Core Insights - The launch of the Antigravity A1 marks a significant innovation in the drone industry, integrating 360° panoramic imaging, immersive flight perspectives, and intuitive body control into a single system, thus transforming the flying experience and content creation logic [1][13]. Group 1: Product Features - The A1 features Vision flight glasses with a lightweight design of only 340 grams, dual 1-inch Micro-OLED displays, and a continuous usage time of up to 150 minutes, providing a real-space experience rather than a screen-based view [3]. - The Grip controller allows for intuitive "point and fly" operation, supporting two modes of body control, enabling users to fly without needing to learn traditional joystick controls [3]. - The OmniLink 360 panoramic transmission system enables real-time synchronization of the user's view with the flight glasses, with a maximum transmission distance of 10 kilometers under FCC standards, enhancing the immersive flying experience [4]. Group 2: Imaging Capabilities - The A1 is equipped with a dual-lens panoramic imaging system based on a 1/1.28-inch sensor, capable of outputting 8K at 30fps, 5.2K at 60fps, or 4K at 100fps, allowing users to capture the entire environment in one flight without manual adjustments [6]. - FlowState stabilization technology ensures smooth video capture even in windy conditions, allowing for a more reliable recording experience [6]. Group 3: User Experience and Safety - Weighing only 249 grams, the A1 meets regulations for simplified flight in most regions, with a standard battery life of approximately 24 minutes, extendable to about 39 minutes with a long-lasting battery [7]. - The drone includes an intelligent obstacle avoidance system and a load detection system to ensure safe operation, even for first-time users [7]. Group 4: Interactive Features - The A1 enhances user engagement through features like flight path planning, allowing users to set and save routes for automatic flying, and a virtual cockpit function that adds interactive elements to the flight experience [9]. - The drone's intelligent motion control allows for complex camera movements to be executed easily, making professional-quality shots accessible to all users [10]. Group 5: Content Creation Ecosystem - The A1 supports a complete software ecosystem for content creation, including the Antigravity App and Antigravity Studio, enabling users to manage material transfer, intelligent cropping, color processing, and AI editing within a single system [11]. - This integrated approach allows users to produce high-quality content with lower costs, making the A1 not just a flying camera but a comprehensive creative platform [11]. Group 6: Industry Recognition - Since its debut, the A1 has received numerous accolades, including the CES 2026 Innovation Award and recognition from major publications, highlighting its transformative impact on aerial imaging and content creation [13].

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为2,298,431股。 本次股票上市流通总数为2,298,431股。 ● 本次股票上市流通日期为2025年12月11日。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会《关于同意影石创新科技股份有限公司首次公开发行股票注册的批复》 （证监许可〔2025〕356号），并经上海证券交易所同意，影石创新科技股份有限公司（以下简称"公 司"或"影石创新"）首次公开发行人民币普通股（A股）41,000,000股，并于2025年6月11日在上海证券 交易所科创板上市交易。公司首次公开发行股票完成后，总股本为401,000,000股，其中有限售条件流通 股370,498,431股，占公司总股本的92.39%，无限售条件流通股30,501,569股，占公司总股本的7.61%。 本次上市流通的限售股为公司首次公开发行网下配售限售股，股份数量为2,298, ...

