Anker Innovations Technology Co.,Ltd. (Stock Code: 300866) has announced the commencement of its H-share subscription period, running from June 23 to June 26, 2026.
The company plans a global offering of 46.6328 million H-shares, with approximately 10% allocated for the Hong Kong public offering, subject to reallocation, and about 90% for the international offering, also 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. Trading of the H-shares on the Stock Exchange of Hong Kong is expected to begin at 9:00 a.m. on Thursday, July 2, 2026.
Core Business and Operations
The company operates in the global consumer electronics and smart hardware technology sector, focusing on designing and developing trusted, user-centric products.
Its portfolio spans three main categories: smart charging and power storage, smart home devices, and smart audio-visual products, covering areas such as portable chargers, consumer energy storage systems, smart security, smart cleaning, printing, audio, and projectors.
Anker Innovations employs a fabless business model, concentrating on product design and sales while outsourcing manufacturing to its production partners.
Financial Performance and Growth
The company's strong operational execution has underpinned robust financial results. During the track record period, it achieved significant growth in both revenue scale and profitability.
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 rose from RMB 7.5 billion in 2023 to RMB 13.4 billion in 2025, achieving a CAGR of 33.7%. Alongside rapid expansion, profitability improved, with the overall gross margin increasing from 42.7% in 2023 to 43.9% in 2025.
Cornerstone Investors
The company has entered into cornerstone investment agreements with a consortium of investors, including Schroders, Aspex, Principal Asset Management, Greenwoods, HACF, L.P., UBS Asset Management (Singapore), Franklin Templeton Sealand Fund Management, Jane Street, Taikang Life Insurance, WT Asset Management, and Value Partners.
Subject to certain conditions, these cornerstone investors have agreed to subscribe, or procure their designated entities to subscribe, for shares worth a total of US$295 million, with the number of shares rounded down to the nearest board lot of 100 H-shares.
Use of Proceeds
Assuming the over-allotment option is not exercised and the offer price is set at the maximum of HK$99.32 per share, the net proceeds from the global offering are estimated to be approximately HK$4.5227 billion.
The company intends to allocate these net proceeds as follows, though allocations may change based on evolving business needs and market conditions: approximately 20.0% for product iteration, innovation, and broadening the product range; about 20.0% for research, development, and talent recruitment, with a focus on building underlying platforms and capabilities to support ongoing innovation and global expansion; roughly 15.0% for enhancing brand influence and deepening customer loyalty; around 20.0% for strengthening its direct-to-consumer global market strategy; approximately 20.0% for upgrading the supply chain management system to support continued global expansion; and about 5.0% for working capital and general corporate purposes.
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