Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown significant growth in Q3 2024, with revenue reaching 68.0 billion yuan, a year-on-year increase of 44.1%, and net profit attributable to shareholders at 5.99 billion yuan, up 52.4% [1] - The report highlights the continuous high growth across all product categories driven by channel deepening, with an upward revision of profit forecasts for 2024-2026 [1] - The long-term growth potential is supported by brand strength and improved channel coverage, particularly in the energy storage and security sectors [1][2] Financial Performance Summary - For Q1-Q3 2024, the company reported revenue of 164.49 billion yuan, a 39.6% increase year-on-year, and a net profit of 14.72 billion yuan, up 21.3% [1] - The gross margin for Q3 2024 was 42.99%, showing a slight decline compared to previous quarters, attributed to rising shipping costs and currency fluctuations [3] - The company expects net profits for 2024-2026 to be 20.42 billion yuan, 24.24 billion yuan, and 29.13 billion yuan respectively, with corresponding EPS of 3.84 yuan, 4.56 yuan, and 5.48 yuan [1][4] Channel Performance Summary - Online and offline channel revenues for Q1-Q3 2024 were 114.97 billion yuan and 49.52 billion yuan, respectively, with year-on-year growth of 41.7% and 34.82% [2] - In Q3 2024, online and offline channel revenues grew by 46.51% and 38.61% year-on-year, with independent site revenue doubling [2] Product Category Insights - Key product categories such as charging storage, smart security, and smart home continue to show strong growth, particularly with new products launched for iPhone 15 [2] - The report emphasizes the potential for growth in energy storage and smart security markets, especially in overseas markets [2]

Investment Rating - The investment rating for the company is "Buy" [5] - The target price is set at 103.68 CNY, up from the previous forecast of 82.84 CNY [5] Core Insights - The company's Q3 net profit grew by 52%, indicating strong brand momentum and growth potential, with expectations for continued high growth trends into the overseas consumption peak season in November and December [3] - The company reported a revenue of 164.5 billion CNY for the first three quarters, a year-on-year increase of 39.6%, and a net profit attributable to shareholders of 14.72 billion CNY, up 21.3% [10] - The Q3 revenue reached 68 billion CNY, reflecting a 44.1% increase, while the net profit attributable to shareholders was 5.99 billion CNY, marking a 52.4% growth [10] Financial Performance Summary - For the first three quarters, the company achieved a gross margin of 44.3%, an increase of 0.98 percentage points year-on-year, and a net profit margin of 7.92%, up 0.09 percentage points [10] - The operating cash flow for the first three quarters was 16.5 billion CNY, a significant increase of 78.1%, with Q3 alone showing a 155% increase to 8.1 billion CNY [10] - The company’s revenue growth rates for Q1 to Q3 were 30.1%, 42.4%, and 44.1% respectively, with net profit growth rates of 11.6%, 9.2%, and 52.4% [10] Market Position and Outlook - The company is positioned as a leader in the domestic cross-border e-commerce sector, with strong performance in overseas markets, particularly in online sales [10] - The company is expected to maintain strong performance in Q4, which is projected to account for 32.7% of annual revenue and 31.3% of annual net profit [10] - New product launches in the charging and storage sectors, as well as innovations in smart technology, are anticipated to contribute to long-term growth [10]

Investment Rating - The report maintains a "Strong Buy" rating for Anker Innovations (300866) with a target price of 95 CNY, compared to the current price of 83.91 CNY [1]. Core Insights - The company reported a revenue of 16.45 billion CNY for the first three quarters of 2024, representing a year-on-year growth of 39.6%. In Q3 alone, revenue reached 6.8 billion CNY, up 44.1% year-on-year, with net profit attributable to shareholders at 600 million CNY, a 52.4% increase [1]. - The growth momentum is strong, driven by robust overseas online demand and an increase in independent site sales. The online revenue growth accelerated from 38.5% in H1 2024 to 41.7% in Q1-Q3 2024 [1]. - The company’s profitability remains stable, with a net profit margin of 8.8% and a non-recurring net profit margin of 7.9% in Q3 2024. The gross margin was 43.0%, slightly down by 0.5 percentage points year-on-year [1]. - The report highlights that the company is well-positioned for continued growth, with strong performance expected during the upcoming sales seasons, including Black Friday and Cyber Monday [1]. Financial Summary - For 2023, the main revenue is projected at 17.51 billion CNY, with a year-on-year growth rate of 22.9%. By 2024, revenue is expected to reach 23.88 billion CNY, reflecting a growth rate of 36.4% [2]. - The net profit attributable to shareholders is forecasted to be 1.62 billion CNY in 2023, increasing to 2.11 billion CNY in 2024, which corresponds to a growth rate of 30.5% [2]. - The earnings per share (EPS) is estimated to be 3.04 CNY for 2023, rising to 3.97 CNY in 2024, with a corresponding price-to-earnings (P/E) ratio of 21 [2].

