Earnings nearly six-fold: the shareholding value of Junwan Hongyi, a subsidiary of Yushu Technology Angel investor Yin Fangming, once reached 12.292 billion yuan, and now a profit of 9.876 billion yuan; Yin Fangming's personal book return has reached 819 times

Comparing news, according to information, Yin Fangming, an angel investor of Yushu Technology, acquired 15% of Yushu Technology's shares with an investment of 2 million yuan in August 2016, and the post-investment valuation was only 13 million yuan. After many subsequent rounds of financing dilution, as of before the IPO, Jun Wan Hongyi, controlled by Yin Fangming, held 11.1749 million shares, with a shareholding ratio of about 2.76%, and was the tenth largest shareholder of Yushu Technology. Based on the issuance market value of 61 billion yuan, the market value of the shares held is about 1,685 billion yuan; currently, Yin Fangming still holds about 16.62% of Junwan Hongyi's share.

As Yushu Technology landed on the Science and Technology Innovation Board today and its stock price once broke through to 1100 yuan, the market value of Junwan Hongyi's shares once rose to 12,292 billion yuan; currently, the stock price of Yushu Technology is tentatively reported at 884 yuan, and the holding value of Junwan Hongyi's shares is still as high as 9.878 billion yuan, and the floating profit ratio is as high as 4938 times; compared to 840 times the market value at the time of issuance, the profit has once again increased nearly 6 times. The penetrating market value corresponding to Yin Fangming's remaining personal equity is about 1,638 billion yuan. Taking into account only this portion of equity and the disclosed equity transfer income of 1,310,600 yuan in 2018, the book return on Yin Fangming's 2 million yuan angel investment has exceeded 819 times.