关于影石创新科技股份有限公司 2025 年限制性股票激励计划调整及首次授予事 项的法律意见 深圳市福田区金田路 4018 号安联大厦 B 座 11 楼 电话:0755-88286488 传真:0755-8828649999 邮编:100033 北京德恒（深圳）律师事务所 德恒 06G20250282-00004 号 致：影石创新科技股份有限公司 北京德恒（深圳）律师事务所（以下简称"本所"或"德恒"）接受影石创新科 技股份有限公司（以下简称"公司"或"影石创新"）的委托，作为公司 2025 年限 制性股票激励计划项目（以下简称"本次激励计划"）的法律顾问。现本所律师根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）及中国证券监督管理委员会（以下简称"中国 证监会"）发布的《上市公司股权激励管理办法》（以下简称"《股权激励管理办 法》"）、《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）、 《科创板上市公司自律监管指南第 4 号——股权激励信息披露》（以下简称"《指 南 4 号》"）等法律、法规、规章及规范性文件的有关规定，并结合《影石 ...

影石创新科技股份有限公司（以下简称"公司"）第二届董事会第十七次会 议于 2025 年 10 月 20 日下午 16:00 在公司会议室以现场及通讯方式召开。本次 会议通知于 2025 年 10 月 15 日以电子邮件形式送达全体董事。 本次会议由董事长刘靖康先生主持，会议应参加表决的董事 9 名，实际参加 表决的董事 9 名。本次会议的召集、召开程序符合《中华人民共和国公司法》（以 下简称"《公司法》"）等法律法规以及《影石创新科技股份有限公司章程》（以 下简称"《公司章程》"）的相关规定，会议决议合法、有效。 二、董事会会议审议情况 （一）审议通过《关于调整公司 2025 年限制性股票激励计划相关事项的议 案》 鉴于公司 2025 年限制性股票激励计划（以下简称"本激励计划"）首次授 予激励对象中，有 19 名拟激励对象因个人原因自愿放弃参与本激励计划，根据 公司《2025 年限制性股票激励计划（草案）》及 2025 年第二次临时股东会的相 关授权，董事会对本激励计划首次授予的激励对象及各激励对象获授限制性股票 数量进行调整。部分放弃的份额在首次授予激励对象中重新进行分配，经最终确 认，本激励计划首次授予 ...

Group 1 - The core point of the article highlights the fundraising activities of companies listed on the STAR Market, with a total of 10 companies raising 16.736 billion yuan this year, averaging 1.674 billion yuan per company [1][2] - Xi'an Yicai leads in fundraising with 4.636 billion yuan, primarily for the second phase of its silicon industry base project [1] - He Yuan Bio follows with 2.599 billion yuan raised for the construction of a plant-based recombinant human serum albumin production base and other projects [1] Group 2 - The average initial offering price of STAR Market stocks this year is 20.76 yuan, with the highest being 47.27 yuan for Ying Shi Innovation [1][2] - The issuance price of Xi'an Yicai and Yitang shares is relatively low at 8.62 yuan and 8.45 yuan respectively [1] - The issued price-earnings ratios range from 6.14 to 51.55, with an average of 30.03 and a median of 26.35 [2] Group 3 - The majority of the newly issued STAR Market companies are concentrated in Jiangsu, Hubei, and Guangdong provinces, each with two companies [2] - The top fundraising regions are Shaanxi, Hubei, and Guangdong, with amounts of 4.636 billion yuan, 3.767 billion yuan, and 3.538 billion yuan respectively [2] - Two companies have issuance price-earnings ratios above the industry average, while five companies are below it [2]

Core Viewpoint - The recent comments by Liu Jingkang, founder and chairman of Insta360, regarding DJI's price cuts have sparked significant attention in the tech and capital markets, leading to a public relations crisis for both companies [1][2]. Group 1: Company Actions and Reactions - Liu Jingkang acknowledged the controversy surrounding his previous comments and promised to provide compensation to customers who purchased DJI products during a specific period [1][2]. - DJI announced substantial price reductions on several products, with discounts exceeding 1,000 yuan, as part of a regular promotional strategy for the upcoming Double Eleven shopping festival [5][14]. - Liu's social media post has garnered over 12,000 shares, 4,000 comments, and 3,000 likes, indicating rising public interest [3]. Group 2: Competitive Landscape - Insta360 holds a 67.2% market share in the consumer-grade panoramic camera sector, maintaining its position as the global leader for six consecutive years, while DJI dominates the consumer drone market with over 70% market share [6][10]. - Both companies have recently launched products targeting each other's core markets, with Insta360 releasing its first consumer-grade panoramic drone, the Antigravity A1, and DJI launching its Osmo 360 panoramic camera shortly after [10][14]. Group 3: Financial Performance and Market Challenges - Insta360's financial data reveals a growth anxiety, with a 51.17% increase in revenue to 3.671 billion yuan in the first half of 2025, but only a 0.25% increase in net profit, indicating pressure on profitability [11][13]. - The company's sales and R&D expenses have surged, with sales expenses rising by 75.46% and R&D expenses by 100.35%, outpacing revenue growth [13]. - Inventory levels have increased significantly, with stock nearing 1.5 billion yuan, a 156.87% rise year-on-year, reflecting operational challenges [13][14]. Group 4: Market Dynamics - The global panoramic camera market is estimated at 5.03 billion yuan, while the consumer drone market is approximately 51.1 billion yuan, highlighting the larger growth potential in the drone sector [11][14]. - Insta360's shift towards the drone market is seen as a strategic move to counteract stagnation in the panoramic camera market, which is nearing saturation [14].

