List Announcement | Frost & Sullivan Supports Anker Innovation Technology Co., Ltd. in Successfully Listing in Hong Kong (0668.HK)

Frost & Sullivan Innovation Technology Co., Ltd. (hereafter referred to as “Ank Innovation”) successfully went public on July 2, 2026. The company plans to offer approximately 46.6328 million shares through a global offering, with 4.6633 million shares available in Hong Kong and 4.19695 million shares in international markets.

During the listing process, Frost & Sullivan was responsible for several tasks: helping the issuer accurately and objectively understand its position in target markets, using objective market data to identify and highlight the issuer’s competitive advantages, assisting the issuer, investment banks, and other intermediaries in drafting important sections of the prospectus such as overview, competitive advantages and strategy, industry overview, and business section, facilitating communication between the issuer and the stock exchange and investors, helping investors quickly understand the market ecosystem and competitive landscape, and supporting the issuer in responding to various questions from the stock exchange regarding the industry.

Frost & Sullivan has always been a leader in helping companies go public in Hong Kong. According to LiveReport Big Data (data as of June 30, 2026), over the past 36 months and 12 months, and from January to June 2026, Frost & Sullivan provided listing industry consulting services for 212 (market share: 69%), 111 (market share: 71%), and 58 (market share: 69%) Hong Kong IPO companies, ranking first in number and possessing rich industry experience and communication skills with regulatory bodies, exchanges, investment institutions, and related organizations.

The large smart hardware technology market includes categories such as smartphones, personal computers, and smart TVs, with each category’s market size generally exceeding $80 billion. This market is dominated by giant enterprises, and consumer demand in these markets is relatively stable and mature. Other small and medium-sized markets are in an emerging stage with greater growth potential. These smaller markets are characterized by diverse product categories, and the market size of each segment is relatively small. Many of these segments are still in the early or high-growth stage, with potential for rapid expansion. The competition is generally fragmented, with new entrants frequently entering the market, continuously creating opportunities. In 2025, the total market size of these markets was approximately RMB 273.91 billion. The company operates in multiple small and medium-sized markets, including chargers and accessories, portable power sources, consumer-grade energy storage products, smart cleaning appliances, smart home security devices, smart speakers, smart projectors, wireless earbuds, andconsumer-grade 3D printers. In 2025, the global market sizes of these segments were RMB 70.3 billion, RMB 173.8 billion, RMB 229.0 billion, RMB 208.3 billion, RMB 149.5 billion, RMB 118.6 billion, RMB 34.2 billion, RMB 350.7 billion, and RMB 41.5 billion respectively. Between 2025 and 2030, these markets are expected to grow at annual compound rates of 8.9%, 10.0%, 19.6%, 14.9%, 11.3%, 4.0%, 7.5%, 7.8%, and 33.0% respectively.

Mobile charging products are industries that provide portable power for mobile devices, including portable power sources, chargers, and protective cases. In 2025, the global mobile charging product market size reached RMB 244.1 billion, with an annual compound growth rate of 12.1% from 2020 to 2025. By product category, the market size of portable power sources reached RMB 173.8 billion in 2025 and is expected to maintain strong growth, reaching RMB 279.9 billion by 2030, with an annual compound growth rate of 10.0% from 2025 to 2030. This is mainly due to increasing consumer demand for portable and large-capacity charging solutions, frequent updates to smartphones and wearable devices, and increased reliance on mobile devices during work, entertainment, and travel.

Regionally, North America is the largest market, with a size of RMB 59.7 billion in 2025, and an annual compound growth rate of 13.6% since 2020. Followed by Europe, China, Japan, and the Middle East, with market sizes of RMB 56.4 billion, RMB 52.2 billion, RMB 9 billion, and RMB 6.4 billion respectively.

The consumer-grade energy storage industry includes portable energy storage,balcony solar energy storageand household energy storage. The global consumer-grade energy storage market size, measured in revenue, increased from RMB 1.01 billion in 2020 to RMB 229.0 billion in 2025, with an annual compound growth rate of 86.7%. By 2030, it is expected to reach RMB 560.5 billion, with an annual compound growth rate of 19.6% from 2025 to 2030. Regionally, Europe and North America are the two major markets for consumer-grade energy storage.

