融资方面，影石创新当日融资买入4658.62万元。当前融资余额7.27亿元，占流通市值的9.01%。 1月21日，影石创新涨3.01%，成交额6.31亿元。两融数据显示，当日影石创新获融资买入额4658.62万 元，融资偿还6826.88万元，融资净买入-2168.25万元。截至1月21日，影石创新融资融券余额合计7.27 亿元。 截至9月30日，影石创新股东户数2.31万，较上期增加36.16%；人均流通股1318股，较上期减少 26.56%。2025年1月-9月，影石创新实现营业收入66.11亿元；归母净利润7.92亿元，同比减少5.95%。 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 ...

（文章来源：证券日报） 证券日报网讯 1月20日，影石创新在互动平台回答投资者提问时表示，公司董事会秘书为公司投资者关 系管理负责人，全面负责公司投资者关系管理工作，其在职责履行中始终秉承着勤勉尽责的原则，持续 深化对公司运作和管理、经营状况、发展战略等内容的理解，并有序策划、安排和组织各类投资者关系 管理活动，确保沟通渠道顺畅、信息披露合规。公司董事会秘书和证券事务代表均具备履行其职责所需 的专业知识、工作经验以及相关素质，能够胜任相关岗位职责的要求，其任职符合《公司法》《上海证 券交易所科创板股票上市规则》等相关法律法规和规范性文件的规定。自任职以来，董事会秘书与证券 事务代表在各自岗位上均展现出高度的专业性与责任感，公司对团队的整体履职能力充满信心。 ...

Core Viewpoint - The company, Ying Shi Innovation, experienced a decline in stock price by 1.95% on January 19, with a trading volume of 356 million yuan, indicating market volatility and investor sentiment towards the stock [1]. Financing Summary - On January 19, Ying Shi Innovation had a financing buy-in amount of 56.24 million yuan, with a net financing purchase of 17.27 million yuan after repayments of 38.97 million yuan [1]. - The total financing and margin trading balance for Ying Shi Innovation reached 759 million yuan, accounting for 9.55% of its market capitalization [1]. - There were no shares sold or repaid in the margin trading segment on the same day, indicating a lack of short-selling activity [1]. Company Profile - Ying Shi Innovation Technology Co., Ltd. is located in Bao'an District, Shenzhen, Guangdong Province, and was established on July 9, 2015, with its listing date set for June 11, 2025 [1]. - The company's main business involves the research, production, and sales of smart imaging devices, including panoramic cameras and action cameras [1]. - The revenue composition of the company is as follows: 86.06% from consumer-grade smart imaging devices, 12.63% from accessories and other products, 1.01% from other sources, and 0.30% from professional-grade smart imaging devices [1]. Shareholder Information - As of September 30, the number of shareholders for Ying Shi Innovation increased to 23,100, a rise of 36.16% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 26.56% to 1,318 shares [2]. - The company reported a revenue of 6.611 billion yuan and a net profit attributable to shareholders of 792 million yuan for the period from January to September 2025, reflecting a year-on-year decrease of 5.95% in net profit [2]. Institutional Holdings - As of September 30, among the top ten circulating shareholders, several new institutional investors emerged, including Bosera Science and Technology Innovation Mixed Fund, holding 262,600 shares, and others like Fortune Consumer Theme Mixed Fund and Fortune Value Creation Mixed Fund [2]. - Notably, several funds exited the top ten circulating shareholders list, indicating shifts in institutional investment strategies [2].

Summary of Insta360 Conference Call Company Overview - **Company**: Insta360 (688775.SS) - **Industry**: Action and 360 Cameras - **Competitors**: GoPro, DJI - **Founded**: 2015 - **Listed**: June 2025 - **Global Presence**: Offices in China, Los Angeles, Tokyo, and Berlin; partnerships with Apple Store, Best Buy, Costco [2][2] Key Insights 1. Product Development Driven by User Insights - Insta360's product development is focused on user needs, particularly in making 360 drones more accessible for beginners [3][3] - Unique features include: - Night optimization for action cameras, addressing user demand for night shooting [3][3] - AI-driven auto-editing that creates vlogs with music and highlights from raw footage [3][3] - Management believes understanding user behavior is a key strength [3][3] 2. Balancing Profitability and Market Share - Management aims to balance gross margin and market share, avoiding participation in pricing wars despite some price cuts due to new market entrants [4][4] - Concerns about customer dissatisfaction from significant price reductions were noted [4][4] - Positive outlook on growth trajectory in the Action/360 camera market, with significant global market potential [4][7] 3. Managing Memory Pricing Risk - Insta360 uses DDR5 memory and has taken steps to mitigate rising memory costs: - Signed supply agreements with existing suppliers [8][8] - Qualified domestic suppliers for future products while maintaining current supply from existing suppliers [8][8] Market Outlook - Global shipments of Action/360 cameras are projected to reach 270 million units by 2035, with a compound annual growth rate (CAGR) of 19% from 2026 to 2035 [1][1] - Key beneficiaries of this growth include: - Omnivision (CMOS image sensor) - Lingyi (Structural parts) - AAC (Camera and acoustics) [1][1]

Group 1 - The company completed the election of its third board of directors on January 15, 2026, during the first extraordinary shareholders' meeting and the first employee representative meeting of 2026 [1][26] - The third board consists of nine directors, including three independent directors and one employee representative director [1][26] - The term of the third board of directors is three years, starting from the date of approval at the shareholders' meeting [1][26] Group 2 - Liu Jingkang was elected as the chairman of the third board of directors, and various specialized committees were established, including the Strategy Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee [2][3] - The specialized committees will have a term aligned with the third board of directors [2][3] Group 3 - Liu Liang was appointed as the general manager, Li Yang as the board secretary, and Huang Wei as the financial officer, with their terms matching that of the third board [4] - All appointed senior management personnel meet the qualifications required by relevant laws and regulations [4] Group 4 - Qiu Kanghua was appointed as the internal audit head, and Zheng Rui and Wu Weiqiong were appointed as securities representatives, with their terms also aligned with the third board [5][6] - The appointments were approved during the first meeting of the third board of directors [5][6] Group 5 - Three non-independent directors and three independent directors completed their terms and will no longer serve on the board [7] - The company expressed gratitude for the contributions made by the departing directors during their tenure [7]

Group 1 - The company announced the convening of its third board meeting on January 15, 2026, to discuss the appointment of securities representatives [1] - The board approved the appointment of Ms. Zheng Rui and Ms. Wu Wei Qiong as the company's securities representatives [1]

Core Viewpoint - The company announced the appointment of a new internal audit head, which reflects its commitment to governance and oversight [2] Group 1 - On January 15, the company held its third board meeting to discuss the appointment of the internal audit head [2] - The board approved the proposal to appoint Mr. Qiu Kanghua as the internal audit head [2]

Group 1 - The company, Yingstone Innovation, announced the appointment of Ms. Li Yang as the secretary of the board [2]

Group 1 - The core point of the article is the appointment of Ms. Huang Wei as the financial head of Ying Shi Innovation [2] Group 2 - The announcement was made on January 15 [2] - The source of the information is Securities Daily [2]

Group 1 - The core announcement is that Yingstone Innovation has appointed Mr. Liu Liang as the new General Manager of the company [1]