Anker Innovations H1 2026 Results: Net Profit Surges 45% to 1.7 Billion RMB, Non-Amazon Channels Post Standout Growth

Ebrun Exclusive | August 31 news: Global consumer electronics brand Anker Innovations recently released its 2026 half-year financial report, delivering strong operational performance.

According to the report, the company generated 16.605 billion RMB in operating revenue in the first half of the year, representing a 29.05% year-on-year increase. Net profit attributable to shareholders of the listed company reached 1.702 billion RMB, up 45.86% year-on-year, while adjusted net profit excluding non-recurring gains and losses attributable to shareholders stood at 1.439 billion RMB, rising 49.65% year-on-year. Gross margin hit 49.82%, up 5.09 percentage points from the same period last year.

I. Profit and Cash Flow Both Skyrocket, R&D Spending Jumps 56.50% YoY

Overall, Anker delivered a solid performance in the first half of the year, with sustained double growth in both revenue and profit, stable core business operations, strong fundamentals, and a marked improvement in overall operating conditions.

Taking a longer-term view, after a slowdown in earnings growth in 2025, the 49.65% year-on-year increase in adjusted net profit in H1 2026 has significantly outpaced the 25.55% growth recorded in the same period last year, returning to levels above the company's average growth rate since its listing, second only to the 77.80% surge seen in 2023.

In terms of revenue, the 29.05% year-on-year increase, while slightly below the historical annual average, remains impressive given the company's large revenue base.

Year	Operating Revenue (Billion RMB)	YoY Change	Adjusted Net Profit Attributable to Shareholders (Billion RMB)	YoY Change	Net Cash Flow from Operating Activities (Billion RMB)	YoY Change
2020	3.528	24.52%	0.576	38.68%	0.383	10.22%
2021	5.371	52.24%	0.300	-22.83%	-0.116	-163.15%
2022	5.887	9.62%	0.306	1.94%	0.087	174.59%
2023	7.066	20.01%	0.545	77.80%	0.616	603.50%
2024	9.648	36.55%	0.766	40.53%	0.841	37.91%
2025	12.867	33.36%	0.961	25.55%	-1.132	-234.58%
2026	16.605	29.05%	1.439	49.65%	0.722	163.82%
Average		29.34%	Average	36.71%	Average	84.62%

In terms of cost control, Anker also delivered strong results. The company's operating cost in the first half of the year was 8.331 billion RMB, up only 17.16% year-on-year, with cost growth significantly lower than revenue growth.

Anker explained that the cost increase came from corresponding expansion of business scale, while partial refunds of IEEPA tariffs paid in the previous year received during the reporting period offset current operating costs, further boosting profit margins.

Looking at the cost structure in detail, sales expenses rose 21.12% year-on-year, and administrative expenses increased 18.40% year-on-year. R&D spending rose further to 1.869 billion RMB, a 56.50% year-on-year jump, accounting for 11.26% of total revenue in the period, up from 9.48% for the full year last year.

In terms of R&D capabilities, as of the end of the reporting period, the company held 363 invention patents, 1,466 utility model patents, and 1,793 design patents globally, with a number of additional intellectual property rights applications pending.

During the reporting period, the company's R&D team reached 3,523 people, accounting for 56.47% of its total workforce. The size of the R&D team has continued to grow since the company's listing, expanding more than 3.5 times compared to 2020.

On the cash flow front, Anker Innovations' previous negative cash flow trend has been significantly reversed. Net cash flow in the first half of the year reached 722 million RMB, a 163.82% year-on-year surge, turning positive from negative territory, mainly due to net cash inflows from core operations and tariff refunds during the period.

II. Charging and Energy Storage Accounts for Half of Revenue, Digital Charging and Residential Energy Storage Advance in Tandem

In the first half of 2026, all three of Anker Innovations' product lines—charging and energy storage, smart innovation, and smart audio—delivered steady growth.

By business segment, charging and energy storage revenue reached 8.930 billion RMB, accounting for 53.78% of total revenue, and remains the company's most important revenue pillar, with a 31.02% year-on-year growth rate, the highest among the three business segments. Smart innovation revenue reached 4.186 billion RMB, up 28.77% year-on-year, accounting for 25.21% of total revenue. Smart audio revenue reached 3.485 billion RMB, rising 24.53% year-on-year, accounting for 20.99% of total revenue.

