Core Viewpoint - The stock price of Chinese concept stock Xunlei plummeted nearly 23%, while its significant holding, Ying Shi Innovation, performed exceptionally well after its debut on the STAR Market, with a market capitalization close to 71 billion yuan [1] Group 1: Xunlei's Stock Performance - Xunlei's stock closed at a market value of $309 million, which is less than half of its holding in Ying Shi Innovation [1] - The stock price of Xunlei had previously seen a significant increase, rising over 10% before the sharp decline [1] Group 2: Ying Shi Innovation's Market Debut - Ying Shi Innovation opened at 182 yuan per share, a 285% increase from its issue price, and closed at 177 yuan, with a market capitalization nearing 71 billion yuan [1] - Xunlei holds 31.44 million shares of Ying Shi Innovation, representing a 7.84% stake, with a current holding value of approximately 5.565 billion yuan [1] Group 3: Financial Performance and Growth of Ying Shi Innovation - Ying Shi Innovation's revenue projections 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, 830 million yuan, and 995 million yuan [1] - The company has completed multiple financing rounds totaling approximately 500 million yuan, with significant returns for investors, including IDG Capital, which has seen over 8 billion yuan in gains [1] Group 4: Xunlei's Financials - For 2024, Xunlei's total revenue is projected to be $324 million, a year-on-year decrease of 11.1%, with a net profit of $23.9 million, remaining flat compared to the previous year [1] - Xunlei's membership business reached a record high in the fourth quarter of the previous year, with a total user count of 6.38 million and a revenue increase of 9% year-on-year [1] - As of December 31, 2024, Xunlei held cash and equivalents amounting to $288 million [1]
迅雷：股价跌近23%，持影石创新市值超自身42.38%