Core Viewpoint - Anker Innovations is embarking on a new journey with its "A+H" dual capital platform, having submitted its main board listing application to the Hong Kong Stock Exchange, with major underwriters including China International Capital Corporation, Goldman Sachs, and JPMorgan Chase [1] Group 1: Company Overview - Anker Innovations, founded in 2011 and headquartered in Changsha, China, has become a creator of innovative products in the global smart hardware technology industry, with a product range covering smart charging and energy storage, smart home, and innovative audio-visual products [2] - The company’s product matrix includes mobile charging, consumer-grade energy storage, smart security, smart cleaning, creative printing, smart audio, and smart projection, catering to personal, home, and outdoor scenarios [2] Group 2: Business Segments and Financial Performance - The smart charging and energy storage business is projected to account for 51.3% of revenue in 2024, with products like the SOLIX F3800 Plus portable power station and Solarbank 3 E2700 Pro balcony photovoltaic storage device [3] - Revenue from the smart home and innovative business reached 5.5 billion RMB in the first nine months of 2025, a year-on-year increase of 36.2%, driven by popular products under the eufy brand [3] - The smart audio-visual business, led by brands soundcore and Nebula, achieved 4.6 billion RMB in revenue in the first nine months of 2025, reflecting a 20.2% year-on-year growth [3] Group 3: Market Presence and Sales Channels - As of September 30, 2025, Anker Innovations has sold products to over 180 countries and regions, serving more than 200 million users, with over 96% of revenue coming from overseas markets [5] - North America contributed 45.2% of revenue, while Europe’s market share increased to 26.9% in the first three quarters of 2025 [5] - The company collaborates with leading e-commerce platforms like Amazon and JD.com, with online sales accounting for 71.2% of revenue in 2024 [5] Group 4: Competitive Advantages and Industry Outlook - Anker Innovations has established competitive barriers through technological innovation, global layout, and brand accumulation, with a focus on core technology research and development [7] - The company has 2,747 global authorized patents and a compound annual growth rate of 39.7% in R&D expenses from 2022 to 2024, with a R&D expense ratio of 9.3% in the first nine months of 2025 [7] - The global smart hardware market is projected to reach approximately $1.2 trillion in 2024, with a compound annual growth rate of 5.9% from 2024 to 2029, and the "shallow sea market" segment, which Anker focuses on, is expected to grow at a rate of 11.5% [9][11] Group 5: Financial Growth and Shareholder Returns - From 2022 to 2024, the company's revenue grew from 14.25 billion RMB to 24.71 billion RMB, with a compound annual growth rate of 31.7%, and net profit increased from 1.19 billion RMB to 2.21 billion RMB, reflecting a 42.9% growth rate [13] - The company maintained a stable gross margin of 43.3% in the first nine months of 2025, with a dividend payout ratio increasing from 42.7% in 2022 to 52.8% in 2024 [13] Group 6: Future Plans and Funding - The net proceeds from the Hong Kong listing will primarily be used for product iteration and innovation, R&D and talent acquisition, brand and user operations, global direct sales channel development, supply chain upgrades, and working capital [15] - The focus will be on optimizing core product lines in smart charging, smart home, and smart audio-visual sectors, while also developing emerging product categories [15]

Core Viewpoint - Anker Innovations Technology Co., Ltd. is embarking on a new journey with its "A+H" dual capital platform, having submitted its main board listing application to the Hong Kong Stock Exchange [1] Group 1: Company Overview - Founded in 2011 and headquartered in Changsha, China, Anker Innovations has become a creator of innovative products in the global smart hardware technology industry [2] - The company has three main product lines: smart charging and energy storage, smart home, and innovative audio-visual products, covering a wide range of applications from personal consumption to outdoor use [2] Group 2: Financial Performance - The smart charging and energy storage business is projected to account for 51.3% of revenue in 2024, with products like the SOLIX F3800 Plus portable power station and Solarbank 3 E2700 Pro solar storage device [3] - For the first nine months of 2025, revenue from the smart home and innovative business reached 5.5 billion RMB, a year-on-year increase of 36.2% [3] - The smart audio-visual business generated 4.6 billion RMB in revenue during the same period, reflecting a 20.2% year-on-year growth [3] - From 2022 to 2024, the company's revenue is expected to grow from 14.25 billion RMB to 24.71 billion RMB, with a compound annual growth rate (CAGR) of 31.7% [14] Group 3: Market Presence - Anker's products are sold in over 180 countries, serving more than 200 million users, with over 96% of revenue coming from international markets [5] - North America contributed 45.2% of revenue, while Europe accounted for 26.9% in the first three quarters of 2025 [5] Group 4: Competitive Advantages - The company has established a competitive barrier through technological innovation, global layout, and brand accumulation, holding 2,747 global patents as of September 30, 2025 [7] - Anker operates under a "no factory model," focusing on research, design, and brand operation, with its mobile charging products ranked second globally and first among independent brands [7] Group 5: Industry Outlook - The global smart hardware market is projected to reach approximately $1.2 trillion in 2024, with a CAGR of 5.9% from 2024 to 2029 [10] - The "shallow sea market" that Anker focuses on is expected to grow to $340 billion by 2024, with a CAGR of 11.5% [10] Group 6: Future Plans - The net proceeds from the Hong Kong listing will primarily be used for product iteration and innovation, research and talent acquisition, brand and user operations, global direct sales channel development, and supply chain upgrades [16] - The company aims to enhance its global layout and strengthen its market position in the face of rapid technological advancements and competition [16]