HK Stock Market Move | Anker Innovations Technology (00668) falls over 9%; Q3 report imminent; Goldman Sachs forecasts operating profit to decline quarter by quarter.

Anker Innovations Technology (00668) has fallen for four consecutive trading days, down 8.88% as of press time to HK$91.3, with turnover of HK$73.7788 million. On the news front, according to Anker Innovations Technology's previous announcement, a board meeting is scheduled to be held on October 29 to consider and approve the company and its subsidiaries' third-quarter results for the nine months ended September 30, 2026, and their publication. Goldman Sachs forecasts Q3 operating profit (excluding the contribution of tariff refunds) to grow about 28% year-on-year, slowing quarter by quarter from 39% in Q2. It is understood that Prime Day in 2025 fell in July, while this year it was moved forward to June, with some major promotion revenue brought forward to the second quarter. In addition, in the first half of this year, Anker Innovations Technology received refunds of IEEPA tariffs paid in part during the previous year and offset them against operating costs. In the first half, it received tax refunds of RMB1.447 billion, an increase of RMB689 million year-on-year. This "windfall" directly pushed Anker's gross margin up from 44.73% to 49.82%, an increase of 5.09 percentage points year-on-year.