Core Viewpoint - YingShi Innovation officially debuted on the Sci-Tech Innovation Board on June 11, 2023, with a remarkable opening price increase of 285%, reaching a market capitalization of over 70 billion yuan, and raising 1.938 billion yuan, marking it as a significant player in the market [1][2]. Group 1: Company Overview - YingShi Innovation Technology Co., Ltd. is recognized as the "first stock of smart imaging" in A-shares, with the stock code 688775.SH [2]. - Founded in 2015, the company has become a leading global brand in the smart imaging sector, particularly in the panoramic camera field [8][11]. Group 2: Financial Performance - The company has demonstrated impressive financial growth, with a compound annual growth rate (CAGR) of over 65% in revenue over the past three years, with revenues of 2.041 billion yuan, 3.636 billion yuan, and 5.574 billion yuan from 2022 to 2024 [7][8]. - The net profit attributable to the company increased from 381 million yuan to 946 million yuan during the same period, indicating strong profitability [8]. Group 3: Technological Innovation - YingShi Innovation has invested 1.48 billion yuan in research and development over the past three years, accounting for 13.16% of total revenue, with a technical team comprising 57.68% of its workforce [9][18]. - The company holds 900 patents, including 189 invention patents, showcasing its commitment to technological advancement [9]. Group 4: Market Position - According to Frost & Sullivan, YingShi Innovation holds a 67.2% global market share in panoramic cameras, expected to rise to 81.7% by 2024, indicating a dominant position in the market [15]. - The company has established a global operational system, with products available in over 200 countries and regions, and partnerships with major retailers like Apple Store and Best Buy [12]. Group 5: Future Prospects - The funds raised from the IPO will be directed towards the construction of a smart imaging device production base and a research center in Shenzhen, focusing on advanced technologies such as optical imaging and AI [17]. - The global market for handheld smart imaging devices is projected to exceed 60 billion yuan in the next five years, presenting significant growth opportunities for YingShi Innovation [18].
影石创新正式登陆科创板，总市值超700亿元