Core Insights - Shenzhen is celebrating its 45th anniversary as a Special Economic Zone, showcasing a unique blend of "time" and "efficiency" that has defined its development [1] - The entrepreneurial stories from Bao'an District highlight the resilience and innovation that characterize the "Shenzhen spirit" [2][3] Company Highlights - Jinzhong Times Co., Ltd. has emerged as a global leader in the supercapacitor sector, breaking free from foreign monopolies and achieving the top position in its niche market [3][4] - Yingshi Innovation Technology Co., Ltd. has redefined industry standards with its lightweight 360° immersive panoramic cameras, earning the title of "new consumption champion" and successfully listing on the Science and Technology Innovation Board [3][5] - Both companies exemplify the entrepreneurial spirit of Bao'an, focusing on innovation and market leadership [4][6] Entrepreneurial Paths - Jinzhong Times focuses on internal development to address the anxiety of "whether there is" a product, while Yingshi Innovation seeks to explore the quality of products, aiming to redefine the future [4] - The journey of Jinzhong Times began with a commitment to self-reliance after facing challenges in the import market, leading to significant technological advancements and market leadership [5][6] - Yingshi Innovation's rise is marked by its innovative approach to immersive video technology, achieving significant market share in both professional and consumer segments [7] Industry Environment - Bao'an District provides a conducive business environment characterized by high efficiency and strong supply chain resources, which are crucial for the growth of companies like Jinzhong Times and Yingshi Innovation [8][10] - The region boasts a dense network of high-tech enterprises, with 7,397 national high-tech companies, significantly enhancing collaboration and operational efficiency [9] Supportive Ecosystem - Bao'an's proactive service model offers tailored support for businesses at various stages, facilitating connections within the industry and enhancing growth opportunities [10][11] - The district has established a systematic innovation nurturing framework, enabling startups to transition into established enterprises through targeted policies and support [11][12] Conclusion - The evolution of Shenzhen, particularly in Bao'an, reflects a new "Shenzhen time" that combines resilience with agility, embodying a spirit of innovation and entrepreneurship that is essential for its continued vitality [12]

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].