Anker Innovations (300866) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥8.15 billion, up 19.88% year-over-year; net profit attributable to shareholders was ¥765.86 million, up 27.76% year-over-year.

• For the first nine months, revenue was ¥21.02 billion, up 27.79% year-over-year; net profit attributable to shareholders was ¥1.93 billion, up 31.34% year-over-year.

• Domestic revenue grew 21.59% and overseas revenue grew 28.01% year-over-year for the first nine months.

• Online channel revenue increased 25.22% and offline channel revenue increased 33.76% year-over-year for the first nine months.

• Q3 saw continued investment in R&D and brand building, with R&D expenses up 24.72% and sales expenses up 25.13% year-over-year.

Financial highlights

• Q3 2025 revenue: ¥8.15 billion (+19.88% YoY); net profit: ¥765.86 million (+27.76% YoY); adjusted net profit: ¥521.25 million (-2.92% YoY).

• First nine months revenue: ¥21.02 billion (+27.79% YoY); net profit: ¥1.93 billion (+31.34% YoY); adjusted net profit: ¥1.48 billion (+13.82% YoY).

• Basic EPS for Q3: ¥1.43 (+26.55% YoY); for nine months: ¥3.63 (+30.58% YoY).

• Operating cash flow for Q3: -¥864.87 million (down 152.38% YoY), mainly due to increased prepayments and staff payments.

• Total assets at period end: ¥20.02 billion (+20.58% from year-end 2024); equity attributable to shareholders: ¥9.89 billion (+10.44%).

Outlook and guidance

• The company continues to focus on market expansion, product innovation, and strengthening brand influence.

• Ongoing investment in R&D and marketing is expected to support long-term competitiveness.