The smart home industry includes smart home appliances, smart home security devices, smart cleaning devices, as well as smart lighting, smart control, consumer-grade 3D printers, and other devices. From 2020 to 2025, the global smart home market maintained stable growth, with the size increasing from RMB 661 billion to RMB 1,173.5 billion, with an annual compound growth rate of 12.2%. Looking ahead, the smart home market is expected to reach RMB 19193 billion by 2030, with an annual compound growth rate of 10.3% starting from 2025. The integration of smart and IoT technologies, the growing demand for personalized and intelligent user experiences, and the emphasis on energy efficiency and sustainability will further drive growth in the smart home market.

The main categories of smart audio-visual devices include smart TVs, smart speakers, smart projectors, and wireless earbuds. From 2020 to 2025, the global smart audio-visual device market size increased steadily from RMB 108.05 billion to RMB 130.44 billion, with an annual compound growth rate of 3.8%. Looking ahead, the smart audio-visual device market is expected to grow faster, reaching RMB 16117 billion by 2030, with an annual compound growth rate of 4.3% from 2025 to 2030. The accelerated growth is driven by the rapid growth of some segments. The wireless earbuds market is expected to continue growing, with an annual compound growth rate of 7.8% from 2025 to 2030, thanks to technological advancements such as bone conduction technology, diverse functions like meeting recording, and continuous improvement of new products. For smart TVs, market growth is driven by rising average prices due to higher raw material costs, increased proportion of large-screen and high-end models, and stable shipments. The demand for smart speakers and smart projectors is expected to grow steadily, driven by expanded application scenarios and the popularity of smart home ecosystems and outdoor applications such as camping and sports live streaming. Although past fierce competition led to price reductions, as competition eases and leading companies adopt more rational pricing strategies, prices are expected to stabilize, supporting rapid market growth. Advances in display and audio technology, as well as the growing demand for personalized and multi-device entertainment configurations, will further drive market expansion. Additionally, the global demand for smart living environments and the affordability of entry-level smart audio-visual devices are expected to promote market expansion during the forecast period.

In 2025, there were over 1,000 participants in the global mobile charging product industry. The global mobile charging product market is relatively fragmented, and based on revenue, the top five companies in 2025 accounted for 15.2% of the market share. In 2025, Ank Innovation ranked first globally in mobile charging products based on revenue.

In 2025, Ank Innovation ranked eighth globally in the consumer-grade energy storage market based on revenue. In 2025, there were over 500 participants in the global portable energy storage industry. The global portable energy storage market is relatively concentrated, and based on revenue, the top 5 companies accounted for 66.0% of the market share. Based on revenue, Ank Innovation was the third largest portable energy storage company in 2025, with a market share of 10.2%.

In 2025, there were over 300 participants in the global balcony solar energy storage industry (including solar panel manufacturers). The global balcony solar energy storage market is relatively fragmented, and based on revenue, the top three companies accounted for 24.8% of the market share in 2025. Based on revenue, Ank Innovation was the first among balcony solar energy storage companies in 2025, with a market share of 14.6%. Additionally, Ank Innovation was the first in the global balcony solar energy storage industry in terms of energy storage shipments in 2025, with a market share of approximately 50.0%.

In 2025, Ank Innovation ranked ninth globally in the global small and medium-sized smart audio-visual market based on revenue. In 2025, there were over 500 participants in the global wireless earbuds industry. Based on revenue, Ank Innovation ranked sixth among global wireless earbuds companies in 2025, with a market share of 1.7%.

●Upgrading and iteration of multi-port and fast charging technologies

New technologies such as PD3.2, GaN, and multi-port fast charging are becoming more widespread, increasing users' willingness to upgrade and pay for high-end products. Fast charging not only shortens charging time but also improves the user experience, meeting the needs of a fast-paced modern life. At the same time, the development of multi-port charging technologies meets the growing demand of consumers for charging multiple devices simultaneously, especially during travel. Moreover, improvements in safety performance, heat dissipation efficiency, and smart power technology further enhance users' trust and dependence on high-end products.

●Popularization of smart hardware

The rapid growth in the global smart hardware market has driven continuous expansion in charging demands. With an increasing variety of devices and functions, users now prefer efficient charging solutions to meet multiple device usage and high energy consumption needs. With the development of IoT, the integration of smart homes, wearable devices, and mobile devices further stimulates charging demands.

