Group 1 - The three major indices collectively rose, with the ChiNext Index opening low and then rising, reaching a new high for the year as of July 22, with a gain of 0.43% [1] - The Tianhong ChiNext ETF (159977) increased by 0.63% as of the same date, having gained nearly 19% over the past 60 trading days [1] - The latest circulating share count for the Tianhong ChiNext ETF is 3.626 billion shares, with a circulating scale of 8.692 billion yuan [1] Group 2 - Guotai Junan Securities recommends significantly increasing allocation to the ChiNext board while slightly increasing the allocation to the Sci-Tech Innovation Board and reducing allocation to the main board [2] - There is a notable adjustment in the holding structure of active funds, with increased allocation to mid-cap growth stocks represented by the CSI 500, such as technology hardware, pharmaceuticals, and new consumption [2] - The financial sector's allocation has been significantly increased, particularly in insurance, city commercial banks, and joint-stock banks, aligning with the trend of public fund reforms [2]

Investment Rating - The report indicates a positive investment outlook for the consumer-grade 3D printing industry, highlighting significant growth potential driven by various demand factors and technological advancements [3][79]. Core Insights - The consumer-grade 3D printing market is expected to reach USD 7.1 billion by 2028, with a compound annual growth rate (CAGR) of 19.2% from 2022 to 2028 [3][83]. - Key demand drivers include the rise of the maker movement in Europe and the U.S., the DIY culture, and the increasing consumer interest in personalized products [3][39]. - The supply side is characterized by technological advancements, a diverse material spectrum, and the establishment of community ecosystems that enhance customer engagement [3][91]. Summary by Sections 1. Market Overview - The consumer-grade 3D printing market is primarily designed for individual users and small businesses, offering ease of use and lower costs compared to industrial-grade printers [3][10]. - The market is witnessing rapid growth, with significant contributions from the U.S. and European markets, driven by high consumer spending power and interest in technology [3][47]. 2. Demand Drivers - The report identifies four main demand drivers: 1. The "garage innovation" culture in the U.S. and Europe, which promotes the adoption of desktop devices [3][39]. 2. The DIY trend among consumers, allowing for personalized product creation [3][40]. 3. The tool-like attributes of 3D printers for small businesses and educational institutions [3][59]. 4. The influence of trendy collectible products that enhance consumer interest [3][70]. 3. Supply Trends - The supply side is evolving with advancements in technology, including multi-functional devices and AI integration, which lower operational barriers for users [3][91]. - The materials used in 3D printing are becoming more diverse, allowing for a wider range of applications [3][106]. - Community ecosystems are being built to retain customer loyalty and encourage new entrants through crowdfunding opportunities [3][110]. 4. Key Players - Core companies identified in the report include: 1. Key components: Jieput, Ruike Laser, and Jinchengzi [3]. 2. 3D scanning accessories: Sikan Technology and Orbbec [3]. 3. Materials: Haizheng Materials, Huitong Technology, and Jialian Technology [3]. 4. Complete machines: Anker Innovation and others [3][28]. 5. Market Statistics - In 2024, China's 3D printer exports are projected to reach USD 1.147 billion, with a year-on-year growth of 31.09% [3][80]. - The report notes that over 90% of entry-level 3D printers globally are supplied by Chinese manufacturers, indicating a strong competitive position in the market [3][88].

