Tomorrow (11 June 2025), Arashi Vision (影石创新), the maker of Insta360 cameras, will start trading on the Science and Technology Innovation Board (科创板) of the Shanghai Stock Exchange.

The IPO share price is RMB 47.27, implying market capitalization of RMB 19 billion and FY2024 P/E ratio of 19x.

Listed Chinese companies in the same sector (i.e. makers of electronic gadgets) are trading at FY2024 P/E of 38x.

This is a big day for China Merchants China Direct Investments (CMCDI, 133 HK). As at 31 March 2025, Arashi accounted for 4.1% of the total assets of CMCDI.

Contact us:

💬 WeChat: ASM_Argyle

💬 WhatsApp: +852 6317 6371

🖥️ UnlockValueChinaMerchants.com

📧 ChinaMerchants@asmhk.com


明天(2025年6月11日),Insta360相机制造商影石创新(Arashi Vision)将在上海证券交易所的科创板上市交易

此次IPO的发行价为人民币47.27元/股,对应公司市值约为人民币190亿元,以及2024财年的市盈率(P/E)为19倍。

同一行业(即电子产品制造商)的上市公司目前以2024财年的市盈率38倍交易。

这对招商局中国基金(133)来说是个重要的日子。截至2025年3月31日,影石创新占中国基金总资产的4.1%。

💬 WeChat: ASM_Argyle

💬 WhatsApp: +852 6317 6371

🖥️ UnlockValueChinaMerchants.com

📧 ChinaMerchants@asmhk.com

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