安克创新科技股份有限公司 关于公司完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 安克创新科技股份有限公司（以下简称"公司"）于 2025 年 11 月 27 日召 开 2025 年第四次临时股东会，审议通过《关于修订<公司章程>并办理工商变更 登记的议案》，同意因限制性股票归属导致公司股本发生变化，公司总股本由 531,538,199 股变更为 536,157,605 股，同时基于证券相关法律法规最新要求，对 《公司章程》相关条款予以修订。 公司已于近日完成工商变更登记和备案手续的办理，并取得湖南湘江新区管 理委员会行政审批服务局换发的《营业执照》，具体情况如下： 一、变更后的营业执照基本情况 统一社会信用代码：91430111587017150P 名称：安克创新科技股份有限公司 | 证券代码：300866 | 证券简称：安克创新 | 公告编号：2025-122 | | --- | --- | --- | | 债券代码：123257 | 债券简称：安克转债 | | 住所：长沙高新开发区尖山路 39 号长沙中电软件园有限公 ...

证券时报·数据宝统计显示，安克创新今日收盘价为110.70元，上涨2.47%，日换手率为3.55%，成交额 为11.69亿元，全天主力资金净流入9709.81万元，近5日该股累计下跌0.42%，近5日资金合计净流入 3834.81万元。 两融数据显示，该股最新融资余额为7.10亿元，近5日增加1446.75万元，增幅为2.08%。（数据宝） （文章来源：证券时报网） 安克创新12月12日大宗交易平台出现一笔成交，成交量20.61万股，成交金额2281.53万元，大宗交易成 交价为110.70元。该笔交易的买卖双方均为机构专用席位。 12月12日安克创新大宗交易一览 | 成交量（万 | 成交金额（万 | 成交价格 | 相对当日收盘折溢价 | 买方营业 | 卖方营业 | | --- | --- | --- | --- | --- | --- | | 股） | 元） | （元） | （%） | 部 | 部 | | 20.61 | 2281.53 | 110.70 | 0.00 | 机构专用 | 机构专用 | ...

Group 1 - Overseas institutions conducted research on 74 listed companies in the past 10 days, with Huichuan Technology being the most focused, receiving attention from 51 overseas institutions [1] - A total of 402 companies were researched by institutions, with securities companies accounting for 364, followed by fund companies with 290 [1] - The average stock price of companies researched by overseas institutions increased by 1.98% over the past 10 days, with the best performer being Jerry Holdings, which saw a cumulative increase of 41.27% [1] Group 2 - The stock price performance of companies researched by overseas institutions showed that 41 stocks declined, with the largest drop being 10.11% for Yingstone Innovation [3] - The top companies by overseas institution research include Anke Innovation with 48 institutions participating, ranking second after Huichuan Technology [1][2] - The stock price of Huichuan Technology increased by 5.15%, closing at 73.73 yuan, despite being the most researched [1]

巨头的烦恼。 《投资者网》引线 | 吴微 A股消费电子板块的标杆安克创新（300866.SZ），近日向港交所提交了招股书，拟港股二次上市。安克创新曾以独特的"浅海战略"和极致的单品运营能 力，在全球消费电子版图中切下了一块属于中国品牌的蛋糕。从早期的充电配件起家，到如今构建起的包含智能家居、影音娱乐在内的多品类矩阵，安克创 新不仅是"出海"的代名词，更是中国供应链向全球品牌转型的样本。 然而，安克创新的估值逻辑正在发生微妙的变化。自2025年8月以来，安克创新A股股价经历了一轮显著的调整。这种市场情绪的波动，或许能在其财务数 据中找到解释。2025年第三季度，安克创新虽然维持了19.88%的营收增长，但较此前30%以上的收入增速相比，已出现了明显的放缓，同期公司的扣非净利 润甚至出现了2.92%的下降，为2022年第一季度来的首次。值得注意的是，2025年前三季度，安克创新的存货账面余额在短短九个月内出现了90%以上的增 长，达到61.47亿元。 在营收规模冲刺300亿大关之际，安克创新此时选择赴港双重上市，既是全球化资本布局的必然一步，也折射出这家消费电子巨头在"浅海"渐深、竞争加剧 背景下增长放慢的压力。 ...

