Group 1 - The company achieved a net profit growth of 31% in 2024, with revenue reaching 24.71 billion yuan, a year-on-year increase of 41.14% [1] - In Q1 2025, the company continued its strong growth trend, with revenue increasing by 36.91% to 5.993 billion yuan and net profit rising by 59.97% to 496 million yuan [1] - Non-recurring gains included investment management income of 35.97 million yuan and fair value changes of 24.21 million yuan [1] Group 2 - The company experienced significant growth across multiple product categories, with charging and energy storage business revenue increasing by 47.23% to 12.7 billion yuan, and energy storage revenue soaring by 184% to 3.02 billion yuan [2] - In Q1, online and offline channel revenues grew by 32.03% and 48.9%, respectively, with independent site revenue increasing by 53.19% to 555 million yuan, accounting for 9.25% of total revenue [2] - The company is enhancing its global supply chain and brand premium to mitigate the impact of trade tariffs [2] Group 3 - The company's gross margin in Q1 2025 was 43.28%, showing a quarter-on-quarter increase of 0.8 percentage points, despite a year-on-year decrease of 1.84 percentage points [3] - The sales expense ratio was 21.53%, down by 0.99 percentage points year-on-year, while management and R&D expense ratios also saw reductions [3] - Operating cash flow showed a net outflow of 288 million yuan due to increased cash payments for goods and services [3]

以下文章来源于出海潜望 ，作者周月明 出海潜望 . 挖掘出海故事，助力企业全球化。来吧！一起去全世界逐浪 出品｜虎嗅商业消费组 安克创新又闷声赚钱了。 4月28日晚，安克创新发出2024年及2025年一季度财报。 数据显示：2024年营收247.1亿元，同比增长41.14%，归母净利润21.14亿元，同比增长30.93%。 2025年一季度，公司营收59.93亿元，同比增长36.91%，归母净利润4.96亿元，同比增长59.57%。 在深圳一众靠供应链出海的科技消费类企业里，从一开始就走中高端品牌路线的安克，一直备受关注。 若翻看其最新财报，或许可以一窥其发展背后的主要策略。 首先，多品类拓展及多领域创新是安克近些年来一直推行的主要策略。 虽然安克被国内消费者熟知，大多是因其充电宝产品，但支撑起安克收入的早已不再只有充电宝品类。 作者｜周月明 编辑｜苗正卿 题图｜安克公司 财报显示，2024年，充电储能业务营收126.67亿元，同比增长约47%，占营收比重约51%。智能创新业务营收63.36亿元，同比增长约39%，占营收比重 约25%。而智能影音板块营收56.92亿元，同比增长约33%，占营收比重约23%。 ...

Core Insights - Anker Innovation has reported strong financial performance for 2024 and Q1 2025, with revenue of 24.71 billion yuan in 2024, a year-on-year increase of 41.14%, and a net profit of 2.114 billion yuan, up 30.93% [1] - In Q1 2025, the company achieved revenue of 5.993 billion yuan, reflecting a 36.91% year-on-year growth, and a net profit of 496 million yuan, which is a significant increase of 59.57% [1] Financial Performance - 2024 revenue reached 24.71 billion yuan, with a 41.14% increase year-on-year [1] - 2024 net profit was 2.114 billion yuan, marking a 30.93% growth [1] - Q1 2025 revenue was 5.993 billion yuan, up 36.91% year-on-year [1] - Q1 2025 net profit was 496 million yuan, a 59.57% increase [1] Business Strategy - Anker has adopted a multi-category expansion and innovation strategy, moving beyond its initial focus on power banks [4][5] - The revenue breakdown for 2024 shows that the energy storage business generated 12.667 billion yuan, accounting for approximately 51% of total revenue, while the smart innovation segment contributed 6.336 billion yuan (25%) and the smart audio segment brought in 5.692 billion yuan (23%) [5] - The company has shifted its focus from a broad range of 27 categories to a more streamlined approach, cutting down 10 categories to enhance operational efficiency [7][9][21] Talent and Innovation - Anker's R&D investment reached 2.108 billion yuan in 2024, a 49% increase, representing 8.53% of total revenue [11] - The company employs 5,034 people, with 53% (2,672) in R&D roles, highlighting a strong emphasis on innovation [11] - Anker's CEO emphasizes the importance of talent retention and organizational structure in driving innovation and growth [10][29] Market Positioning - Anker aims to redefine its brand image beyond being a "power bank company," with power bank revenue now accounting for less than 12% of total revenue [12] - The company focuses on "shallow sea" categories, which are defined as those with annual sales below $50 billion, allowing for efficient resource allocation [13][14] - Anker has established a user base of nearly 10 million mid-to-high-end households in Europe and the U.S., which serves as a foundation for expanding into new product categories [18] Challenges and Future Goals - Anker faces challenges related to U.S. tariffs and macroeconomic policies, but the CEO believes that strong companies will prevail [42] - The company has implemented price adjustments, with an average increase of about 18% on several products sold on Amazon, reflecting a strategic response to rising costs [43] - Anker's long-term goal is to become a company that can sustain success across multiple categories, similar to Procter & Gamble and Texas Instruments [44][45]

