以下文章来源于投资界 ，作者杨继云 王露 投资界 . 清科创业旗下创业与投资资讯平台 文 ｜ 杨继云 王露 来源｜ 投资界 （ID： pedaily2012 ） 封面来源 ｜ 视觉中国 "上市就像结婚领证，意味着以后要承担更多义务了。"两个月前，影石创新深圳总部，刘靖康（JK）向投资界一众媒体聊起上市心情，彼时他刚从上交所 科创板敲钟回来。 没想到，此后影石创新一路上涨——最近多个交易日里股价收获"20cm"，市值创下历史新高，突破1200亿元。截至8月18日收盘价达到300元/股，以发行 价47.27元/股来计算，上市2个月来已经暴涨约530%。 终于，这位科创板首位敲钟90后——刘靖康，成为千亿市值公司掌门人。 市值1200亿。 短短十年，从走出校园的学生到掌舵千亿市值，这是以往不敢想象的一幕。然而行至当下，身处中国科技时代，这样的故事正在涌现。 科创板首位90后创始人 坐拥1200亿市值 一个千亿新股诞生。 8月18日，影石创新开盘后股价大幅走高，市值冲破1000亿。稍早几天里，影石官宣全球首款全景无人机"影翎Antigravity A1"，并开启全球公测，随后两 个交易日里股价收获两次"20cm"涨停 ...

Core Viewpoint - YingShi Innovation (688775.SH) officially listed on A-shares on June 11, 2025, becoming the "first stock in smart imaging," with an opening price of 182 CNY per share, a 285% increase from the issue price, and a total market capitalization exceeding 70 billion CNY [1][3]. Group 1: Company Overview - YingShi Innovation was founded in July 2015 by Liu Jingkang, who is also the chairman and the first "post-90s" chairman on the Sci-Tech Innovation Board [4][7]. - The company has completed 8 rounds of investment, with major investors including IDG Capital, Qiming Venture Partners, and CITIC Securities [7]. - As of December 31, 2024, the company had 2,370 employees, with a significant portion (55.44%) aged between 18-29 [7][9]. Group 2: Financial Performance - On its first trading day, YingShi Innovation's stock price reached a high of 187.99 CNY, with a trading volume of 21.29 million shares and a total transaction value of 3.739 billion CNY [3]. - The company raised 1.938 billion CNY through its IPO, ranking third in total fundraising on the Shanghai Stock Exchange in 2025 [3]. - The company reported a revenue per employee of 2.352 million CNY and a profit per employee of 419,700 CNY for 2024 [10]. Group 3: Market Position - YingShi Innovation's market capitalization reached 71 billion CNY by the end of its first trading day, indicating strong investor interest and market confidence [1][3]. - The company's price-to-earnings (PE) ratio (TTM) is 71.68, with an estimated PE ratio of 59.44 [3].

Core Viewpoint - The rise of the post-90s generation in China's technology innovation landscape is exemplified by the successful IPO of YingShi Innovation, marking a significant milestone in the industry [1][3][15]. Company Overview - YingShi Innovation, known as the "first stock of smart imaging," went public with an IPO price of 47.27 yuan per share, raising 1.938 billion yuan and achieving a market capitalization exceeding 70 billion yuan at opening, with a surge of 285% [1][2]. - The company has maintained a leading position in the global panoramic camera market, holding a market share of 67.2% in 2023, and has shown impressive revenue growth with a compound annual growth rate of 65.25% from 2022 to 2024 [7][8]. Founder Background - Liu Jingkang, the 34-year-old founder, has a background in software engineering and has been a technology enthusiast since childhood. He co-founded YingShi Innovation after recognizing the potential in the panoramic camera industry [2][3][4]. - The company was established in 2015, and Liu led the team through challenging early stages, emphasizing the importance of product quality and innovation [4][5]. Product Development - YingShi Innovation's product line includes various models of panoramic cameras, professional VR cameras, and action cameras, with a rapid product iteration cycle [7]. - The company successfully launched its first consumer-grade panoramic camera, Nano, in 2016, which quickly gained popularity in the market [5][6]. Financial Performance - The company's financials show significant growth, with projected revenues of 20.41 billion yuan in 2022, 36.36 billion yuan in 2023, and 55.74 billion yuan in 2024 [7][8]. - YingShi's overseas sales have also been substantial, contributing to 79.43% of revenue in 2022, 80.83% in 2023, and 76.35% in 2024, indicating a strong international market presence [9]. Investment Journey - The company has attracted significant investment from notable firms such as IDG Capital and Qiming Venture Partners, with IDG holding over 13% of shares prior to the IPO [10][13]. - The investment journey began in 2015, with early funding rounds that helped transition the company from software to hardware, a pivotal move for its growth [12]. Industry Significance - The IPO of YingShi Innovation is seen as a rare and valuable event in the A-share market, symbolizing the emergence of a new generation of entrepreneurs in China's tech sector [13][14]. - The article highlights a broader trend of young founders in China, who are increasingly focused on technology and innovation, contrasting with previous generations that emphasized sales and business operations [19][20].