing a solid foundation for the new controlling shareholder to optimize operations without needing to rebuild the business model [2][3]. Group 3: Market Outlook and Synergies - Analysts believe that the resources from Century Jinyuan can help Annil expand into shopping centers and enhance its member system and experiential offerings [3]. - The new controlling shareholder's previous success in transforming Anhui Wantong Technology Co., Ltd. into profitability is seen as a positive indicator for Annil's future performance [3]. - With the infusion of capital and industrial resources from Xinchuangyuan, Annil is expected to strengthen its capabilities in key areas such as market expansion, technology development, and supply chain optimization [3].

Core Viewpoint - Anner's major shareholder and actual controller are changing, with Shenzhen Xinchuangyuan Investment Partnership acquiring significant stakes from the founders, marking a pivotal shift in the company's ownership structure [1][3]. Group 1: Shareholder Changes - On June 9, Anner announced that its controlling shareholder would become Shenzhen Xinchuangyuan Investment Partnership, with Huang Tao as the new actual controller [1]. - Founders Cao Zhang and Wang Jianqing signed a share transfer agreement to sell 4.78% and 8.25% of their shares at a price of 15.21 yuan per share, totaling 422 million yuan [1]. - Following the transfer, Cao Zhang voluntarily relinquished voting rights for the remaining 14.35% of shares, effectively exiting the company's core operations [1]. Group 2: Financial Performance - Anner, once known as the "first children's clothing stock" in A-shares, has faced significant challenges since its IPO in 2017, with revenue plummeting from 1.327 billion yuan in 2019 to 639 million yuan in 2024, resulting in cumulative losses of 505 million yuan over five years [1]. - The number of Anner's stores has halved, indicating a shrinking market presence amid competition from brands like Semir's Balabala and Anta Children's [1]. Group 3: Market Reactions - The stock price of Anner showed a notable increase prior to the announcement of the ownership change, with a cumulative rise of 17.69% from May 28 to May 30, 2024 [3]. - On May 30, the stock reached a closing price of 16.90 yuan per share, reflecting a 10.03% increase and a total market capitalization of 3.6 billion yuan [3]. Group 4: Historical Context - Anner's journey from a small shop in Huaqiangbei to a publicly listed company valued at 3.6 billion yuan illustrates its initial commercial success, but the company has lost its way amid capital market challenges [3].

Core Viewpoint - Anner's controlling shareholder has changed to Shenzhen Xinchuangyuan Investment Partnership, with Huang Tao as the new actual controller, marking a significant shift in the company's ownership structure [1][3]. Group 1: Ownership Changes - The transfer involved the sale of 13.03% equity for 422 million yuan, with the previous controlling shareholders, Cao Zhang and Wang Jianqing, relinquishing their voting rights on an additional 14.35% of shares [3][11]. - This transaction concludes Anner's eight-year journey as a publicly listed company, with the stock experiencing a significant drop upon resumption of trading, falling nearly 4% to 16.29 yuan per share, resulting in a total market capitalization of 3.47 billion yuan [3][12]. Group 2: Financial Performance and Historical Context - Anner, once celebrated as the "first children's clothing stock" in A-shares, has faced declining financial performance, with net profit dropping by 27% in 2017, signaling the beginning of a five-year period of losses totaling over 500 million yuan [5][6]. - The company's revenue has halved from 1.327 billion yuan in 2019 to 639 million yuan in 2024, alongside a reduction in the number of stores from over 800 to 670 [6][12]. Group 3: Market Reactions and Future Prospects - Despite the challenges, Anner's stock price saw temporary boosts due to speculative trading around concepts like "antiviral fabrics" and AI, although these initiatives ultimately did not contribute significantly to revenue [8][10]. - The new owner, Huang Tao, is a notable figure in the capital market, and the market is now observing whether he can revitalize Anner amidst ongoing operational difficulties and a shrinking market presence [10][12].

Group 1 - Anner plans to change its controlling shareholder to Shenzhen Xinchuangyuan Investment Partnership, with Huang Tao as the actual controller [2][5][7] - The share transfer agreement involves Cao Zhang and Wang Jianqing transferring 4.78% and 8.25% of their shares respectively to Xinchuangyuan at a price of 15.21 yuan per share, totaling 422 million yuan [5][7] - Following the transaction, Xinchuangyuan will hold 13.03% of Anner's shares and gain corresponding voting rights, while Cao Zhang will retain 14.35% of the shares but waive voting rights [7][8] Group 2 - Xinchuangyuan was established on May 27, with a registered capital of 395 million yuan, primarily engaged in investment management [8][9] - Huang Tao, the actual controller of Xinchuangyuan, is also the actual controller of Century Jinyuan Group, which has previously been involved in acquiring control of Wantu Technology [3][9] - Anner's stock price surged by 17.69% from May 28 to May 30, coinciding with the announcement of the change in control [13] Group 3 - Anner has been experiencing a decline in revenue, with a reported 20.70% decrease in revenue from 2023 to 2024, and a net loss of 114.66 million yuan in 2024 [14] - The company plans to adjust its store structure and enhance its online presence to develop a "super comfortable Anner" brand image over the next 3 to 5 years [15]