Investment Rating - The investment rating for the company is "Buy" [5] Core Insights - The company reported impressive revenue growth, with 2024 revenue reaching 24.71 billion yuan, a year-on-year increase of 41.14%, and a net profit of 2.11 billion yuan, up 30.93% year-on-year [1] - For Q1 2025, the company achieved revenue of 5.99 billion yuan, reflecting a year-on-year growth of 36.91%, and a net profit of 496 million yuan, which is a significant increase of 59.57% year-on-year [1] Revenue Performance by Segment - In 2024, the charging and energy storage segment generated revenue of 12.67 billion yuan, up 47.23% year-on-year, with the energy storage business alone achieving 3.02 billion yuan, a remarkable growth of 184.00% [2] - The smart innovation segment reported revenue of 6.34 billion yuan, increasing by 39.53% year-on-year, while the smart audio segment generated 5.69 billion yuan, up 32.84% year-on-year [2] Revenue Performance by Channel - Online channels contributed 17.60 billion yuan in revenue in 2024, a year-on-year increase of 71.23%, with independent sites achieving 2.50 billion yuan, up 101.34% [2] - Offline channels generated 7.11 billion yuan, reflecting a year-on-year growth of 36.72% [2] Revenue Performance by Region - Domestic revenue reached 885 million yuan in 2024, up 38.71% year-on-year, while overseas revenue was 23.83 billion yuan, increasing by 41.23% year-on-year [3] - For Q1 2025, domestic revenue was 255 million yuan, a growth of 55.44% year-on-year, and overseas revenue was 5.74 billion yuan, up 36.18% year-on-year [3] Profitability and R&D Investment - The company's gross margin for 2024 was 43.67%, a slight increase of 0.14 percentage points year-on-year, while Q1 2025 gross margin was 43.28%, down 1.84 percentage points year-on-year [4] - R&D expenses for 2024 amounted to 2.11 billion yuan, representing a year-on-year increase of 49.13% [4] Future Earnings Forecast - The company is projected to achieve revenues of 31.00 billion yuan and 40.26 billion yuan in 2025 and 2026, respectively, with a new forecast for 2027 revenue at 52.08 billion yuan, reflecting year-on-year growth rates of 25.5%, 29.9%, and 29.4% [11] - Expected net profits for 2025 and 2026 are 2.60 billion yuan and 3.55 billion yuan, respectively, with a new forecast for 2027 net profit at 4.81 billion yuan, indicating year-on-year growth rates of 23.0%, 36.3%, and 35.7% [11]

Investment Rating - The investment rating for the company is "Buy" [5] Core Insights - The company reported impressive revenue growth, with 2024 revenue reaching 24.71 billion yuan, a year-on-year increase of 41.14%, and a net profit of 2.11 billion yuan, up 30.93% year-on-year [1] - In Q1 2025, the company achieved revenue of 5.99 billion yuan, reflecting a year-on-year growth of 36.91%, and a net profit of 0.50 billion yuan, which is a significant increase of 59.57% year-on-year [1] Revenue Performance - In 2024, the charging and energy storage products generated revenue of 12.67 billion yuan, up 47.23% year-on-year, with the energy storage segment alone achieving 3.02 billion yuan, a remarkable growth of 184.00% [2] - The online sales channel in 2024 generated 17.60 billion yuan, a year-on-year increase of 71.23%, with independent sites contributing 2.50 billion yuan, up 101.34% [2] - The company’s domestic revenue in 2024 was 0.88 billion yuan, up 38.71% year-on-year, while overseas revenue reached 23.83 billion yuan, growing by 41.23% year-on-year [3] Profitability and R&D Investment - The gross margin for 2024 was 43.67%, a slight increase of 0.14 percentage points year-on-year, while Q1 2025 gross margin was 43.28%, down 1.84 percentage points year-on-year [4] - The company invested 2.11 billion yuan in R&D in 2024, marking a year-on-year increase of 49.13% [4] Future Earnings Forecast - The company’s projected revenue for 2025 and 2026 is 31.00 billion yuan and 40.26 billion yuan, respectively, with a year-on-year growth of 25.5% and 29.9% [11] - Expected net profit for 2025 and 2026 is 2.60 billion yuan and 3.55 billion yuan, reflecting year-on-year growth of 23.0% and 36.3% [11] - The estimated EPS for 2025 and 2026 is 4.90 yuan and 6.67 yuan, respectively [11]