Core Insights - The total amount raised by companies on the STAR Market this year has reached 15.136 billion yuan, with an average fundraising of 1.682 billion yuan per company [1][2] - The highest fundraising company is Xian Yicai, which raised 4.636 billion yuan, primarily for its silicon industry base project [1] - The average initial offering price for STAR Market stocks this year is 21.09 yuan, with the highest being 47.27 yuan for Ying Shi Innovation [1][2] Fundraising Overview - A total of 9 companies have issued new shares on the STAR Market this year, with 5 companies raising over 1 billion yuan and 3 companies raising between 500 million to 1 billion yuan [1] - The companies with significant fundraising include: - Xian Yicai: 4.636 billion yuan - He Yuan Biological: 2.599 billion yuan - Yi Tang Co.: 2.497 billion yuan - Ying Shi Innovation: 1.938 billion yuan - Xing Fu Electronics: 1.168 billion yuan [1] Pricing and Valuation - The average issuance price for STAR Market stocks is 21.09 yuan, with the highest price at 47.27 yuan for Ying Shi Innovation and the lowest at 8.45 yuan for Yi Tang Co. [1] - The issuance price-to-earnings (P/E) ratio ranges from 6.14 to 51.55, with an average of 30.03 and a median of 26.35 [2] - Yi Tang Co. has the highest P/E ratio at 51.55, while several companies have P/E ratios below the industry average [2] Regional Distribution - The majority of the companies issued this year are concentrated in Beijing, Jiangsu, and Hubei, with each region having 2 companies [2] - The top fundraising regions are Shaanxi, Hubei, and Beijing, with amounts of 4.636 billion yuan, 3.767 billion yuan, and 3.359 billion yuan respectively [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688775 证券简称：影石创新 公告编号：2025-030 影石创新科技股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证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： ● 本次会议是否有被否决议案：无 一、会议召开和出席情况 （一）股东会召开的时间：2025年10月15日 （二）股东会召开的地点：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T1栋23 楼08号会议室 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其持有表决权数量的情 况： ■ （四）表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 （一）非累积投票议案 1、议案名称：《关于公司〈2025年限制性股票激励计划（草案）〉及其摘要的议案》 审议结果：通过 表决情况： ■ 2、议案名称：《关于公司〈2025年限制性股票激励计划实施考核管理办法〉的议案》 审议结果：通过 本次股东会采用现场投票和网络投票相结合的方式召开，本次会议董事长刘 ...

证券代码：688775 证券简称：影石创新 公告编号：2025-030 影石创新科技股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 10 月 15 日 （二） 股东会召开的地点：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 T1 栋 23 楼 08 号会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 280 | | --- | --- | | 普通股股东人数 | 280 | | 2、出席会议的股东所持有的表决权数量 | 187,136,879 | | 普通股股东所持有表决权数量 | 187,136,879 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 46.6675 | | 例（%） | | | 普通股股东所持有表决权数量占公 ...

证券代码：688775 证券简称：影石创新 公告编号：2025-031 影石创新科技股份有限公司 关于 2025 年限制性股票激励计划内幕信息知情人 买卖公司股票情况的自查报告 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。 根据《上市公司股权激励管理办法》《上海证券交易所科创板股票上市规则》 《科创板上市公司自律监管指南第 4 号——股权激励信息披露》等法律、法规及 规范性文件的要求，公司针对 2025 年限制性股票激励计划（以下简称"本激励 计划"）采取了充分必要的保密措施，同时对本激励计划内幕信息知情人进行了 登记管理。公司就本激励计划内幕信息知情人在激励计划草案公告前 6 个月内 （即 2024 年 3 月 25 日-2025 年 9 月 24 日，以下简称"自查期间"）买卖公司股 票的情况向中国证券登记结算有限责任公司上海分公司提交了自查申请，具体情 况如下： 一、核查的范围与程序 1、核查对象为本激励计划的内幕信息知情人。 2、本激励计划的内幕信息知情人均已填报《内幕信息知情人登记表》。 3、公司向中国证券登记 ...

北京德恒（深圳）律师事务所 关于影石创新科技股份有限公司 2025 年第二次临时股东会的 法律意见 深圳市福田区金田路 4018 号安联大厦 B 座 11 楼 电话:0755-88286488 传真:0755-88286499 邮编:518026 北京德恒（深圳）律师事务所 关于影石创新科技股份有限公司 2025 年第二次临时股东会的法律意见 北京德恒（深圳）律师事务所 关于影石创新科技股份有限公司 2025 年第二次临时股东会的 法律意见 1 北京德恒（深圳）律师事务所 关于影石创新科技股份有限公司 2025 年第二次临时股东会的法律意见 （四）公司本次会议现场参会股东到会登记记录及凭证资料； 德恒 06G20250282-00003 号 致：影石创新科技股份有限公司 影石创新科技股份有限公司（以下简称"公司"）2025 年第二次临时股东会 （以下简称"本次会议"）于 2025 年 10 月 15 日（星期三）召开。北京德恒（深 圳）律师事务所（以下简称"德恒"）受公司委托，指派徐帅律师、孙静曲律师（以 下简称"德恒律师"）出席了本次会议。根据《中华人民共和国证券法》（以下简 称"《证券法》"）、《中华人民 ...

Core Viewpoint - The company is currently operating normally and is focused on ensuring product supply meets market demand [1] Group 1 - The company is actively managing its production capacity and plans based on market conditions [1] - The company emphasizes the importance of consumer experience and satisfaction [1]