安奈儿（002875）6月9日公告，实控人曹璋、王建青与深圳新创源投资合伙企业(有限合伙)签署了《股 权转让协议》及《表决权放弃协议》和《不谋求控制权承诺》，拟将其持有的2776.44万股股份(约占总 股本的13.03%)转让给受让方，转让总价款为人民币4.22亿元。《表决权放弃协议》和《不谋求控制权 承诺》显示，曹璋放弃剩余股份的表决权，不谋求上市公司的实际控制权。根据公告，受让方已于2025 年5月30日支付意向金8千万元，作为股份转让对价款的一部分，并明确剩余转让价款支付安排。 关于转让价款支付安排，受让方已于2025年5月30日支付了意向金8千万元，且公告显示，受让方最迟将 在深交所就本次协议转让出具确认函且缴纳完毕个人所得税之日起十个工作日内完成全部转让价款的支 付。此举传递出新的控股股东三大关键信息：一是对交易诚意的有力佐证，二是对控股安奈儿的坚定决 心，三是对上市公司优质资产的重视程度。这种雷厉风行的资金安排，为上市公司未来发展注入了强心 剂。 控制权变更通常作为企业发展的重要分水岭，往往孕育着转型升级的重大机遇。纵观资本市场，优质股 东赋能上市公司的成功案例不在少数。安奈儿，深耕童装行业29年 ...

Core Viewpoint - The founder couple of Anner, known as the "first stock of children's clothing," is planning to transfer 13.03% of their shares, relinquishing control of the company amid continuous losses over the past five years totaling over 500 million yuan [2][11]. Company Overview - Anner has experienced five consecutive years of losses, with total losses exceeding 500 million yuan, and has not successfully completed any mergers or acquisitions during this period [2][11]. - The company's revenue peaked at 1.327 billion yuan in 2019 but has since declined to 639 million yuan in 2024 [11]. - The founders' shareholding has decreased from 59.59% at the time of the company's IPO in 2017 to 27.38% after recent share transfers [3][5]. Shareholding Changes - The founders plan to transfer control to an investment management company, with the specific details of the transfer yet to be finalized [2][3]. - The couple has previously engaged in multiple share reductions, cashing out over 550 million yuan through various transactions [5][6]. Market Position and Competition - Anner is not considered a leader in the children's clothing market, with competitors like Semir and Anta achieving revenues exceeding 10 billion yuan [11][12]. - The company has faced significant challenges in expanding its store network, closing more stores than it opened in 2024 [12]. Strategic Insights - Analysts suggest that the new ownership could bring opportunities for growth, but the company must address its weaknesses in market positioning, channel expansion, and product innovation to compete effectively [13][14]. - The children's clothing market in China is projected to grow to 276.8 billion yuan by 2025, indicating potential for brands like Anner to capture market share if they adapt strategically [14].

深蓝财经 . 影响价值圈层！创立于2011年，关注中国最具价值公司，是新中产的财富顾问。 作者：杨波 来源：深蓝财经 "童装第一股"，安奈儿的老板这回真不想干了。 以下文章来源于深蓝财经 ，作者深蓝财经 6月3日，安奈儿刊发关于筹划公司控制权变更事项的停牌公告，控股股东曹璋、王建青夫妻拟转 让公司13.03%的股份，让出控股权。按照最新的持股比例，夫妻二人目前合计持有27.38%的公 司股份，如果转让13.03%，持股比例将降至14.35%。 值得注意的是， 就在停牌前一天，安奈儿股价强势涨停。很多股民怀疑，是不是消息提前泄露 了，并呼吁管理层严查 。 | 230 | 0 | 有内幕消息就是好啊,这市场什么价值 | 大度的乔 | 06-02 21:38 | | --- | --- | --- | --- | --- | | 253 | 1 | 打证监会举报啊,这种走势,明显提前泄露消息了 | 只买不卖行不行 | 06-02 21:39 | | 230 | 0 | 出消息,提前涨停,拉上去,散户接盘,直接浪市。 | 长线小蚂蚁 | 06-02 21:08 | | 244 | 0 | 赶紧去举报泄露内幕消息,一抓 ...