New stock news | Anker Innovations Technology (300866.SZ) files for listing on the Hong Kong Stock Exchange, firmly holding the second place in the global field of mobile charging products.

According to the disclosure by the Hong Kong Stock Exchange on December 2, Anker Innovations Technology Co., Ltd. (hereinafter referred to as Anker Innovations Technology (300866.SZ)) submitted its application to the Hong Kong Stock Exchange Main Board, with CICC, Goldman Sachs, and J.P. Morgan as its joint sponsors. According to the prospectus, Anker Innovations Technology is the creator of innovative products in the global smart hardware technology industry, dedicated to providing consumers worldwide with a diverse range of trusted products and ultimate user experience. The company's products cover three main product lines: smart charging and energy storage, smart home and innovation, and smart audio and video, with a wide range including mobile charging, consumer-level energy storage, smart security, smart cleaning, creative printing, smart audio, and smart projection, among others. According to the prospectus, Anker Innovations Technology uses the Anker brand as a starting point to continuously expand its product portfolio in the areas of smart charging and energy storage, smart home and innovation, and smart audio and video. The company currently operates three global brands: Anker, Eufy, and Soundcore, as well as two core sub-brands: Anker SOLIX and EufyMake. Through these brands, the company provides innovative and trusted products to users worldwide, empowering a more intelligent lifestyle. The company holds leading market shares in several major segments such as mobile charging, energy storage, smart home security, and wireless headphones worldwide. Specifically, according to Frost & Sullivan data, in terms of retail sales, starting from 2020, the company has maintained the position as the second-largest global player in the mobile charging product market and is also the largest independent mobile charging brand globally and in North America. By 2024, the company's market share in the global mobile charging product market, based on retail sales, is 5.0%. Under the drive of its globalization strategy, the company continues to expand its business footprint, with products selling in over 180 countries and regions worldwide. While maintaining a leading position in core markets such as North America and Europe, the company not only consolidates mature markets but also achieves rapid growth in emerging markets. As of September 30, 2025, the company has accumulated over 200 million users globally. Financial Information Revenue During the preceding periods, the company generated revenue mainly from the sales of the following products and services: (i) smart charging and energy storage, (ii) smart home and innovation, (iii) smart audio and video, and (iv) others. The company recorded revenues of approximately RMB 14.251 billion, RMB 17.507 billion, RMB 24.710 billion, and RMB 21.019 billion for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively. Net Profit The company incurred losses of approximately RMB 1.18 billion, RMB 1.694 billion, RMB 2.211 billion, and RMB 1.969 billion for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively. Gross Profit and Gross Margin In 2022, 2023, 2024, and the nine months ending September 30, 2025, the company recorded gross profits of RMB 5.403 billion, RMB 7.480 billion, RMB 10.645 billion, RMB 7.115 billion, and RMB 9.102 billion, respectively. The gross margin... Industry Overview Smart hardware typically refers to hardware products that integrate sensors, chips, operating systems, and network communication modules on traditional hardware. Typical products include smartphones and accessories, personal computers and accessories, smart home devices, smart audiovisual devices, etc. The global smart hardware technology market was approximately $1.2 trillion in 2024. Based on market size and consumer demand characteristics, the smart hardware technology market can be divided into small and medium-sized markets (also known as shallow markets) and large markets. Large markets in smart hardware technology cover categories such as smartphones, personal computers, and smart TVs, with market sizes generally exceeding $80 billion. Consumer demand in these markets is relatively mature. Overall, these large markets are in the stage of mature development, mostly dominated by products such as smartphones, laptops, and televisions. The market is led by giant enterprises, forming a relatively stable market structure. At the same time, product updates and iteration cycles are often relatively long. Small and medium-sized markets refer to markets with sizes below $80 billion, which are generally underdeveloped and have relatively high growth potential. These small and medium-sized markets are characterized by diverse product categories, with relatively small market sizes for each segment. Many of these sub-markets are still in their early or high-growth stages, with potential for rapid expansion. The speed of product innovation and iteration is faster, and there are more diverse ways to create value. The competition structure is generally decentralized, with emerging participants frequently entering the market, creating continuous development opportunities. The total market size of these markets was approximately $340 billion in 2024. The global market size of mobile charging products in 2024 reached RMB 215.5 billion, with a year-on-year growth rate of 11.8% from 2020 to 2024. The market size of power banks reached RMB 152.6 billion in 2024, with a year-on-year growth rate of 11.7% from 2020 to 2024. This growth is mainly due to the increasing demand from consumers for portable and high-capacity charging solutions, the frequent upgrading of smartphones and wearable devices, and the deepening reliance on mobile devices in work, entertainment, and travel. Benefiting from the increasing popularity of fast charging technology and multi-device ecosystems, the market size of chargers and accessories reached RMB 62.9 billion in 2024. Looking ahead, the global mobile charging market is expected to maintain strong growth, with the market size reaching RMB 346.7 billion by 2029, with a year-on-year growth rate of 10.0% from 2024 to 2029. The growth rate of power banks is expected to surpass that of chargers and accessories, mainly due to the growth in consumer demand, improvement in power bank performance, and enhanced portability. Board of Directors and Management Information The board of directors consists of nine members, including four executive directors, two non-executive directors, and three independent non-executive directors. The term of office for directors is three years and can be re-elected. According to Chinese laws and regulations, the term of office for independent non-executive directors shall not exceed six years. Shareholding Structure Mr. Yang and Ms. He respectively hold 43.40% and 3.64% of the company's shares. Mr. Yang and Ms. He are acting in concert. Therefore, Mr. Yang and Ms. He are the controlling shareholders of the company. Intermediary Team Joint Sponsors: China International Capital Corporation Hong Kong Securities Limited, Goldman Sachs (Asia) LLC, J.P. Morgan Securities (Far East) Limited Compliance Advisor: Huobi Capital Limited Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Legal Counsel: Hong Kong and US laws: Davis Polk & Wardwell; Chinese laws: Hwawin Law Firm; Chinese data compliance laws: Hwawin Law Firm; UAE laws: Winson Partners and Legal Consultants; US laws related to certain business operations: Shanze Partners PLLC; UK laws: Addleshaw Goddard LLP; Japanese laws: TMI Associates; Hong Kong regulatory matters: Lawyer Li Weibin Law Firm Reporting Accountant: KPMG Certified Public Accountants.