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][10] Core Views - The company has shown strong performance in Q3 2024, with a 52% year-on-year growth in net profit attributable to shareholders and a 39.56% increase in revenue for the first three quarters [1][5] - The company is benefiting from the growth in overseas e-commerce demand and is actively expanding its product categories and market reach [1][9] Financial Performance Summary - For the first three quarters of 2024, the company reported revenue of 16.449 billion yuan, up 39.56% year-on-year, and a net profit of 1.472 billion yuan, up 21.29% year-on-year [1][5] - In Q3 alone, revenue reached 6.8 billion yuan, reflecting a 44.05% increase year-on-year, while net profit was 599 million yuan, marking a 52.44% increase [1][5] - The gross margin for Q3 2024 was 42.99%, slightly down by 0.47 percentage points year-on-year, with a sales expense ratio of 22% [7][9] Channel Performance Summary - Online channel revenue for the first three quarters was 11.497 billion yuan, up 41.7% year-on-year, while offline channel revenue was 4.952 billion yuan, up 34.82% [1][5] - The independent station channel performed exceptionally well, generating 1.646 billion yuan in revenue, a 104.52% increase year-on-year, accounting for 10% of total revenue [1][5] Profitability and Cash Flow Summary - The company achieved a net operating cash flow of 1.651 billion yuan in the first three quarters, a significant increase of 78.06% year-on-year [7][9] - The inventory turnover days increased slightly to 95.87 days, up by 4.13 days year-on-year, indicating effective inventory management [7][9] Earnings Forecast - The net profit forecasts for 2024-2026 have been revised upwards to 2.091 billion, 2.608 billion, and 3.134 billion yuan respectively, with corresponding PE ratios of 21.3, 17.1, and 14.2 times [10][11]

证券代码：300866 证券简称：安克创新 公告编号：2024-083 安克创新科技股份有限公司 公司于 2024 年 6 月 27 日召开第三届董事会第二十一次会议与第三届监事会第 十九次会议，审议通过了《关于 2023 年限制性股票激励计划首次授予部分第一个归 1 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 2024 年 10 月 28 日召开第 三届董事会第二十五次会议，审议通过了《关于修订<公司章程>并办理工商变更登 记的议案》。因限制性股票归属事项导致公司股本发生变化，以及为进一步完善公 司治理，促进公司规范运作，公司拟对《公司章程》相关条款进行修订，并提请公 司股东大会授权董事会及其指定人员负责办理后续工商登记备案等相关事宜。 一、公司总股本变动情况 1、2022 年限制性股票激励计划首次授予部分第二个归属期归属工作完成 公司于 2024 年 6 月 27 日召开第三届董事会第二十一次会议与第三届监事会第 十九次会议，审议通过了《关于 2022 年限制性股票激励计划首次授予部分第二个归 属期归属条 ...

安克创新科技股份有限公司 章 程 二〇二四年十月 | | | | 第一章 | 总 | 则 3 | | --- | --- | --- | | 第二章 | | 经营宗旨和范围 4 | | 第三章 | 股 | 份 4 | | 第一节 | | 股份发行 4 | | 第二节 | | 股份增减和回购 5 | | 第三节 | | 股份转让 6 | | 第四章 | | 股东和股东大会 7 | | 第一节 | | 股东 7 | | 第二节 | | 股东大会的一般规定 9 | | 第三节 | | 股东大会的召集 13 | | 第四节 | | 股东大会的提案与通知 14 | | 第五节 | | 股东大会的召开 16 | | 第六节 | | 股东大会的表决和决议 18 | | 第五章 | | 董事会 22 | | 第一节 | | 董事 22 | | 第二节 | | 董事会 25 | | 第六章 | | 总经理及其他高级管理人员 30 | | 第七章 | | 监事会 32 | | 第一节 | | 监事 32 | | 第二节 | | 监事会 33 | | 第八章 | | 财务会计制度、利润分配和审计 34 | | 第一节 | | 财务 ...

