Anker Innovations(SZ:300866) Soochow Securities·2025-07-08 13:35Investment Rating - The investment rating for Anker Innovation is "Buy" (maintained) [1] Core Views - The crowdfunding campaign for the 3D texture UV printer E1 has achieved a record-breaking amount of $46.76 million, marking the highest crowdfunding amount in Kickstarter's history across all categories [7] - The E1 printer is expected to create a new growth curve for the company, with significant development potential following its successful crowdfunding [7] - The company has demonstrated responsibility by recalling power banks in response to potential risks associated with battery suppliers, which may impact short-term profits but is seen as beneficial for long-term brand value [7] - Revenue forecasts have been adjusted upwards due to the strong performance of the 3D printer, while short-term profit expectations have been lowered due to the recall and potential inventory impairments [7] Financial Projections - Total revenue is projected to grow from 17,507 million RMB in 2023 to 52,128 million RMB by 2027, with a compound annual growth rate (CAGR) of 24.13% [1] - Net profit attributable to the parent company is expected to increase from 1,615 million RMB in 2023 to 4,217 million RMB in 2027, reflecting a CAGR of 25.85% [1] - The latest diluted EPS is forecasted to rise from 3.04 RMB in 2023 to 7.93 RMB in 2027 [1] Market Data - The closing price of Anker Innovation is 115.70 RMB, with a market capitalization of approximately 61,498.97 million RMB [5] - The company has a price-to-earnings (P/E) ratio of 38.08 based on the current price and latest diluted EPS [1] Financial Ratios - The company’s asset-liability ratio stands at 44.66% [6] - The projected gross margin is around 43.92% by 2027 [8] - The return on equity (ROE) is expected to reach 28.16% by 2027 [8]