Core Viewpoint - The successful listing of Yingshi Innovation on the Sci-Tech Innovation Board marks a significant milestone for the company, which has shown impressive growth in market share and financial performance since its establishment in 2015 [1] Company Overview - Yingshi Innovation, founded in 2015, specializes in panoramic cameras, holding the largest market share for six consecutive years, with a global market share of 67.2% in 2023 [1] - The company's total revenue is projected to grow from 159 million yuan in 2018 to 5.574 billion yuan in 2024, with a compound annual growth rate (CAGR) of 66.2% [1] - Net profit is expected to increase from less than 6.5 million yuan to 999.5 million yuan during the same period, with a CAGR of 106.6% [1] - Yingshi maintains a gross margin above 50% and a net margin around 20% over the past four years, significantly outperforming established competitors like GoPro [1] Investment and Financing History - Prior to its IPO, Yingshi completed six rounds of equity financing and three equity transfers, initially planning to list overseas [2] - The first round of investment in March 2015 included IDG Capital and Chuangyibang Angel Fund, with investments of 652,500 USD and 48,900 USD respectively [2] - Subsequent funding rounds saw participation from various investors, including significant contributions from companies like Xunlei and Suning [2][3] Investor Returns - Post-IPO, IDG Capital's shares are valued at approximately 8.489 billion yuan, yielding a return of 713.47 times its initial investment [4] - Other notable returns include 159.47 times for Qiming Venture Partners and 86.04 times for Xunlei [4] - The investment performance of other institutions also exceeded 50 times, with several achieving returns between 35 to 40 times [4][5]
影石A股上市再现造富神话：IDG资本账面回报超700倍 苏宁提前“清仓”失之交臂
Xin Lang Zheng Quan·2025-06-13 09:21