HK Stock Market Move | Anker Innovations Technology (00668) rises over 6%; Q3 non-recurring net profit up 61%; the company continues to refine its existing product matrix.

Anker Innovations Technology (00668) rose over 6%. The stock hit a new low since its H-share listing of HK$79.05 on November 2, and has rebounded for two consecutive trading days since then. As of press time, it is up 6.41% at HK$91.30, with a turnover of HK$25.09 million. On the news front, Anker Innovations Technology recorded operating revenue of RMB9.535 billion in Q3 this year, up 16.96% year-on-year; net profit attributable to shareholders was RMB559 million, down 27.04% year-on-year, mainly affected by fair value change losses recognized in the current period on trading financial assets held by the company; non-recurring net profit attributable to shareholders was RMB840 million, up 61.23% year-on-year. As Amazon Prime Day was moved forward from July to June, the company's online revenue in Q3 was RMB6.039 billion, up only 5.6% year-on-year, a sharp slowdown from 30.8% in the first half. Guolian Minsheng Securities believes that due to the disruption from the staggered timing of overseas major promotions, the company's revenue growth slowed somewhat in Q3, but cumulative year-to-date growth remains high, with charging and energy storage leading the growth, while smart audio-visual and smart innovation are also expected to perform well. In addition to the company continuously refining its existing product matrix, it has launched its first hearing aid product in the health sector and is advancing the "OneAnker" brand unification strategy, and high growth is expected to be maintained. Due to the decline in the share price of its holding in Southchip Semiconductor Technology (Shanghai), non-recurring gains and losses were a notable drag in Q3, while gross margin and selling expense ratio both improved, FX volatility was handled excellently, and the non-recurring net margin performed well.