Research and development investment over the past three years has exceeded 1.4 billion yuan, Yingshi Innovation launches its IPO.

On May 21st, Ying Shi Innovation released its prospectus, officially launching its IPO process. According to Frost & Sullivan data, as of 2023, Ying Shi Innovation has been the global leader in the market share of panoramic cameras for six consecutive years, with a projected market share of 81.7% in 2024. As a leading global intelligent imaging device company, Ying Shi Innovation has built its core competitiveness through strong technological research and development capabilities, with continuous increases in R&D investment. From 2022 to 2024, Ying Shi Innovation's R&D expenses were 256 million yuan, 448 million yuan, and 777 million yuan respectively, totaling 1.48 billion yuan, accounting for over 13% of revenue. The size of the R&D team has increased from 514 to 1367 members, accounting for 57.68% of the total number of employees. According to public data, the company has been granted 900 patents, including 189 invention patents, covering core technologies such as panoramic stitching, AI image processing, and stabilization algorithms. Ying Shi Innovation has widely applied AI technology in products such as action cameras, cameras, and mobile stabilizers, including more intelligent shooting modes, automated editing, and real-time image optimization.