●Increased consumer awareness of brand, quality, and aesthetic design

Currently, consumers' preferences for charging solutions are increasingly influenced by brand reputation and product quality. Considerations such as charging safety, device compatibility, and user experience are making consumers willing to pay for safer, more durable, and reliable after-sales service products. Additionally, consumers pay more attention to the aesthetics of products. Leading brands are strengthening their market position through technological innovation, design optimization, and multi-scenario applications to cultivate long-term customer loyalty.

●Intelligent upgrading of smart charging technologies

As the variety of electronic devices increases, the requirements for charging solutions become more diverse, driving the need for smarter charging methods. Smart chargers will focus more on automatic optimization, personalized adjustment, and better device compatibility, resulting in a more efficient and safe charging experience.

●Regulatory strengthening promotes market consolidation

China issued the “Notice on Carrying out a Concentrated Rectification of the Quality and Safety of Power Banks” in 2025, which strengthened regulatory enforcement in this industry. More stringent certification requirements have eliminated uncertified products, and consumers' awareness of certified and high-quality power banks has increased. Therefore, the market is gradually concentrating on leading brands with strong compliance and quality management capabilities.

●Unstable power grids and increased power outages, along with rising electricity prices

Frequent power instability and power outages increase the reliance on consumer-grade energy storage devices. Home users increasingly consider consumer-grade energy storage devices such as balcony solar systems and household energy storage devices as practical ways to cope with power fluctuations and uncertainties. These systems allow households to store self-generated solar energy and maintain stable electricity supply during temporary power outages or when grid reliability is insufficient. Meanwhile, the rising electricity prices caused by the global energy crisis have become a major driver in the consumer-grade energy storage industry.

●Advances in energy storage technology improve efficiency and experience

With continuous technological development, energy storage devices have seen significant improvements in power density, lifespan, and safety, enabling consumers to obtain more reliable products at lower costs. Additionally, smart management systems enable users to monitor and optimize electricity usage more easily, enhancing convenience. In recent years, innovative technologies such as fast charging, remote control, and visual interfaces have further optimized the user experience. Looking ahead, the integration of IoT may lead to more personalized and intelligent energy solutions.

●Favorable policy support for industry development

Most European countries are introducing new regulations to promote the development of consumer-grade energy storage products, including increasinginvertersoutput power limits and simplifying registration procedures. For example, Germany’s Solarpaket I legislation has raised inverter limits to 800 watts and simplified the registration process for balcony solar systems, reducing barriers for home users. Austria has provided subsidies that cover up to 50% of the cost of balcony solar systems, and France has simplified the licensing process for small photovoltaic systems. With further encouragement of distributed energy resources globally, the consumer-grade energy storage market is expected to continue expanding.

●IoT and industrial technological advancements empower the smart home industry

From high-speed digital motors in smart cleaning devices to smart control, IoT, big data, algorithms, and motion control, rapid technological development has significantly improved the performance and functionality of home appliances. As modern life becomes more complex, continuous technological progress ensures that home appliances remain essential for family life.

●Growing demand for smart lifestyle

The accelerating pace of urban life and the increase in dual-income families are driving a surge in demand for smart cleaning solutions. Consumers prefer products that reduce labor intensity and save time, such as robots that can automatically schedule tasks and provide smart navigation. Additionally, the demand for safe and efficient smart security systems is driving the development of the smart security system market. This shift reflects a broader upgrade in lifestyles, where efficiency and convenience are key concerns.

●Diversified consumer demand drives multi-scenario applications

As living standards improve and consumer activities become more diverse, smart audio-visual device innovation focuses on products tailored to specific lifestyles and usage scenarios. For example, bone conduction earbuds suitable for sports, conference speakers for professional settings, and portable projectors for outdoor activities are being adopted, driving demand for multi-scenario usage and accelerating product upgrades.

●Advances in smart audio-visual technology and functional innovation

Smart audio-visual devices are evolving from basic playback tools into smart home assistants with understanding, prediction, and learning capabilities. Smart technologies are deeply integrated into content recognition, user profiling, and behavior prediction, promoting personalized recommendation algorithms, adaptive audio configurations, and natural semantic interaction. Leading companies are also incorporating features such as real-time translation into smart audio-visual devices. These new features will attract new consumers and stimulate demand for device upgrades.