Core Viewpoint - The recent viral video of Liu Jingkang, the "post-90s" founder of Yingshi Innovation, distributing cash to employees has sparked discussions about corporate culture and wealth display, while the company is preparing to enter the consumer drone market with its new A1 drone, challenging DJI's long-standing dominance in this sector [1][3][5]. Company Overview - Yingshi Innovation, founded in 2015, has dominated the global consumer panoramic camera market for six consecutive years, with its product lineup including the ONE X series and ACE series [5]. - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 11, with an initial price of 47.27 yuan per share, and its stock price surged over 370% to 224.42 yuan by August 15 [3][5]. Market Dynamics - Yingshi is entering the drone market with its Antigravity panoramic drone, which features dual fisheye lenses and a unique shooting logic that allows users to select perspectives post-capture [6][8]. - DJI, holding over 70% of the global consumer drone market, is also venturing into the panoramic camera space with its Osmo 360, indicating a competitive shift between the two companies [5][6]. Financial Performance - Yingshi's revenue growth is projected to slow, with expected revenues of 20.41 billion yuan in 2022, 36.36 billion yuan in 2023, and 55.74 billion yuan in 2024, reflecting a compound annual growth rate of 65.25% [8]. - The company's net profit is forecasted to grow from 4.07 billion yuan in 2022 to 9.95 billion yuan in 2024, with a compound annual growth rate of approximately 56.27% [8]. Competitive Landscape - Both Yingshi and DJI are facing growth challenges, prompting them to explore cross-industry expansions as a strategy to overcome market saturation [9][12]. - DJI has established significant barriers in the drone industry, particularly in flight control systems and supply chain integration, while Yingshi's strengths lie in software algorithms and image processing capabilities [12].
市值900亿元，90后老总给员工“撒钱”引热议，这个巨头要“单挑”大疆？上市2个月股价暴涨370%