Credit Brief — Anker Innovations Technology Co., Ltd. (安克创新)
300866.SZ · Shenzhen ChiNext · Data window: 2022–2026 H1 · Sources: official periodic reports filed via cninfo (巨潮资讯网)
All figures are extracted mechanically from official filings and are traceable to source page (see §9). Narrative sections are analyst commentary; mechanical sections are produced without any LLM. Not investment advice. Not a credit rating.
1. Identity & legitimacy
- Legal representative: 阳萌
- Registered address: 湖南省长沙高新开发区尖山路 39 号长沙中电软件园有限公司一期七栋 7 楼 701 室
- Office address: 湖南省长沙高新开发区尖山路 39 号长沙中电软件园有限公司一期七栋 7 楼 701 室
- Controlling shareholder: 阳萌
- Actual controller: 阳萌先生和贺丽
- Employees: 6,304
Source: identity fields above are mechanically extracted from the issuer's own filed annual reports. - Registration data via corporate registry is not included in this build
2. Compliance & legal
Compliance screens (dishonest debtor / enforcement / penalties / business exceptions) require a registry data source not included in this build
3. Business profile
Top customer/supplier tables not generated for this issuer.
4. Financial dashboard (CNY mn)
Assets
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Cash and bank balances | 945.6 | 2,065.3 | 2,533.6 | 3,656.5 | 3,803.7 |
| Trading financial assets | 1,720.2 | 1,397.5 | 2,330.7 | 2,467.0 | 2,283.1 |
| Accounts receivable | 1,222.4 | 1,527.8 | 1,654.2 | 1,872.6 | 2,500.6 |
| Other receivables | 45.8 | 94.5 | 126.6 | 141.8 | 147.2 |
| Inventories | 1,479.8 | 2,411.3 | 3,233.6 | 4,997.1 | 6,733.8 |
| Long-term equity investments | 366.4 | 517.1 | 525.4 | 582.0 | 556.1 |
| Fixed assets | 100.5 | 106.8 | 127.3 | 1,784.1 | 1,763.5 |
| Construction in progress | — | 0.0 | 1,492.8 | 5.3 | 0.0 |
| Intangible assets | 20.4 | 22.4 | 37.2 | 52.6 | 52.1 |
| Total assets | 10,132.6 | 12,776.7 | 16,603.7 | 20,066.9 | 22,420.2 |
Liabilities
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Short-term borrowings | 159.0 | 269.8 | 453.4 | 567.3 | 730.7 |
| Notes payable | 56.4 | 393.6 | 467.5 | 442.9 | 651.3 |
| Accounts payable | 729.1 | 1,159.3 | 1,778.4 | 1,870.5 | 2,822.4 |
| Contract liabilities | 93.7 | 137.4 | 154.7 | 552.5 | 446.6 |
| Other payables | 349.4 | 377.3 | 728.6 | 917.1 | 1,269.9 |
| Current portion of non-current liabilities | 161.8 | 67.1 | 196.6 | 226.4 | 233.5 |
| Long-term borrowings | 610.7 | 610.7 | 924.9 | 781.3 | 714.2 |
| Bonds payable | 3.1 | 0.0 | 0.0 | 1,097.4 | 1,109.0 |
| Total liabilities | 3,188.0 | 4,615.4 | 7,459.2 | 9,355.2 | 10,667.2 |
Equity
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Paid-in capital | 406.4 | 406.4 | 531.4 | 536.2 | 536.3 |
| Capital reserve | 2,994.7 | 3,128.4 | 2,977.6 | 3,073.2 | 3,120.3 |
| Retained earnings | 3,245.2 | 4,332.2 | 5,252.2 | 6,622.3 | 7,412.7 |
| Equity attributable to owners of the parent | 6,843.3 | 7,999.9 | 8,958.0 | 10,527.6 | 11,591.7 |
| Minority interests | 101.3 | 161.4 | 186.5 | 184.1 | 161.3 |
| Total equity | 6,944.6 | 8,161.3 | 9,144.5 | 10,711.7 | 11,753.0 |
Income statement
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Revenue | 14,250.5 | 17,507.2 | 24,710.1 | 30,514.4 | 16,605.0 |
| Cost of sales | 8,731.0 | 9,885.3 | 13,918.4 | 16,763.0 | 8,331.9 |
| Selling expenses | 2,937.8 | 3,886.6 | 5,569.8 | 6,826.8 | 3,424.1 |
| Administrative expenses | 465.3 | 583.2 | 868.7 | 1,093.1 | 552.0 |
| Finance costs | 67.1 | 86.5 | 25.0 | 52.6 | 144.7 |
| Investment income | 118.4 | 71.5 | 154.7 | 275.7 | 26.6 |
| Operating profit | 1,274.5 | 1,805.6 | 2,376.9 | 2,926.1 | 2,089.6 |