On the product front, Anker launched a number of innovative products in the past six months, a significant number of which have received positive market feedback, validating the effectiveness of its product capabilities and innovation pipeline.

For example, in the charging and energy storage category, Anker is advancing in parallel in digital charging and consumer energy storage segments.

In January, the Anker Nano 45W Smart Charger with display was launched in overseas markets. It is the company's first 45W single-port charger with a screen that can identify device information for iPhone and iPad models. In May, the Anker Air ultra-thin magnetic power bank officially went on sale, designed for portable mobile charging scenarios with a slim and lightweight form factor.

Meanwhile, Anker's consumer energy storage brand Anker SOLIX launched the Solarbank Max AC and Solarbank 4E5000 Pro in the European market, continuing to refine localized energy storage solutions for niche scenarios such as balcony solar storage and rooftop PV retrofits. The Anker SOLIX XE residential energy storage system also made its debut in Australia. The XE is the industry's first 8kW true all-in-one residential energy storage system, integrating a hybrid inverter, 7kWh battery module, and intelligent EMS (energy management system) into a single unit.

Anker has also made multiple breakthroughs in the smart innovation category.

During the reporting period, the company launched the eufy Wired Cam C31, designed for indoor and outdoor multi-scenario security needs, supporting 360-degree coverage and intelligent tracking. The company also unveiled the eufy Cam C37 smart security camera, which features 2K color night vision and on-device AI detection capabilities to improve image recognition performance in nighttime and complex environments, and automatically triggers sound and light alerts when anomalies are detected. Both the C37 and C31 achieved strong rankings on new product sales charts on Amazon platforms in the U.S. and Germany.

In the smart cleaning segment, the company launched the all-new entry-level eufy Robot Lawn Mower C15, further expanding its presence in the yard robotics track. In the maternal and infant category, the eufy Baby flagship eufy Bottle Washer S1 Pro officially launched in April, receiving third-party safety certification from Germany's TüV SüD, making it the first product of its kind in the industry to obtain this certification.

In the smart audio category, Anker Innovations is also actively exploring the smart hardware market. In May, the soundcore Liberty 5 Pro and Liberty 5 Pro Max made their global debut during Anker Day. Both products are equipped with the company's first neural network compute-in-memory Thus? AI audio chip, which Anker describes as "a landmark achievement in the smart audio field."

III. Non-Amazon Third-Party Online Channels Surge 95%, North America Posts Fastest Growth

By channel, in the first half of 2026, Anker generated 11.350 billion RMB in online revenue, up 30.83% year-on-year, and 5.255 billion RMB in offline revenue, rising 25.37% year-on-year, marking significant progress in its omnichannel layout.

Specifically, independent sites and other online channels contributed 11.06% and 10.92% of total revenue respectively, growing 39.19% and 95.78% year-on-year, representing stronger growth momentum. Meanwhile, Amazon still accounts for half of total revenue, contributing 46.37% of total revenue with sales reaching 7.699 billion RMB, up 19.75% year-on-year.

However, compared to its 57.10% share of total revenue in 2023, Anker Innovations' reliance on Amazon is continuing to decline.

On the offline channel front, the company continues to improve its global offline sales network, establishing partnerships with global and regional retailers, independent electronics stores, and specialized distributors, while simultaneously advancing the layout of its own offline retail stores.

For different sales channels, the company has set up dedicated sales and channel management teams to better match consumer needs in different regions. Currently, the company's products are available in major global chain retailers including Walmart, Best Buy, Target, and Costco, as well as European channels such as Argos and OBI.

By region, Anker maintains leading brand influence and market share in the North American market, with revenue reaching 7.564 billion RMB, up 32.70% year-on-year, accounting for 45.55% of total revenue and remaining its largest market. Revenue in the European market reached 4.432 billion RMB, rising 29.34% year-on-year. Revenue in China and other markets reached 4.609 billion RMB, up 23.24% year-on-year.

Founded in 2011, Anker Innovations was officially listed on the A-share ChiNext board on August 24, 2020, and is known as the "first cross-border e-commerce stock." It owns multiple sub-brands including Anker for digital charging devices, eufy for smart home products, Soundcore for audio equipment, Nebula for projection devices, and AnkerMake for 3D printing products.

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