Core Viewpoint - Anker Innovations is embarking on a new journey with its "A+H" dual capital platform, having submitted its main board listing application to the Hong Kong Stock Exchange, with major underwriters including China International Capital Corporation, Goldman Sachs, and JPMorgan Chase [1] Group 1: Company Overview - Anker Innovations, founded in 2011 and headquartered in Changsha, China, has become a creator of innovative products in the global smart hardware technology industry, with a product range covering smart charging and energy storage, smart home, and innovative audio-visual products [2] - The company’s product matrix includes mobile charging, consumer-grade energy storage, smart security, smart cleaning, creative printing, smart audio, and smart projection, catering to personal, home, and outdoor scenarios [2] Group 2: Business Segments and Financial Performance - The smart charging and energy storage business is projected to account for 51.3% of revenue in 2024, with products like the SOLIX F3800 Plus portable power station and Solarbank 3 E2700 Pro balcony photovoltaic storage device [3] - Revenue from the smart home and innovative business reached 5.5 billion RMB in the first nine months of 2025, a year-on-year increase of 36.2%, driven by popular products under the eufy brand [3] - The smart audio-visual business, led by brands soundcore and Nebula, achieved 4.6 billion RMB in revenue in the first nine months of 2025, reflecting a 20.2% year-on-year growth [3] Group 3: Market Presence and Sales Channels - As of September 30, 2025, Anker Innovations has sold products to over 180 countries and regions, serving more than 200 million users, with over 96% of revenue coming from overseas markets [5] - North America contributed 45.2% of revenue, while Europe’s market share increased to 26.9% in the first three quarters of 2025 [5] - The company collaborates with leading e-commerce platforms like Amazon and JD.com, with online sales accounting for 71.2% of revenue in 2024 [5] Group 4: Competitive Advantages and Industry Outlook - Anker Innovations has established competitive barriers through technological innovation, global layout, and brand accumulation, with a focus on core technology research and development [7] - The company has 2,747 global authorized patents and a compound annual growth rate of 39.7% in R&D expenses from 2022 to 2024, with a R&D expense ratio of 9.3% in the first nine months of 2025 [7] - The global smart hardware market is projected to reach approximately $1.2 trillion in 2024, with a compound annual growth rate of 5.9% from 2024 to 2029, and the "shallow sea market" segment, which Anker focuses on, is expected to grow at a rate of 11.5% [9][11] Group 5: Financial Growth and Shareholder Returns - From 2022 to 2024, the company's revenue grew from 14.25 billion RMB to 24.71 billion RMB, with a compound annual growth rate of 31.7%, and net profit increased from 1.19 billion RMB to 2.21 billion RMB, reflecting a 42.9% growth rate [13] - The company maintained a stable gross margin of 43.3% in the first nine months of 2025, with a dividend payout ratio increasing from 42.7% in 2022 to 52.8% in 2024 [13] Group 6: Future Plans and Funding - The net proceeds from the Hong Kong listing will primarily be used for product iteration and innovation, R&D and talent acquisition, brand and user operations, global direct sales channel development, supply chain upgrades, and working capital [15] - The focus will be on optimizing core product lines in smart charging, smart home, and smart audio-visual sectors, while also developing emerging product categories [15]

Core Viewpoint - Anker Innovations Technology Co., Ltd. is embarking on a new journey with its "A+H" dual capital platform, having submitted its main board listing application to the Hong Kong Stock Exchange [1] Group 1: Company Overview - Founded in 2011 and headquartered in Changsha, China, Anker Innovations has become a creator of innovative products in the global smart hardware technology industry [2] - The company has three main product lines: smart charging and energy storage, smart home, and innovative audio-visual products, covering a wide range of applications from personal consumption to outdoor use [2] Group 2: Financial Performance - The smart charging and energy storage business is projected to account for 51.3% of revenue in 2024, with products like the SOLIX F3800 Plus portable power station and Solarbank 3 E2700 Pro solar storage device [3] - For the first nine months of 2025, revenue from the smart home and innovative business reached 5.5 billion RMB, a year-on-year increase of 36.2% [3] - The smart audio-visual business generated 4.6 billion RMB in revenue during the same period, reflecting a 20.2% year-on-year growth [3] - From 2022 to 2024, the company's revenue is expected to grow from 14.25 billion RMB to 24.71 billion RMB, with a compound annual growth rate (CAGR) of 31.7% [14] Group 3: Market Presence - Anker's products are sold in over 180 countries, serving more than 200 million users, with over 96% of revenue coming from international markets [5] - North America contributed 45.2% of revenue, while Europe accounted for 26.9% in the first three quarters of 2025 [5] Group 4: Competitive Advantages - The company has established a competitive barrier through technological innovation, global layout, and brand accumulation, holding 2,747 global patents as of September 30, 2025 [7] - Anker operates under a "no factory model," focusing on research, design, and brand operation, with its mobile charging products ranked second globally and first among independent brands [7] Group 5: Industry Outlook - The global smart hardware market is projected to reach approximately $1.2 trillion in 2024, with a CAGR of 5.9% from 2024 to 2029 [10] - The "shallow sea market" that Anker focuses on is expected to grow to $340 billion by 2024, with a CAGR of 11.5% [10] Group 6: Future Plans - The net proceeds from the Hong Kong listing will primarily be used for product iteration and innovation, research and talent acquisition, brand and user operations, global direct sales channel development, and supply chain upgrades [16] - The company aims to enhance its global layout and strengthen its market position in the face of rapid technological advancements and competition [16]

