85后天大老师创业，净利润暴增295%，冲刺IPO

Core Viewpoint - The article focuses on the IPO of Yisiwei (Hangzhou) Technology Co., Ltd., a leading machine vision company in the transportation sector, highlighting its entrepreneurial journey, business model, and financial performance [3][4]. Company Overview - Yisiwei specializes in machine vision equipment for the transportation industry, covering upstream components like visual sensors and light sources, midstream measurement and guidance systems, and downstream applications in automotive manufacturing, rail transit, and aviation [4]. - The company holds the largest market shares in China's automotive manufacturing machine vision market, with 13.7% in the overall market and 22.5% in complete vehicle manufacturing [5]. Entrepreneurial Journey - Founder Guo Yin transitioned from academic research in precision instruments to entrepreneurship, identifying a significant opportunity in the domestic machine vision market for automotive manufacturing, which was previously dominated by international giants [10][11]. - In 2016, Guo and his team established Yisiwei in Tianjin, later relocating to Hangzhou to leverage the region's automotive industry cluster and talent ecosystem [12]. Mergers and Acquisitions - Yisiwei has made two significant acquisitions: in 2019, it acquired German company EHR, enhancing its product offerings in automotive welding quality inspection, and in 2022, it acquired Hangzhou Yuyi, expanding its capabilities in automated polishing solutions [13]. Financial Performance - The company has experienced explosive growth in revenue and net profit from 2022 to 2024, with revenues of 220 million, 360 million, and 390 million yuan, respectively, reflecting a compound annual growth rate (CAGR) of 32.6% [26]. - Net profit surged from 5.39 million to 84.33 million yuan during the same period, with a CAGR of 295.7% [26]. - The gross profit margins have remained high, with rates of 62.7%, 64.7%, and 65.5% over the past three years [27]. Revenue Structure - The majority of Yisiwei's revenue comes from the automotive manufacturing sector, with 370 million yuan in 2024, while also expanding into rail transit and aviation [28]. - The revenue from the rail transit sector grew significantly, reaching 7.88 million yuan in 2024, a 23-fold increase from the previous year [29]. IPO Plans - Yisiwei plans to raise 1.21 billion yuan through its IPO, with the largest portion allocated to establishing a machine vision product industrialization base, totaling 710 million yuan [29]. Market Expansion - The company is capitalizing on the trend of Chinese automotive companies expanding overseas, leveraging its subsidiary EHR's established customer base to enter international markets and collaborate with global automotive manufacturers [31].