Anta Sports CFO Forest War Departure Has Not Brought Too Much Impact On Anta'S Operation.

According to the world clothing shoes and hats net, after December 15th,

He has issued a notice that he has resigned as chief financial officer, CO secretary and authorized representative for other career development opportunities since January 1, 2018.

Anta said it would find the right person to fill the vacancy of chief financial officer as soon as possible. After the resignation of Lin, Xie Jiancong, the current joint secretary, will be the Secretary of the company.

Although the departure of the Lin war did not have much impact on the operation of Anta, capital

There are negative emotions.

In the morning of December 18th, Anta's stock price fell against the market, and it fell 5.83% to HK $31.45.

But in the afternoon, the company's share price rebounded, closing at 2.69%, at HK $32.50.

Citigroup issued a report that Lin's resignation brought short-term negative impact to normal situation, because XTEP chief financial officer also resigned in July this year, announced in August that the net profit in the interim dropped 18%, or even issued a profit warning in December 8th, the annual net profit fell 25 to 35%, due to the company plans to buy back 150 million yuan of channel deposits.

Deutsche Bank said it had recently inspected Anta sports distributors, and its channel inventory has been healthy since the fourth quarter of 2015. It is estimated that the Anta brand's fourth quarter rate of goods delivery will reach a high double-digit rate, and it is estimated that next year's earnings will be better than market expectations.

Anta is looking for a new candidate for the CFO. Deutsche believes it will not affect Anta's announcement of its annual performance early next year.

Lin Zhan (left 1)

As early as February 2016, Anta announced its 2015 results. The group pioneered the breakthrough of 10 billion yuan in revenue and became the first Chinese sporting goods company to join the "billion club".

Almost the same time, former chief financial officer Ling Shengping resigned for family reasons. Lin fought immediately to take over as an authorized representative of the company's chief financial officer, company secretary and company, and came into force on March 1, 2016.

Anta has publicly mentioned that Lin has over 20 years of experience in auditing, stock research, investment and financial management, and has worked in an international auditor's office and several international investment banks for over 10 years.

He holds a bachelor's degree in Business Administration from Chinese University Hong Kong and a master's degree in accounting and finance from London School of Economics and Political Science. He is a member of the Hongkong society of accountants.

In recent years, Lin has served as chief financial officer of SOHO, China, Lai Meng International Group, I.T Limited and Greentown China.

It is worth noting that in September 2015, SOHO China announced the resignation of Lin Chao as executive director and chief financial officer. The same reason is "seeking other career development opportunities" for only one year.

December 2015, Hongkong

I.T Limited, a clothing retailer, appointed Lin Zhan as chief financial officer. It came into force in January 2016. But Lin had been in office for less than two months and announced his move to Anta sports again.

Today, his term of office in Anta is not long enough to last for about a year and a half.

During the tenure of forest war, Anta group's financial performance was excellent.

In the 2016 fiscal year, Anta sports increased its operating income by 20% to RMB 13 billion 350 million yuan, and recorded a growth rate of over 20% for three consecutive years.

Meanwhile, in January 2017, the market value of Anta sports exceeded HK $60 billion for the first time.

In August this year, Lin Zhan announced the mid term performance report in Hongkong in August, and again handed over a satisfactory answer to the market.

As of June 30, 2017, the revenue of Anta group increased 19.2% to RMB 7 billion 320 million yuan, the profit attributable to shareholders increased by 28.5% to RMB 1 billion 450 million yuan, and gross profit margin rose 50% percentage points for the first time, rising 2.7 percentage points to 50.6%.

The retail sales of non Anta brands represented by FILA increased by more than 50%.

Similarly, during the tenure of the forest war, in May this year, Anta announced that it would raise $500 million in the issue of new shares to expand its new business and working capital.

It is speculated that after the good results of international brands acquired by FILA and other companies, Anta intends to continue to attract more overseas sports brands to enhance its influence. PUMA has become the target of rumors.

But so far, the company has not announced any acquisitions or cooperation projects with international sports brands.

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