Core Viewpoint - The introduction of stricter national standards for mobile power supplies, including power banks, aims to enhance industry regulations, promote quality competition, and phase out substandard products and companies [1][10]. Industry Overview - The mobile power supply industry has seen a rapid increase in registered companies, with over 2000 new registrations in 2019 and 2020, but this number sharply declined to only 53 in 2024 [2]. - The industry is currently facing severe safety issues, with a 43.6% non-compliance rate found in a recent inspection of 149 batches of mobile power supplies [2]. Safety Concerns - There has been a significant rise in safety incidents, with 15 similar events reported in the first half of 2025, doubling from the previous year [2]. - The use of low-quality battery cells by some companies has led to increased risks of overheating and fire, resulting in major recalls, including over 120,000 units by companies like Romoss and Anker [3][6]. Regulatory Changes - The introduction of the "Mobile Power Supply Safety Technical Specification" by the Ministry of Industry and Information Technology is part of a broader effort to tighten safety regulations [1][10]. - From August 1, 2024, products without 3C certification will be prohibited from being manufactured, sold, or imported, creating a regulatory framework to ensure product safety [9][10]. Market Dynamics - The crisis triggered by battery safety issues is reshaping the industry landscape, with leading companies focusing on technological upgrades to regain competitive advantage [5][11]. - Smaller companies are struggling to meet new compliance costs and quality standards, potentially leading to their exit from the market [7]. Future Outlook - The mobile power supply market is projected to grow to $10.87 billion by 2029, indicating a shift towards a more regulated and quality-focused industry [7]. - Companies that can transform compliance costs into technological advantages are expected to thrive in the upcoming industry reshuffle [12].

Core Viewpoint - Anker Innovation Technology Co., Ltd. is currently conducting research and analysis on equity financing in the Hong Kong capital market, indicating a strategic move to explore opportunities for listing in Hong Kong [1] Group 1: Company Actions - Anker Innovation has announced its intention to study equity financing options in Hong Kong [1] - The company is part of a growing trend of A-share companies seeking listings in Hong Kong, with 10 companies having done so in the year to date [1] Group 2: Market Trends - The number of companies listed simultaneously on both A-share and Hong Kong markets (A+H companies) has reached 160 [1] - Market analysts believe that with policy support, the synergistic effects between the mainland and Hong Kong markets will be further realized, suggesting a continuation of the trend for companies to list in Hong Kong [1]

| 证券代码：300866 | 证券简称：安克创新 | 公告编号：2025-075 | | --- | --- | --- | | 债券代码：123257 | 债券简称：安克转债 | | 安克创新科技股份有限公司 二、募集资金投资项目情况 根据公司《向不特定对象发行可转换公司债券募集说明书》，本次募集资金 扣除发行费用后拟投资于以下项目： 三、本次增加募投项目实施主体的情况 关于部分募投项目增加实施主体及开立募集资金专户的公告 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 7 月 16 日召开 第四届董事会第一次会议，审议通过《关于部分募投项目增加实施主体及开立募 集资金专户的议案》。为满足公司及下属子公司的业务发展需求，提高募集资金 的使用效率，公司同意增加全资子公司湖南安克电子科技有限公司（以下简称"安 克电子"）为"补充流动资金"项目的实施主体，并授权公司管理层新增开立相 应的募集资金专项账户、签署募集资金监管协议及办理其他相关事项。 本次增加的募集资金投资项目实施主体为公司全资子公司，不涉 ...

| 证券代码：300866 | 证券简称：安克创新 | 公告编号：2025-074 | | --- | --- | --- | | 债券代码：123257 | 债券简称：安克转债 | | 安克创新科技股份有限公司 关于使用自有资金、外汇等方式支付募投项目款项并以募集资 金等额置换的公告 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 7 月 16 日召开 第四届董事会第一次会议，审议通过《关于使用自有资金、外汇等方式支付募投 项目款项并以募集资金等额置换的议案》，同意公司及子公司在募集资金投资项 目（以下简称"募投项目"）实施期间根据实际情况使用自有资金、外汇等方式 支付募投项目所需部分资金，并以募集资金等额置换。 现将具体情况公告如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意安克创新科技股份有限公司向不特定 对象发行可转换公司债券注册的批复》（证监许可〔2025〕166 号）同意，公司 向不特定对象发行面值总额 110,482.00 万元可转换公司债券，期限 6 年，每张面 值为 ...

