Core Viewpoint - The newly listed company, YingShi Innovation, is expected to perform well on its debut, with a significant focus on the smart imaging equipment industry, particularly in panoramic and action cameras, which have shown strong growth potential [1][4]. Company Overview - YingShi Innovation specializes in consumer-grade and professional-grade smart imaging devices, including a range of products such as the Nano series, ONE series, and Pro series [1]. - The company has established itself as a leader in panoramic camera technology, with a global market share of 67.2% in 2023, and ranks second in the action camera segment [2]. Industry Insights - The global handheld smart imaging device market has grown from 16.43 billion yuan in 2017 to 36.47 billion yuan in 2023, with a compound annual growth rate (CAGR) of 14.3% [2]. - The panoramic camera market reached 5.03 billion yuan in 2023, with a year-on-year growth of 21.79%, and is projected to grow to 7.85 billion yuan by 2027, with a CAGR of 11.8% [2]. - The action camera market was valued at 31.44 billion yuan in 2023, expected to increase to 51.35 billion yuan by 2027, with a CAGR of 13.0% [2]. Financial Performance - YingShi Innovation's projected revenues for 2022, 2023, and 2024 are 2.041 billion yuan, 3.636 billion yuan, and 5.574 billion yuan, respectively, with year-on-year growth rates of 53.66%, 78.16%, and 53.29% [3]. - The net profit for the same years is projected to be 407 million yuan, 830 million yuan, and 995 million yuan, with growth rates of 53.30%, 103.66%, and 19.91% [3]. - The company raised 1.938 billion yuan through its IPO, with funds allocated for the construction of a smart imaging equipment production base and a research and development center in Shenzhen [3]. Market Sentiment and Valuation - The recent sentiment for new listings in the A-share market is high, with an average first-day gain of 155% for new stocks in the past month [4]. - YingShi Innovation's issuance price is set at 47.27 yuan, which is relatively high for the Sci-Tech Innovation Board, and comparable companies suggest a potential first-day increase of 34% if it reaches similar valuation levels [5]. - The company is noted for its significant fundraising amount, which is the largest for a new stock on the Sci-Tech Innovation Board in the past year, potentially influencing its debut performance [5].
从极限运动走向日常，“全球智能影像第一股”影石创新明日上市，能否带给投资者极致体验？