| Profit before tax | 1,267.8 | 1,812.5 | 2,348.3 | 2,922.5 | 2,075.1 |
| Net profit | 1,185.3 | 1,693.9 | 2,211.1 | 2,617.2 | 1,744.8 |
5. Ratios
| Ratio | 2022 | 2023 | 2024 | 2025 | 2026 H1 |
|---|---|---|---|---|---|
| Current ratio | 3.27x | 2.68x | 2.10x | 2.38x | 2.24x |
| Quick ratio | 2.58x | 1.98x | 1.55x | 1.64x | 1.41x |
| Debt-to-asset ratio | 31.5% | 36.1% | 44.9% | 46.6% | 47.6% |
| Total debt / EBITDA | 0.73x | 0.51x | 0.66x | 0.86x | 1.25x |
| EBITDA interest coverage | 104.65x | 69.24x | 85.98x | 59.60x | 69.01x |
| Gross margin | 38.7% | 43.5% | 43.7% | 45.1% | 49.8% |
| Net margin | 8.3% | 9.7% | 8.9% | 8.6% | 10.5% |
| Return on equity (ROE) | 17.1% | 20.8% | 24.2% | 24.4% | 14.8% |
| Revenue growth | — | 22.9% | 41.1% | 23.5% | -45.6% |
| Net profit growth | — | 42.9% | 30.5% | 18.4% | -33.3% |
| Receivable days | 31 | 32 | 24 | 22 | 55 |
| Cash received / revenue | 88.3% | 84.8% | 86.5% | 88.4% | 85.7% |
| Operating CF / net profit | 1.20x | 0.84x | 1.24x | 0.18x | 0.35x |
| Free cash flow | 1,423.9 | 1,429.9 | 2,745.5 | 480.8 | 969.8 |
Mechanical risk flags
- ⚠ Debt-to-asset ratio: 0.47 (level: high, reference threshold: <0.65)
6. Cross-check flags (mechanical reconciliation)
- 2024 · Cash-flow statement net increase vs balance-sheet cash movement: 539.6 vs 468.3 CNY mn (deviation 13.21%, severity mid)
Sources: 2025年年度报告.pdf p.116 「五、现金及现金等价物净增加额」 vs 2024年年度报告.pdf p.108 「货币资金」. CF-statement figure above the balance-sheet movement by 71.3 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2025 · Cash-flow statement net increase vs balance-sheet cash movement: 739.0 vs 1,122.9 CNY mn (deviation 34.19%, severity mid)
Sources: 2025年年度报告.pdf p.116 「五、现金及现金等价物净增加额」 vs 2025年年度报告.pdf p.108 「货币资金」. CF-statement figure below the balance-sheet movement by 383.9 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2026Q2 · Cash-flow statement net increase vs balance-sheet cash movement: -75.5 vs 147.2 CNY mn (deviation 151.28%, severity mid)
Sources: 2026年半年度报告.pdf p.65 「五、现金及现金等价物净增加额」 vs 2026年半年度报告.pdf p.57 「货币资金」. CF-statement figure below the balance-sheet movement by 222.7 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review.
5 check(s) not run for missing inputs: 前五大应收 vs BS 应收账款; 前五大其他应收 vs BS 其他应收款; 前五大预付 vs BS 预付款项; 现金及现金等价物净增加额 vs 货币资金变动; 授信表内总合计 vs Σ机构行.
Premium tier. The analyst red-flag review and the industry-context commentary (sections 7–8 of the full brief) are not included in this free build. Join the waitlist for early access.
9. Method & provenance
All financial figures above were extracted mechanically from the company's official periodic reports (unit-normalized to CNY). Each key figure carries cell-level provenance — source file, page and original line item. Samples (latest annual period):
| Item | Period | Value (CNY mn) | Source file | Page | Raw line item | Raw value (as filed) |
|---|---|---|---|---|---|---|
| Cash and bank balances | 2025 | 3,656.5 | 2025年年度报告.pdf | 108 | 货币资金 | 3656509315.28 (元) |
| Total assets | 2025 | 20,066.9 | 2025年年度报告.pdf | 108 | 资产总计 | 20066892453.86 (元) |
| Accounts receivable | 2025 | 1,872.6 | 2025年年度报告.pdf | 108 | 应收账款 | 1872623540.2 (元) |
| Fixed assets | 2025 | 1,784.1 | 2025年年度报告.pdf | 108 | 固定资产 | 1784078377.4 (元) |
| Short-term borrowings | 2025 | 567.3 | 2025年年度报告.pdf | 109 | 短期借款 | 567318259.44 (元) |
This brief is built solely on officially filed public disclosures. It is not investment advice, not a credit rating, and not an offer of any service. Figures may contain extraction or caliber effects; verify against the original filings before relying on them.