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Anker Innovations hit a new intraday high, officially joined the Stock Connect program recently, and is experiencing rapid growth in its energy storage and smart home businesses.

Zhitong Finance ·  Jul 30 13:45

July 30 news,$ANKER (00668.HK)$Surged more than 9%, hitting a new intraday high at HK$117.1, with a trading volume of HK$89.261 million.

On the news front, Anker Innovations was officially added to the Stock Connect Southbound list effective July 27. Inclusion of its H shares in the Stock Connect eligible securities list is expected to further broaden the company's investor base and potentially enhance the trading liquidity of its H shares. According to the company’s investor relations activity log, Anker Innovations believes its energy storage business remains in a growth phase characterized by sustained demand expansion, continuous product innovation, and gradual policy improvements. The company has already established a diversified product portfolio in energy storage, including portable mobile power stations, balcony solar-plus-storage systems, and residential energy storage solutions.

Kaiyuan Securities noted that the company holds clear advantages in its balcony energy storage products and distribution channels, and has made initial breakthroughs in the Australian market for residential energy storage. Additionally, its newly launched AC-coupled storage solution targeting households with existing solar but no storage capability is expected to drive overall growth in its energy storage business. Industrial Securities highlighted that the company continues to focus on three core segments: charging and energy storage, smart innovation, and smart audio-visual products. In the near term, its core businesses are demonstrating steady growth, while energy storage and smart home segments are scaling rapidly.

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