Anker Innovations debuted on the Hong Kong Stock Exchange’s main board on July 2 at an offer price of HK$99.32, briefly falling more than 5% intraday before reversing to close up about 15.69%, while its A-share fell about 7% to around RMB 100.4 the same day, according to Jiemian News. The Hong Kong IPO price represented about a 22% discount to the company’s A-share close of RMB 110.99 on the day the offering was launched. The company reported 2025 revenue of RMB 305.14 billion, up 23.49% year on year, and net profit of RMB 25.45 billion, up 20.37%. Net cash from operating activities fell 82.49% to RMB 481 million in 2025 from RMB 2.745 billion in 2024, and turned to a net outflow of RMB 451 million in 2026 Q1. Inventory rose 54.54% to RMB 49.97 billion by end-2025. Anker said it raised about HK$45 billion in the Hong Kong IPO, with proceeds to be used for product iteration, R&D hiring, brand building, global sales channels and supply-chain management. The company also disclosed a 2025 dividend plan of RMB 17 per 10 shares, totaling about RMB 9.11 billion.
