Anker Innovations (300866) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥7.61 billion, up 26.93% year-over-year; net profit attributable to shareholders was ¥471.59 million, down 4.87% year-over-year, while adjusted net profit (excluding non-recurring items) rose 24.39% to ¥546.76 million.

• Overseas revenue accounted for 95.3% of total, growing 26.35% year-over-year; domestic revenue grew 40.08%.

• Online channel revenue grew 25.17%, offline 30.79%, with the official website contributing 10.7% of total revenue.

• Focused on three core sectors: charging & energy storage, smart innovation, and smart audio-visual, with multiple new product launches and international awards.

Financial highlights

• Operating cash flow was negative ¥450.63 million, a further decline from negative ¥287.66 million in Q1 2025.

• Total assets at quarter-end were ¥20.23 billion, up 0.80% from year-end 2025; shareholders’ equity rose 6.11% to ¥11.17 billion.

• Basic EPS was ¥0.8796, down from ¥0.9329 year-over-year.

• Gross margin and operating margin not explicitly stated, but R&D expenses increased 45.33% year-over-year to ¥805.29 million.

• Financial expenses surged 441.3% due to FX losses and higher transaction fees.

Outlook and guidance

• Continued focus on technological innovation and product upgrades in core business lines.

• Expansion in international markets and further development of AI and smart hardware technologies.