Financial Performance - Revenue for the third quarter reached 6.8 billion yuan, a year-on-year increase of 44.05%[2] - Net profit attributable to shareholders of the listed company was 599.44 million yuan, up 52.44% year-on-year[2] - Revenue increased by 39.56% to 16,448,654,845.50 RMB, driven by market expansion and new product launches[6] - Revenue for the first three quarters of 2024 reached 16.449 billion yuan, a year-on-year increase of 39.56%[12] - Net profit attributable to the parent company for the first three quarters of 2024 was 1.472 billion yuan, up 21.29% year-on-year[12] - Revenue for the third quarter of 2024 was 6.8 billion yuan, a year-on-year increase of 44.05%[13] - Net profit attributable to the parent company for the third quarter of 2024 was 599 million yuan, up 52.44% year-on-year[13] - Total revenue for the first three quarters of 2024 reached RMB 16.45 billion, a 39.6% increase compared to RMB 11.79 billion in the same period last year[24] - Net profit attributable to the parent company's shareholders was RMB 1.47 billion, up 21.3% year-over-year from RMB 1.21 billion[26] - Basic earnings per share (EPS) stood at RMB 2.78, slightly lower than RMB 2.99 in the same period last year[27] - The company's gross profit margin improved to 39.9%, up from 38.7% in the previous year[25] Assets and Liabilities - Total assets as of the end of the reporting period were 16.12 billion yuan, an increase of 26.17% compared to the end of the previous year[2] - Inventory increased by 69.94% to 4.1 billion yuan due to active stockpiling for platform promotional activities[5] - Accounts payable surged by 121.14% to 2.56 billion yuan, driven by increased inventory preparation[5] - Short-term borrowings rose by 47.84% to 398.83 million yuan due to new bank loans[5] - Deferred tax assets grew by 34.92% to 496.44 million yuan, mainly due to seasonal fluctuations in inventory[5] - Other receivables increased by 125.47% to 212.97 million yuan, primarily due to cross-period settlements of foreign exchange hedging[5] - Long-term employee benefits payable rose by 78.23% to 503.93 million yuan, driven by increased long-term bonus amounts[5] - The company's total assets increased to 16,120,076,978.00 yuan as of September 30, 2024, up from 12,776,701,177.48 yuan at the beginning of the period[22] - Current assets totaled 12,273,055,345.91 yuan, with inventory increasing to 4,097,882,411.79 yuan from 2,411,311,030.09 yuan[22] - Non-current assets reached 3,847,021,632.09 yuan, including 1,279,982,197.96 yuan in other non-current financial assets[23] - Current liabilities included 2,563,581,903.46 yuan in accounts payable and 713,753,341.92 yuan in employee compensation payable[23] - The company's monetary funds increased to 2,258,055,286.02 yuan from 2,065,286,483.05 yuan[22] - Trade receivables grew to 1,700,227,115.02 yuan compared to 1,527,817,539.84 yuan at the beginning of the period[22] - Other receivables increased significantly to 212,970,441.35 yuan from 94,456,598.14 yuan[22] - Deferred tax assets rose to 496,442,763.01 yuan from 367,943,008.43 yuan[23] - Total liabilities increased by 66.8% to RMB 7.70 billion, driven by higher short-term and long-term borrowings[24] - The company's total assets grew by 26.2% to RMB 16.12 billion, with owner's equity reaching RMB 8.42 billion[24] Cash Flow - Net cash flow from operating activities surged by 78.06% to 1,651,200,264.69 RMB, reflecting higher net profit and improved working capital efficiency[7] - Net cash flow from investing activities decreased by 2,958.32% to -795,441,312.84 RMB, primarily due to financial product purchases[7] - Net cash flow from financing activities fell by 94.96% to -832,702,006.14 RMB, mainly due to shareholder dividend payments[7] - Sales of goods and services received cash of 14.19 billion yuan, a significant increase from 9.9 billion yuan in the previous period[28] - Total cash inflow from operating activities reached 15.62 billion yuan, up from 10.63 billion yuan in the previous period[28] - Net cash flow from operating activities was 1.65 billion yuan, compared to 927.32 million yuan in the previous period[28] - Cash received from tax refunds amounted to 762.99 million yuan, up from 613.86 million yuan in the previous period[28] - Cash paid for goods and services was 9.24 billion yuan, an increase from 6.67 billion yuan in the previous period[28] - Net cash flow from investing activities was -795.44 million yuan, compared to -26.01 million yuan in the previous period[29] - Net cash flow from financing activities was -832.7 million yuan, compared to -427.12 million yuan in the previous period[29] - The company's cash and cash equivalents at the end of the period were 1.95 billion yuan, up from 1.43 billion yuan in the previous period[29] R&D and Operating Costs - Operating costs rose by 37.14% to 9,165,921,587.43 RMB, in line with revenue growth[6] - R&D expenses grew by 50.78% to 1,402,206,974.18 RMB, due to increased project investments and personnel costs[6] - R&D expenses increased by 50.8% to RMB 1.40 billion, accounting for 8.5% of total revenue[25] - Sales expenses rose by 39.9% to RMB 3.61 billion, reflecting the company's continued investment in market expansion[25] Investment and Shareholder Information - The company's investment income increased by 201.30% to 143,464,753.74 RMB, driven by financial product returns and equity investments[6] - Yang Meng holds 43.78% of the company's shares, making him the largest shareholder[9] - Hong Kong Securities Clearing Company Limited holds 9.17% of the shares, ranking third among shareholders[9] - The top 10 shareholders collectively hold a significant portion of the company's equity, with the top 5 holding over 70%[9] - Investment income surged by 201.3% to RMB 143.46 million, driven by gains from equity investments[25] Product Launches - Anker Prime series products were launched in August 2024, featuring 250W output performance and a 2.26-inch multifunctional information screen[14] - Anker SOLIX C300 DC series was launched in August 2024, with a total capacity of 90,000mAh and 7 interfaces[14] - eufyCam S3 Pro was launched in September 2024, featuring 4K camera and MaxColor Vision™ technology[15] Incentive Plans and Share Grants - The company granted 4,201,903 shares of restricted stock to 305 incentive recipients, with Director Zhu Fanghao receiving 954,300 shares[21] - The restricted stock grant price for the 2024 incentive plan was adjusted from 40.62 yuan/share to 40.02 yuan/share[21] Miscellaneous - The company's third-quarter report was unaudited[30]