Investment Rating - The report assigns a "Buy" rating to the company with a current price of 285.55 RMB and a fair value of 395.42 RMB [3]. Core Insights - The consumer drone market is expected to reach a trillion RMB scale by 2035, driven by the growth in outdoor tourism and the explosion of short video content creation [7][18]. - The company differentiates itself in the competitive drone market by focusing on "panoramic photography, immersive operation, and flexible creation," which enhances user experience and creativity [7][26]. - The company's future product line is expected to expand significantly, covering various applications and integrating advanced technologies [7][26]. - The projected growth rates for the company's net profit from 2025 to 2027 are 32.8%, 70.3%, and 45.3% respectively, justifying the "Buy" rating based on the scarcity of panoramic technology and market expansion potential [7][26]. Summary by Sections 1. Understanding Drone Market Growth Logic - The consumer drone market is expanding rapidly, with sales increasing from low millions to nearly ten million units between 2015 and 2020, driven by the need for aerial perspectives at affordable prices [12][13]. - The report outlines a framework for market growth, emphasizing the importance of addressing high-frequency pain points and providing clear product pricing and positioning [12][13]. 2. Panoramic Drone Application Scenarios - Panoramic drones are efficient content production tools that capture complete spatial images in one flight, significantly reducing operational costs and time [26][28]. - The report highlights various application scenarios, including public services, healthcare, logistics, and content creation, showcasing the versatility of panoramic drones [36][37]. 3. Core Technology Differentiation Analysis - The company's Antigravity A1 drone features innovative technology that allows for "fly first, frame later" functionality, integrating panoramic photography with AI capabilities [47][48]. - Key technological advantages include seamless collaboration between flight control and user interface, advanced obstacle avoidance, and the ability to produce high-quality panoramic images without the drone appearing in the frame [49][50]. 4. Profit Forecast and Investment Recommendations - The company is projected to achieve significant revenue growth, with expected revenues of 8.679 billion RMB in 2025 and 15.318 billion RMB in 2026, reflecting a growth rate of 55.7% and 76.5% respectively [2]. - The report suggests a PEG valuation of 1 for the company in 2026, supporting the fair value estimate of 395.42 RMB per share [7][26].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688775 证券简称：影石创新 公告编号：2025-040 影石创新科技股份有限公司 关于首次公开发行网下配售限售股份上市流通的公告 重要内容提示： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 2,298,431股。 本次股票上市流通总数为2,298,431股。 本次股票上市流通日期为2025 年 12 月 11 日。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会《关于同意影石创新科技股份有限公司首次公 开发行股票注册的批复》（证监许可〔2025〕356 号），并经上海证券交易所同意， 影石创新科技股份有限公司（以下简称"公司"或"影石创新"）首次公开发行人 民币普通股（A 股）41,000,000 股，并于 2025 年 6 月 11 日在上海证券交易所科创 板上市交易。公司首次公开发行股票完成后，总股本为 401,000,000 股，其中有限 售条件流通股 370,498,431 股，占公司总股本的 92.39%，无限售条件流通 ...

中信证券股份有限公司 关于影石创新科技股份有限公司 首次公开发行网下配售限售股份上市流通 的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为影石创 新科技股份有限公司（以下简称"影石创新"或"公司"）首次公开发行股票和 持续督导工作的保荐人，根据《证券发行上市保荐业务管理办法》《上海证券交 易所科创板股票上市规则》等相关规定，就影石创新首次公开发行网下配售限售 股份上市流通的事项进行了核查，具体情况如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会《关于同意影石创新科技股份有限公司首次公 开发行股票注册的批复》（证监许可〔2025〕356 号），并经上海证券交易所同意， 影石创新首次公开发行人民币普通股（A 股）41,000,000 股，并于 2025 年 6 月 11 日在上海证券交易所科创板上市交易。公司首次公开发行股票完成后，总股 本为 401,000,000 股，其中有限售条件流通股 370,498,431 股，占公司总股本的 92.39%，无限售条件流通股 30,501,569 股，占公司总股本的 7.61%。 本次上市流通的限售股为公司首次公开发行网下配售限售股 ...