| 证券代码：300866 | 证券简称：安克创新 | 公告编号：2025-072 | | --- | --- | --- | | 债券代码：123257 | 债券简称：安克转债 | | 安克创新科技股份有限公司 第四届董事会第一次会议决议公告 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。 一、董事会会议召开情况 安克创新科技股份有限公司（以下简称"公司"）第四届董事会第一次会 议经全体董事一致同意豁免会议通知期限要求，现场及通讯发出会议通知，于 2025 年 7 月 16 日（星期三）在深圳市南山区沙河西路健兴科技大厦 B 座 4 楼 会议室以现场结合通讯的方式召开。本次会议应出席董事 9 人，实际出席董事 9 人。 本次会议的出席人数、召集、召开程序和审议内容均符合《中华人民共和 国公司法》等有关法律、法规、规范性文件及《公司章程》的有关规定，会议 合法有效。 二、董事会会议审议情况 与会董事对本次会议需审议的议案进行了充分讨论，通过以下议案： （一）审议通过《关于选举公司第四届董事会董事长的议案》 根据《公司法》及《公司章程》等的有关规定，经与会董事审 ...

中国国际金融股份有限公司 关于安克创新科技股份有限公司 部分募投项目增加实施主体及开立募集资金专户的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为安克创 新科技股份有限公司（以下简称"安克创新"或"公司"）的保荐机构，根据《证券发 行上市保荐业务管理办法》《上市公司募集资金监管规则》《深圳证券交易所创业板股 票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范 运作》等有关法律、行政法规、部门规章及业务规则的要求，对安克创新部分募投项目 增加实施主体及开立募集资金专户的事项进行了认真、审慎核查，具体情况如下： 单位：万元 | | | | 1 | 便携及户用储能产品研发及产业化项目 | 24,804.61 | 20,104.00 | | --- | --- | --- | --- | | 2 | 新一代智能硬件产品研发及产业化项目 | 27,055.08 | 20,554.00 | | 3 | 仓储智能化升级项目 | 14,699.00 | 13,998.00 | | 4 | 全链路数字化运营中心项目 | 23,827.08 | 22,726.00 | ...

| 证券代码：300866 | 证券简称：安克创新 | 公告编号：2025-073 | | --- | --- | --- | | 债券代码：123257 | 债券简称：安克转债 | | 安克创新科技股份有限公司 关于董事会完成换届选举、聘任高级管理人员、证券事务代表 及由财务负责人代行董事会秘书职责的公告 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 6 月 30日召开 职工代表大会选举公司第四届董事会职工代表董事；于 2025 年 7 月 16 日召开 2025 年第二次临时股东大会，审议通过《关于换届选举第四届董事会非独立董 事的议案》《关于换届选举第四届董事会独立董事的议案》，选举产生公司第 四届董事会非职工代表董事，并与职工代表董事共同组成公司第四届董事会， 完成董事会换届选举。 2025 年 7 月 16 日，公司召开第四届董事会第一次会议，审议通过了《关于 选举公司第四届董事会董事长的议案》《关于选举公司第四届董事会各专门委 员会委员的议案》《关于聘任公司总经理的议案》《关于聘任公司 ...

中国国际金融股份有限公司 关于安克创新科技股份有限公司 使用自有资金、外汇等方式支付募投项目款项并以募集资金等额 置换的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为安克创 新科技股份有限公司（以下简称"安克创新"或"公司"）的保荐机构，根据《证券发 行上市保荐业务管理办法》《上市公司募集资金监管规则》《深圳证券交易所创业板股 票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范 运作》等有关法律、行政法规、部门规章及业务规则的要求，对安克创新使用自有资金、 外汇等方式支付募投项目款项并以募集资金等额置换事项进行了认真、审慎核查，具体 情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意安克创新科技股份有限公司向不特定对象发 行可转换公司债券注册的批复》（证监许可〔2025〕166号）同意，公司向不特定对象 发行面值总额110,482.00万元可转换公司债券，期限6年，每张面值为人民币100元，发 行数量11,048,200张，募集资金总额为人民币110,482.00万元。扣除发行费用（不含税） 后，本次募集资金净额共计人民币109,2 ...