Jordan Sports In China Has Not Been Listed For Four Years.

At home, I believe many people know that Jordan sports brand, Jordan sports has a certain market in the country, but through the trial meeting has been 4 years, the group still can not be listed.

Recently, the SFC website announced the "state of the enterprise's basic information on the first public offering of the Shanghai Stock Exchange" shows that as of March 17, 2016, Jordan sports approval status has passed the trial meeting.

The news is believed by the market. Jordan Sports will be sprint again after four years.

In this regard, Jordan sports Dong Ma Tian Sheng said that the company is supplementing the annual report, other events need to see how the Commission will arrange.

According to an investment bank, according to the meeting requirement of the company that has issued the securities issue by the trial committee, it is necessary to meet 17 conditions at the same time without having to go back to the meeting again. Otherwise, even if the company that has already passed the SFC audit needs to be re examined, after four years, the financial data of Jordan sports has been completely different. Whether it needs to be reopened will also need to see whether the information submitted by the company can be reviewed. To get the approval after the meeting of the SFC.

　　 Litigation and listing

In fact, as early as 2011, Jordan sports IPO audit has been approved by the SFC.

The SFC website shows that in November 25, 2011, the announcement of the 263rd meeting of the trial committee in 2011 was announced, and Jordan sports Limited by Share Ltd (first) was adopted.

But in February 2012, American basketball stars. Michael Jordan Jordan sports is prosecuted for trademark disputes in China. The Trademark Review and Adjudication Board of the State Administration for Industry and Commerce has decided to maintain a series of trademark registration of Jordan sports. Michael Jordan refused to accept the ruling and filed a lawsuit against the first intermediate court of Beijing.

It was also the lawsuit that made Jordan sports, which was originally on the market, late.

At a news conference in November 28, 2014, in response to more than a dozen reasons that had passed but not approved, the SFC said that after having passed the trial meeting but had not yet approved the issuance of the enterprise, it would approve its issuance according to law after its procedures were fulfilled, and there were special matters such as Jordan sports. The pending litigation will be pushed forward according to the procedure after the relevant limited factors are eliminated.

In early 2015, the Beijing intermediate court dismissed Michael Jordan's claim. Michael Jordan appealed to the Beijing high court for the cancellation of the original trial and the defendant's ruling.

In May 2015, the Beijing Higher People's court made a judgment on 32 of the 78 Jordan sports trademark disputes. The court upheld the first instance judgment and dismissed Michael Jordan's appeal for cancellation of Jordan's sports dispute trademark registration.

"Michael Jordan's controversial and civil and administrative litigation against Jordan's sports trademark since 2012 is a series of malicious lawsuits organized by foreign competitors in order to impede Jordan's successful listing and development of sports." Tian Sheng once told the media that the result not only affected the IPO process of the company, but also harmed the brand goodwill accumulated by the company for more than 10 years.

It is noteworthy that, according to media reports, Michael Jordan's legal adviser's spokesman said he regretted the court's decision on trademark disputes, and they would apply for a retrial to the Supreme People's court.

For the proceedings of the two sides in the Supreme Court, Tian Sheng told reporters that the media coverage prevail.

　　 The key is after meeting.

A spokesman for Michael Jordan's legal advisor said that it would apply for retrial to the Supreme People's court. The time has passed 10 months ago. Jordan sports's listing approval has not yet been obtained. During the period, there are factors that cause the IPO suspension in the A share market crash. However, whether the application of retrial matters in the direction of the highest people's court will continue to affect the IPO process of the company has always been a market pass. Focus of attention. In this regard, Pang Shiyao, director of Tianjin de Xi law firm, told reporters that the second instance decision of the Beijing Higher People's court was the final decision. Although the Supreme People's court applied for a retrial, the Supreme Court's approval of the retrial is usually reaffirmed in the case of serious evidence and trial procedure, and in the trial of intellectual property rights. This situation is rare, and the possibility of reaffirming the Supreme Court is small. In principle, the above events should no longer become a major matter affecting Jordan sports IPO's approval.

It is worth noting that although Jordan sports IPO audit has already been approved by the SFC in 2011, it is necessary to reiterate that it is necessary to meet relevant regulations.

According to an investment bank, in May 10, 2002, the China Securities Regulatory Commission issued the No. fifth memorandum of audits issued by the Ministry of supervision (Revised). With regard to the regulations on the supervision and sealing up of companies after the issuance of securities by the trial committee, it is stipulated that after 4 years, the financial data of Jordan's previous sports IPO are outdated, and the company has gone through such a long lawsuit. Therefore, whether there is a significant change in the updated financial data and the effect of litigation on the company or will be the matter after the meeting of the securities and Futures Commission. Focus of attention.

Because Jordan sports in recent years, financial data can not be querying, so I do not know whether the company's financial data in recent years fluctuated significantly.

"If the company's financial data in recent years is not obviously abnormal, for the above litigation and other matters, as long as the instructions issued by the leading underwriters, law firms and accounting firms can be recognized by the SFC, the company will not need to resume the meeting." Otherwise, the company may face a new meeting.

In this regard, Tian Sheng said that at present, the company is supplementing the annual report, and other events need to see how the CSRC arranges.

　　 Industry changes

Although no significant changes have been made in the financial data of Jordan sports in recent years, most of the company's major competitors have undergone dramatic changes in recent years.

The prospectus issued by Jordan sports in 2011 shows that the company's products are mainly sportswear series, which are divided into three categories: footwear, clothing and accessories.

Data show that Anta sports attributable to shareholders net profit, from 2011 to 2015, respectively, 1 billion 730 million yuan, 1 billion 358 million yuan, 1 billion 314 million yuan, 1 billion 700 million yuan, 2 billion 40 million yuan, the overall performance is relatively stable.

Similarly, Lining, who also runs sportswear, net profit attributable to shareholders from 2011 to 2014 was 385 million yuan, -19.79 billion yuan, -3.92 billion yuan and -7.81 billion yuan respectively. In 2015, the company's data turned into a profit of 14 million yuan, showing a sharp fluctuation.

In addition, another PEAK sports business income, net profit and the number of stores in recent years also showed a sharp fluctuation.

From 2012 to 2014, with the weakening of domestic and foreign economy, PEAK sports began to close shop, and the annual profit and turnover of equity holders showed a sharp decline and then picked up. By the year 2015, the number of retail outlets operated by PEAK sports was 5999, while turnover increased to 3 billion 107 million yuan, and the annual profit of equity holders should be 392 million yuan.

A broker said Peak Sports, for example, has experienced difficulties in closing stores and declining sales since 2012. But in the early days, these listed companies could expand the market on a large scale based on market financing, expand their visibility in the two or three tier cities, and enhance their recognition in the minds of consumers. In contrast, Jordan sports, which has not been listed successfully, has no support from the capital market in this respect. The previous facade expansion rate can not keep pace with peers, and its influence in the minds of consumers is not as great as that of the listed companies.