证券代码：300866 证券简称：安克创新 公告编号：2024-085 安克创新科技股份有限公司 关于拟购买董监高责任险的公告 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"或"安克创新"）于 2024 年 10 月 28 日召开第三届董事会第二十五次会议、第三届监事会第二十三次会议 审议了《关于拟购买董监高责任险的议案》。为进一步完善公司风险管理体系， 降低公司运营风险，促进公司董事、监事及高级管理人员在其职责范围内更充分 地行使权力、履行职责，保障投资者的权益，根据《上市公司治理准则》等相关 规定，公司拟为公司及控股子公司、全体董事、监事、高级管理人员以及相关负 责人购买责任保险。公司全体董事、监事在审议本事项时履行了回避义务未参与 表决，本议案将直接提交公司 2024 年第四次临时股东大会审议。现将相关事项 公告如下： 一、董监高责任保险方案 1、投保人：安克创新科技股份有限公司； 2、被投保人：公司及控股子公司、全体董事、监事、高级管理人员以及相 关负责人（具体以保险合同为准）； 3、赔偿限额：不超过人民币 ...

证券代码：300866 证券简称：安克创新 公告编号：2024-086 安克创新科技股份有限公司 （2）网络投票： 公司将通过深圳证券交易所证券交易系统和互联网投票系统向全体股东提 供网络形式的投票平台，流通股股东可以在网络投票时间内通过上述系统进行投 票。 （1）现场会议：2024 年 11 月 21 日（星期四）下午 15:00 通过深圳证券交易所系统进行网络投票的具体时间为 2024 年 11 月 21 日上 午 9:15-9:25，9:30-11:30，下午 13:00-15:00； 3、会议召开的合法、合规性：经公司第三届董事会第二十五次会议审议通 过，决定召开公司 2024 年第四次临时股东大会。本次会议召集程序符合《深圳 证券交易所创业板股票上市规则》等相关法律法规和《公司章程》的规定。 4、会议召开时间： 1、股东大会届次：2024 年第四次临时股东大会。 2、股东大会的召集人：公司董事会。 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 2024 年 10 月 28 日召 开第三届董事会第二十五 ...

证券代码：300866 证券简称：安克创新 公告编号：2024-080 安克创新科技股份有限公司 第三届董事会第二十五次会议决议公告 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"）第三届董事会第二十五 次会议于 2024 年 10 月 28 日（星期一）在长沙高新开发区尖山路 39 号长沙中 电软件园有限公司一期七栋 7 楼 701 室以现场结合通讯的方式召开。会议通知 已于 2024 年 10 月 23 日通过邮件或电话的方式送达各位董事。本次会议应出席 董事 9 人，实际出席董事 9 人。 表决结果：9 票同意，0 票反对，0 票弃权。本议案已事先经公司第三届审 计委员会第十四次会议审议通过。 （二）关于修订《公司章程》并办理工商变更登记的议案 因限制性股票归属事项导致公司股本发生变化，以及为进一步完善公司治 1 理，促进公司规范运作，公司拟对《公司章程》相关条款进行修订，并提请股 东大会授权董事会及其指定人员负责办理后续工商登记备案等相关事宜。 具体内容详见公司披露于巨潮资讯网（www ...