Company Overview - YingShi Innovation, a leading company in the panoramic camera industry, went public with an initial offering price of 47.27 CNY per share and closed at 177.00 CNY, marking a first-day increase of 271.48% [1] - The company has maintained the largest market share in the global panoramic camera market for six consecutive years, achieving a market share of 67.2% in 2023 [1][2] - YingShi Innovation's revenue surged from 2.041 billion CNY in 2022 to 5.574 billion CNY in 2024, with a compound annual growth rate (CAGR) of 65.25% over the past three years [2] Industry Insights - The global retail market for panoramic cameras is projected to grow from 2.51 billion CNY in 2017 to 7.85 billion CNY by 2027, with a CAGR exceeding 10% [1] - The innovative 360-degree shooting capability of panoramic cameras has sparked a travel trend on social media platforms, particularly highlighted by the launch of the Insta360 X5 camera, which saw significant consumer demand [2] - In 2023, 47 new stocks were listed, with an average first-day increase of nearly 300%, indicating a strong market for new public offerings [3]