Anker Innovations (300866) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 5.99 billion, up 36.91% year-over-year; net profit attributable to shareholders was RMB 496 million, up 59.57% year-over-year.

• Domestic revenue grew 55.44% to RMB 255 million; overseas revenue rose 36.18% to RMB 5.74 billion.

• Online channel revenue increased 32.03% to RMB 4.11 billion; offline channel revenue surged 48.90% to RMB 1.89 billion.

• All three major product categories—charging & energy storage, smart innovation, and smart audio-visual—achieved steady growth with multiple new product launches.

Financial highlights

• Operating income: RMB 5.99 billion, up 36.91% year-over-year; operating cost: RMB 3.40 billion, up 41.50%.

• Net profit attributable to shareholders: RMB 496 million, up 59.57% year-over-year; adjusted net profit (excluding non-recurring items): RMB 440 million, up 39.36%.

• Basic EPS: RMB 0.9329, up 58.66% year-over-year; diluted EPS: RMB 0.9312.

• Operating cash flow: -RMB 288 million, down from RMB 181 million last year, mainly due to increased cash outflows for goods, services, and taxes.

• Total assets at quarter-end: RMB 17.31 billion, up 4.23% from year-end 2024.

Outlook and guidance

• Company continues to expand market presence and launch innovative products, aiming for sustained business growth.

• Focus on strengthening global brand leadership in charging, energy storage, and smart devices.