Group 1 - The core announcement is that Yingstone Innovation has scheduled the launch of its Yingling panoramic drone for December 4 at 19:30, with the product available for purchase at 20:00 [2] - The company has already provided pre-order links through platforms such as JD.com, Tmall, and offline specialty stores [2] - Specific details regarding pricing and product specifications have not yet been disclosed, and stakeholders are encouraged to monitor the company's updates for the latest information [2]

Core Viewpoint - The company is set to officially launch its first panoramic photography drone, the Yingling drone, on December 4 at 19:30, with sales starting at 20:00 [1] Group 1 - Investors have inquired about the release date and pricing of the Yingling drone, which has been in development for five years [1] - The company has announced that the drone will be available for pre-order through platforms such as JD.com, Tmall, and offline specialty stores [1] - Specific details regarding the price and product specifications have not yet been disclosed, and the company advises stakeholders to stay updated for further information [1]

机构持仓方面，截止2025年9月30日，影石创新十大流通股东中，博时科创板三年定开混合（506005） 位居第五大流通股东，持股26.26万股，为新进股东。富国消费主题混合A（519915）位居第九大流通股 东，持股14.42万股，为新进股东。富国价值创造混合A（011099）位居第十大流通股东，持股13.92万 股，为新进股东。博时汇兴回报一年持有期混合（011056）、摩根新兴动力混合A类（377240）、摩根 远见两年持有期混合（010610）、富国新兴产业股票A（001048）、招商优势企业混合A（217021）、 信澳品质回报6个月持有混合（012389）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，影石创新科技股份有限公司位于广东省深圳市宝安区新安街道海旺社区兴业路1100号金利通 金融中心大厦2栋1101,1102,1103，成立日期2015年7月9日，上市日期2025年6月11日，公司主营业务涉 及全景相机、运动相机等智能影像设备的研发、生产和销售。主营业务收入构成为：消费级智能影像设 备86.06%，配件及其他产品12.63%，其他(补充)1.01%，专业级智能影像设备0.30%。 ...

Core Viewpoint - YingShi Innovation is set to launch its panoramic drone "YingLing Antigravity A1" at a high-altitude event on December 4, 2023, which has garnered significant market attention [1] Group 1: Product Launch - The Antigravity A1 drone features two forward obstacle avoidance lenses and two panoramic fisheye lenses, utilizing YingShi's Insta360 panoramic stitching technology, with a total weight of 249 grams [1] - The launch event will take place at an altitude of 1500 meters, highlighting the innovative capabilities of the product [1] Group 2: Space Exploration Involvement - YingShi Innovation will participate as a core supporter in the "Lunar Exploration Micro-Robot Development Project," providing camera products and technical support [1] - This project is a collaboration between XingAo Media and YingShi Innovation, aimed at enhancing academic and research capabilities at Zhejiang University [1] Group 3: Market Reaction - Following the announcements, YingShi Innovation's stock opened with a 5.23% increase on November 27, ultimately closing up 8.94%, with a total trading volume of 39,400 shares and a turnover of 1.11 billion yuan [2] - From November 24 to 28, the stock experienced a five-day consecutive rise, with an 18% weekly increase, adding approximately 16.8 billion yuan to its market capitalization [2]

Core Viewpoint - The company Yingstone Innovation is set to launch its new panoramic drone "Yingling Antigravity A1" on December 4, 2025, at an altitude of 1500 meters, which has garnered significant market attention [1][2]. Group 1: Product Launch and Features - The Antigravity A1 drone is equipped with two forward obstacle avoidance lenses and two panoramic fisheye lenses, utilizing Yingstone's Insta360 panoramic stitching technology, with a total weight of 249 grams [1]. - The company plans to participate in a lunar exploration project, providing camera products and technical support, which is expected to enhance its involvement in aerospace-related initiatives [2]. Group 2: Market Reaction and Financial Performance - Following the announcement of the high-altitude launch and lunar project, Yingstone Innovation's stock price opened with a 5.23% increase on November 27, ultimately closing up 8.94%, with a total trading volume of 39,400 shares and a turnover of 1.11 billion yuan [3]. - From November 24 to 28, the stock experienced a continuous rise over five days, with an 18% weekly increase, adding approximately 16.8 billion yuan to its market capitalization, which reached 114.2 billion yuan by the end of the trading period [3][4].