Core Insights - Anker Innovation reported significant growth in both annual and quarterly performance, with a 41.14% increase in annual revenue to 24.71 billion yuan and a 30.93% rise in net profit to 2.11 billion yuan for 2024 [1] - The company continues to invest heavily in research and development, with R&D spending reaching 2.11 billion yuan, a 49.13% increase year-on-year, reflecting its commitment to technological innovation [1][2] Group 1: Business Performance - In Q1 2025, Anker achieved a revenue of 5.99 billion yuan, marking a 36.91% year-on-year growth, and a net profit of 496 million yuan, which is a 59.57% increase [1] - The company's revenue from the energy storage sector reached 3.02 billion yuan in 2024, showing a remarkable growth of 184% [2] Group 2: Product Innovation - Anker's Prime series charging products and the Anker SOLIX Solarbank2E1600Pro highlight its advancements in fast charging and energy storage solutions [2] - The launch of innovative products such as the eufy FamiLock S3Max smart door lock and the soundcore Sleep A20 sleep headphones demonstrates Anker's focus on smart innovation and user experience [2] Group 3: Strategic Development - Anker plans to accelerate its strategic development in emerging fields such as energy storage, robotics, and AI, aiming to solidify its diversified growth foundation [3] - The company has expanded its global presence, serving over 200 million users across 146 countries, with growth rates exceeding 30% in key markets [3]

Core Viewpoint - Anker Innovations reported strong financial performance for 2024, with significant revenue growth and strategic focus on becoming a diversified global smart hardware technology company [2][4]. Financial Performance - In 2024, Anker Innovations achieved total revenue of 24.71 billion yuan, a year-on-year increase of 41.14%, marking the highest growth rate since its listing [2][11]. - The net profit for 2024 was 2.11 billion yuan, reflecting a year-on-year growth of 30.93% [2]. - For Q1 2025, the revenue reached 5.99 billion yuan, up 36.91% year-on-year, indicating continued strong growth momentum [2]. Business Segments - The company operates in three main categories: charging and energy storage, smart innovation, and smart audio-visual products [5]. - Revenue from charging and energy storage products in 2024 was 12.67 billion yuan, accounting for 51.26% of total revenue, with a growth rate of 47.26% [6][11]. - The smart innovation segment generated 6.34 billion yuan in revenue, representing 25.64% of total revenue, with a year-on-year increase of 39.53% [6][11]. - Smart audio-visual products contributed 5.69 billion yuan, making up 23.04% of total revenue, with a growth of 32.84% [7][11]. R&D and Innovation - Anker Innovations increased its R&D investment by 49.13% in 2024, reaching a historical high, with a workforce of 2,672 in the R&D team [8]. - The company holds a total of 2,237 patents, including 250 invention patents, indicating a strong focus on innovation [8]. - Anker is actively pursuing advancements in emerging fields such as energy storage, robotics, and AI, enhancing its product innovation and user experience [8]. Global Market Presence - In 2024, overseas revenue accounted for 96.42% of total revenue, with a year-on-year growth of 41.23% [9][13]. - Anker's products are sold in over 146 countries and regions, serving more than 200 million users [9]. - The company is expanding its global footprint, with growth rates exceeding 30% in key markets such as Europe, the US, Japan, and potential markets in mainland China [9]. Strategic Initiatives - To address global trade challenges, Anker is focusing on technological innovation and a systematic upgrade of its globalization strategy [14]. - The company aims to optimize its supply chain by enhancing flexibility and exploring new emerging markets to mitigate regional policy risks [14]. - Anker is committed to creating value for users through innovative products and services, thereby strengthening its competitive advantage in high-value sectors [14].

安克创新科技股份有限公司 2024年度非经营性资金占用及其他关联资金 往来情况的专项说明 关于安克创新科技股份有限公司 2024 年度非经营性资金占用及其他关联资金往来情况的专项说明 毕马威华振专字第 2503281 号 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 安克创新科技股份有限公司董事会： 我们接受委托，按照中国注册会计师审计准则审计了安克创新科技股份有限公司（以下简 称"安克创新"）2024 年度的财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表， ...

安克创新科技股份有限公司 2024 年度内部控制审计报告 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 内部控制审计报告 毕马威华振审字第 2516172 号 安克创新科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了安克 创新科技股份有限公司（以下简称"贵公司"）2024 年 12 月 31 日的财务报告内部控制的有 效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指 ...

安克创新科技股份有限公司 自 2024 年 1 月 1 日 至 2024 年 12 月 31 日止年度财务报表 财务报告 一、 审计报告 | 审计意见类型 | 标准无保留意见 | | --- | --- | | 审计报告签署日期 | 2025 年 4 月 27 日 | | 审计机构名称 | 毕马威华振会计师事务所（特殊普通合伙） | | 审计报告文号 | 毕马威华振审字第 2516021 号 | | 注册会计师姓名 | 张楠、郑紫云 | 审计报告正文 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg. ...