Anker Innovations Technology Co.,Ltd. (00668) has initiated its public offering from June 23 to June 26, 2026, with plans to issue 46.63 million H shares globally. The Hong Kong public offering portion accounts for approximately 10% (subject to reallocation), while the international offering portion accounts for approximately 90% (subject to reallocation and potential adjustments based on the over-allotment option). The maximum offer price is set at HK$99.32 per share, with a board lot size of 100 shares. The H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on Thursday, July 2, 2026.
The company is primarily engaged in the design and development of consumer electronics within the global smart hardware technology industry, providing trusted products and user-centric experiences to consumers worldwide. Its product portfolio spans three main categories: smart charging and energy storage, smart home, and smart audio-visual. The product range is extensive, covering areas such as mobile charging, consumer-grade energy storage, smart security, smart cleaning, printing, smart audio, and smart projection. The company operates on a fabless model, focusing mainly on the design and sale of smart devices while outsourcing manufacturing to its production partners.
The company's robust operational execution has also strongly supported its achievement of solid financial performance. During the track record period, both its revenue scale and profitability demonstrated strong growth. Total revenue increased from RMB 17.5 billion in 2023 to RMB 30.5 billion in 2025, representing a compound annual growth rate of 32.0%. Gross profit grew from RMB 7.5 billion in 2023 to RMB 13.4 billion in 2025, achieving a compound annual growth rate of 33.7%. While achieving rapid scale expansion, the company's profitability also strengthened, with its overall gross profit margin rising from 42.7% in 2023 to 43.9% in 2025.
The company has entered into cornerstone investment agreements with Schroders, Aspex, Principal Funds, Greenwoods, HACF, L.P., UBS AM Singapore, Franklin Templeton Sealand Fund Management, Jane Street, Taikang Life Insurance, WT Asset Management, and Value Partners. Under these agreements, the cornerstone investors have agreed, subject to certain conditions, to subscribe for or procure their designated entities to subscribe for shares corresponding to a total investment amount of US$295 million (rounded down to the nearest full board lot of 100 H shares).
Assuming the over-allotment option is not exercised and assuming an offer price of HK$99.32 per share, the company expects to receive net proceeds from the global offering of approximately HK$4.5227 billion. The company intends to allocate these net proceeds for the following purposes, subject to changes based on evolving business needs and market conditions: approximately 20.0% will be allocated to drive product iteration, innovation, and broadening the product portfolio. Approximately 20.0% will be allocated to research & development and talent acquisition, focusing on developing underlying platforms and capabilities to solidify the technological foundation supporting continuous innovation and global expansion. Approximately 15.0% will be allocated to enhance brand influence and deepen customer loyalty. Approximately 20.0% will be allocated to strengthen the company's direct-to-consumer global market strategy. Approximately 20.0% will be allocated to upgrade the supply chain management system to support ongoing global expansion efforts. Approximately 5.0% will be allocated for working capital and general corporate purposes.
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