Core Viewpoint - YingShi Innovation Technology Co., Ltd. has successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with a significant opening price and trading performance, indicating strong market interest and potential for growth [1][3]. Company Overview - YingShi Innovation focuses on the research, production, and sales of smart imaging devices, including panoramic and action cameras, and has established a technology system centered on panoramic technology, anti-shake technology, AI image processing technology, and computational photography technology [1]. - The company is controlled by Liu Jingkang, who holds a combined 34.0043% voting rights through various entities [2]. Financial Performance - The company raised a total of 1.938 billion yuan (approximately 193.807 million) from the issuance of 41 million shares at a price of 47.27 yuan per share, with a net amount of 1.748 billion yuan (approximately 174.776 million) after deducting issuance costs [3]. - Projected revenues for 2022, 2023, and 2024 are 2.041 billion yuan, 3.636 billion yuan, and 5.574 billion yuan respectively, with net profits of 407 million yuan, 829 million yuan, and 994 million yuan [6][8]. - For the first quarter of 2025, the company reported a revenue of 1.355 billion yuan, a year-on-year increase of 40.70%, but a slight decline in net profit by 2.50% [9]. Investment and Projects - The funds raised will be allocated to the construction of a smart imaging device production base and a research and development center in Shenzhen, with a total planned investment of 463.775 million yuan [3][4]. - The strategic placement of shares included 8.2 million shares, representing 20% of the total issuance, with participation from CITIC Securities [5][6]. Cash Flow and Financial Health - The company’s cash flow from operating activities for 2022, 2023, and 2024 is projected to be 454 million yuan, 762 million yuan, and 1.171 billion yuan respectively, indicating a positive trend in cash generation [7][8]. - The total assets are expected to grow from 1.980 billion yuan in 2022 to 5.021 billion yuan in 2024, reflecting a strong growth trajectory [8].
影石创新上市超募12.8亿首日涨274% 首季现金流变脸