Company Overview - YingShi Innovation has initiated its public offering, with a total share capital of 360 million shares before the issuance and plans to issue 41 million shares, accounting for 10.22% of the post-issue total share capital [1] - The company focuses on the research, production, and sales of smart imaging devices such as panoramic cameras and action cameras [1] IPO Details - The subscription code for the public offering is 787775, with a subscription price set at 47.27 yuan per share and an issuance price-to-earnings ratio of 20.04 times [1] - The maximum subscription limit for a single account is 6,500 shares, requiring a minimum market value of 65,000 yuan in the Shanghai stock market for top-tier subscriptions [1] - The online issuance quantity is 6.56 million shares, with the total issuance quantity being 41 million shares [1] - The announcement of the winning numbers and payment date is scheduled for June 4, 2025 [1] Fundraising Allocation - The company plans to allocate 195.43 million yuan for the construction of a smart imaging device production base [1] - An additional 268.34 million yuan is designated for the establishment of a research and development center in Shenzhen [1] Financial Performance - Total assets for 2024 are reported at 502,081.23 million yuan, a significant increase from 304,651.82 million yuan in 2023 and 198,008.31 million yuan in 2022 [2] - Net assets have risen to 318,107.45 million yuan in 2024 from 218,580.99 million yuan in 2023 and 136,961.29 million yuan in 2022 [2] - Operating revenue for 2024 is 557,412.56 million yuan, up from 363,639.23 million yuan in 2023 and 204,113.36 million yuan in 2022 [2] - The net profit attributable to shareholders of the parent company for 2024 is 99,474.91 million yuan, compared to 82,957.51 million yuan in 2023 and 40,733.40 million yuan in 2022 [2] - Basic earnings per share for 2024 stand at 2.76 yuan, an increase from 2.30 yuan in 2023 and 1.13 yuan in 2022 [2] Research and Development - Research and development expenses for 2024 amount to 77,658.91 million yuan, compared to 44,768.03 million yuan in 2023 and 25,601.32 million yuan in 2022 [3] - The ratio of research and development expenses to operating revenue is 13.93% for 2024, up from 12.31% in 2023 and 12.54% in 2022 [3]

Core Viewpoint - The article discusses the upcoming IPOs of three companies in the A-share market, highlighting their business focus, pricing, and market potential. Group 1: Upcoming IPOs - Three new stocks will be available for subscription in the A-share market from May 26 to May 30, including Youyou Green Energy, Jiao Da Tie Fa, and Ying Shi Innovation [1] - Youyou Green Energy has an issue price of 89.6 yuan per share, making it the second highest IPO price in the A-share market this year [1] - Jiao Da Tie Fa will be available for subscription at 8.81 yuan per share, while Ying Shi Innovation's issue price has not yet been announced [1][4] Group 2: Youyou Green Energy - Youyou Green Energy specializes in the R&D, production, and sales of core components for DC charging equipment for electric vehicles, with products ranging from 15KW to 40KW charging modules [2] - The company holds a market share of 10.58% in the domestic charging module market, with a domestic sales volume of 76.9 billion watts [3] - Projected revenues for Youyou Green Energy are 988 million yuan, 1.376 billion yuan, and 1.497 billion yuan for the years 2022 to 2024, with net profits of 196 million yuan, 268 million yuan, and 256 million yuan respectively [3] Group 3: Jiao Da Tie Fa - Jiao Da Tie Fa focuses on the R&D, production, and sales of intelligent products and equipment for rail transit, with a strong emphasis on safety [4] - The company’s projected revenues are 235 million yuan, 273 million yuan, and 335 million yuan for the years 2022 to 2024, with net profits of 34 million yuan, 48 million yuan, and 53 million yuan respectively [5] Group 4: Ying Shi Innovation - Ying Shi Innovation is a global provider of intelligent imaging devices, specializing in panoramic and action cameras, with a focus on advanced imaging solutions [6] - The company expects revenues of 2.041 billion yuan, 3.636 billion yuan, and 5.574 billion yuan for the years 2022 to 2024, with net profits of 407 million yuan, 830 million yuan, and 995 million yuan respectively [7] - The company plans to use the funds raised for the construction of a production base and a research and development center [8]