Core Viewpoint - Anker Innovations, once a leader in the mobile power sector, faces multiple challenges including product recalls, overseas tariff impacts, and cash flow pressures, raising questions about its quality control and risk resilience as it pursues a Hong Kong listing amid ongoing operational difficulties [3][19]. Company Background - Founded in 2011 by former Google engineer Yang Meng, Anker Innovations started by addressing high prices of original laptop batteries through a private label distribution model [4]. - The company quickly rose to prominence on Amazon, becoming the top-selling charging brand globally, and later transitioned to self-research and development, establishing a strong brand presence [5]. - Anker went public on the Shenzhen Stock Exchange in 2020, focusing on "shallow sea" strategies to avoid highly competitive markets, leading to rapid product line expansion [5]. Recent Developments - In November 2025, Anker's board approved a plan for a Hong Kong listing, aiming to raise funds for product innovation, R&D, supply chain upgrades, and global market expansion [6]. - The company has faced significant product recalls due to quality control issues, including a major recall of 325,300 power banks in June 2025 due to overheating risks linked to battery suppliers [8][12]. Financial Performance - Anker's cash flow has deteriorated over several quarters, with a net cash flow from operating activities of -288 million yuan in Q1 2025, worsening to -1.132 billion yuan in Q2 [14]. - The company reported a net profit margin of 9.37% in the first three quarters of 2025, indicating profitability but still lagging behind industry leaders [16]. Market Challenges - Anker faces intensified competition from brands like Ugreen and Baseus in the domestic market, as the advantages of its "shallow sea" strategy diminish [17]. - The company's reliance on a "light manufacturing" model has led to quality control vulnerabilities, as production is fully outsourced, which has been highlighted in its ESG reports [12]. Future Outlook - The upcoming Hong Kong listing is seen as a potential lifeline for Anker, but investor confidence may be hindered by ongoing quality issues and cash flow challenges [19]. - The company's brand reputation has been significantly impacted by recent recalls, and its ability to manage supply chain risks will be crucial for future success [19].

Group 1 - Institutional research activities have significantly accelerated entering the fourth quarter, with 419 companies receiving institutional research from November 27 to December 10, and 83 of these companies were involved with overseas institutions [1][3] - Among the companies researched by overseas institutions, Huichuan Technology received the most attention with 51 overseas institutions participating, followed by Anker Innovation with 48 institutions [3] - The Beijing Stock Exchange also attracted institutional interest, with 35 companies being researched in the month from November 11 to December 10, and Naconor was the most focused on, with 91 institutions participating in the research [3] Group 2 - The active institutional research aligns with the order visibility reported by listed companies, as nearly 200 A-share listed companies indicated "full orders" or "industry prosperity" during institutional research since November [3]

Core Viewpoint - Anker Innovations has shown strong revenue growth and profitability in the first three quarters of 2025, with a focus on R&D and brand development despite a slight decline in net profit [1][2]. Group 1: Financial Performance - Anker Innovations reported a revenue of 21.019 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 27.79% [1]. - The net profit attributable to shareholders reached 1.933 billion yuan, up 31.34% year-on-year, while the net profit excluding non-recurring items was 1.483 billion yuan, reflecting a growth of 13.82% [1]. - The company's overseas revenue was 20.322 billion yuan, increasing by 28.01%, while domestic revenue was 0.697 billion yuan, growing by 21.59% [1]. Group 2: Revenue Distribution - Online channel revenue amounted to 14.396 billion yuan, marking a year-on-year increase of 25.22%, while offline channel revenue was 6.623 billion yuan, up 33.76% [1]. - R&D expenses for the third quarter were 0.751 billion yuan, a 24.72% increase year-on-year, and sales expenses were 1.872 billion yuan, rising by 25.13% [2]. Group 3: Market Position and Strategy - Anker Innovations ranks 4th in the consumer electronics industry with a price-to-earnings ratio of 22.42, compared to the industry average of 50.97 [1]. - The company is committed to its mission of "extreme innovation, inspiring possibilities," focusing on its core brands Anker, eufy, and soundcore to deliver innovative products to global consumers [2].

Core Viewpoint - Anker Innovation announced the approval of a proposal to use raised funds to replace self-raised funds for investment projects, amounting to 74.7004 million yuan [2] Group 1 - The fourth board meeting of Anker Innovation was held on December 8, 2025, where the proposal was reviewed and approved [2] - The company will utilize 74.7004 million yuan of raised funds to replace self-raised funds that were previously invested in fundraising projects [2]