投资要点 收入稳健25Q1-3 同增28%，扣非利润受资产减值等因素拖累1）25Q1-3：收入210 亿（+28%，以下均为 同比），归母净利19.33 亿（+31%），扣非净利14.8 亿（+14%）； 2）25 单Q3：收入81.5 亿（+20%），归母净利7.66 亿（+28%），扣非净利5.21亿（-3%）。其中 2025Q3 公允价值变动收益2.33 亿元，24Q3 为-0.3 亿元；资产减值损失-0.5 亿元，24Q3 为0.1 亿元；投 资收益0.6 亿元。 汇率及运费波动、产品推新速度不及预期、行业竞争加剧等 坚定创新研发投入，25Q3 三大品类均有新品推出1） 充电储能：小充，9 月于IFA 展会推出新一代 Anker Prime 系列，迄今为止最先进的多设备充电产品家族，整合升级Anker Nano、此外推出Anker × 《黑神话：悟空》联名系列产品。储能，IFA 展会上发布新一代家庭能源系统，支持多台阳台光储系统 并联，可实现14.4kW 光伏输入、4.8kW 交流输出功率及64.5kWh 储能容量，满足全屋日常用电需求；9 月，全球首款搭载手势控制的智能充电桩正式登陆欧洲，亦在北美发 ...

Core Insights - Anku Energy has recently completed an A+ round of financing, with participation from Kunyu Investment and Shanghai Jiliu Investment, following a previous A round where it received over 100 million yuan from Xiaomi Group [2][2][2] Company Overview - Anku Energy was established on July 17, 2019, with a registered capital of 18.482 million yuan, focusing on emerging energy technology research and development, as well as manufacturing of power distribution switch control equipment [2][2][2] - The company directly competes with Tesla Energy and specializes in intelligent power response, with current hardware products centered on household energy storage and portable energy storage devices [2][2][2] Product Highlights - Anku Energy's products are noted for their outstanding design and high usability, having won several international awards including the Red Dot, IF, and Golden Design Awards, and are sold in multiple countries including the USA, Germany, Austria, and France [2][2][2] Leadership and Team - The founder of Anku Energy, Yuan Wei, was previously the founder, general manager, and chairman of the first listed energy storage company, Pylon Technologies [2][2][2] - The core team of Anku Energy comprises members from well-known companies such as ZTE, Pylon Technologies, Chint Electric, and Alcatel [2][2][2]