Guosheng Securities: Maintain a "buy" rating on Anker Innovation, the company continues to innovate, and profits have been significantly optimized.

Guosheng Securities Research Report pointed out that Anke Innovation achieved a net profit attributable to mothers of 770 million yuan in Q3 2025, a year-on-year increase of 27.76%, and a net profit attributable to mothers of 1.93 billion yuan from Q1 to Q3 2025, a year-on-year increase of 31.3%. The company is a benchmark for Chinese brands going global, with core competitiveness in existing products/brands/channels, confirming the strategic vision of management; the existing foundation has laid the foundation, facing a continuously iterating broad market, with great potential. During the reporting period, the company continued to push for innovation, significantly optimizing the profit margin. The current stock prices correspond to PE ratios of 24.9/20.7/17.2 times respectively, and the "buy" rating is maintained.