Core Viewpoint - The stock price of Yingstone Innovation has decreased by 4.99 yuan to 175.29 yuan, indicating market volatility and investor sentiment towards the company's recent developments [1] Company Overview - Yingstone Innovation is a technology company focused on smart imaging devices, with main products including panoramic cameras and action cameras [1] - The company has recently partnered with a third party to launch a consumer-grade drone brand "Yingling Antigravity," aiming to introduce the world's first panoramic drone [1] Market Competition - DJI has released its first panoramic camera, Osmo360 8K, with a starting price of 2999 yuan, which is currently out of stock on DJI's official website [1] - The founder of Yingstone Innovation, Liu Jingkang, stated that the company's entry into the drone market is based on mission vision, customer demand, and capability enhancement, believing that competition with DJI will invigorate market activity [1]

证券之星消息，7月30日消费电子板块较上一交易日上涨1.69%，电连技术领涨。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。消费电子板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300679 电连技术 | | 1.27亿 | 10.64% | -1.18 Z | -9.87% | -910.02万 | -0.76% | | 300735 光弘科技 | | 1.00亿 | 10.39% | 3202.29万 | 3.31% | -1.32 Z | -13.71% | | 300322 硕贝德 | | 5486.86万 | 2.29% | 923.54万 | 0.38% | -6410.40万 | -2.67% | | 301285 | 鸿日达 | 5168.80万 | 6.91% | -1601.69万 | -2.14% | -3567.1 ...

Core Viewpoint - The recent stock price movement of Insta360 (影石创新) is closely related to the latest developments in its drone business, particularly the launch of the consumer drone brand Antigravity [1] Company Overview - Insta360, founded in 2015 and headquartered in Shenzhen, specializes in portable action cameras, holding nearly 70% market share in the panoramic camera sector and has been the global leader for six consecutive years [2] - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in June, achieving a market capitalization of 710 billion yuan on its first trading day [2] Drone Business Development - Insta360's entry into the drone market was a decision made five years ago, driven by the company's mission, unmet customer demand, and the potential for business growth [1][5] - The company plans to launch two drone brands, including its own and a third-party collaboration, while actively evaluating investment opportunities in the drone industry [1] - The Antigravity drone, set to begin public testing in August, features 8K panoramic video capabilities and weighs less than 249 grams [1] Market Trends - The global drone market is experiencing rapid growth, projected to reach $36.41 billion in 2024 and grow to $125.91 billion by 2032, with a compound annual growth rate (CAGR) of 17.3% [2] - In China, the civil drone market is expected to grow from 43.51 billion yuan in 2019 to 110.85 billion yuan in 2024, with a forecast of 248.93 billion yuan by 2029 [3] Competitive Landscape - DJI dominates the drone market, holding a 90% share of the U.S. commercial drone market and over 80% globally, while Insta360's move into drones may provoke DJI's entry into the panoramic camera space [3][5] - The competitive dynamics are intensifying as both companies seek to expand into each other's core markets [5]

Group 1 - The core point of the news is the issuance of new stocks in the market, highlighting the fundraising activities of various companies and the overall performance of the IPO market this year [1][2][3] - Youli Intelligent issued 11.203 million shares at a price of 23.99 yuan, raising a total of 269 million yuan [1] - A total of 57 companies have gone public this year, raising a cumulative amount of 58.77 billion yuan, with an average fundraising of 1.031 billion yuan per company [1] Group 2 - Huadian New Energy is the company with the highest fundraising this year, raising 15.801 billion yuan primarily for wind and solar power projects [2] - Other notable companies include Zhongce Rubber, which raised 4.066 billion yuan, and Tianyouwei, which raised 3.740 billion yuan [2] - The average IPO price this year is 23.07 yuan, with four companies having an issuance price above 50 yuan, the highest being Tianyouwei at 93.50 yuan [2] Group 3 - The majority of new stock issuances are concentrated in Jiangsu, Guangdong, and Zhejiang, with fundraising amounts led by Fujian, Zhejiang, and Guangdong [2] - The Shanghai main board has issued 14 new stocks raising 31.05 billion yuan, while the Shenzhen main board has issued 8 new stocks raising 4.378 billion yuan [1] - The ChiNext board has issued 21 new stocks raising 12.957 billion yuan, and the Sci-Tech Innovation Board has issued 7 new stocks raising 7.901 billion yuan [1]

Market Performance - The Sci-Tech Innovation Board (STAR Market) index rose by 1.45%, closing at 1070.45 points, with a total trading volume of 4.624 billion shares and a turnover of 169.307 billion yuan, resulting in an average turnover rate of 2.55% [1] - Among the tradable stocks on the STAR Market, 413 stocks closed higher, with 11 stocks rising over 10%, including Dongxin Co., Fangbang Co., and Hexin Instruments, which hit the daily limit [1] - The turnover rate distribution shows that 3 stocks had a turnover rate exceeding 20%, 23 stocks between 10% and 20%, 82 stocks between 5% and 10%, 141 stocks between 3% and 5%, 280 stocks between 1% and 3%, and 60 stocks with a turnover rate below 1% [1] High Turnover Stocks - The stock with the highest turnover rate was Dekeli, which closed up 15.66% with a turnover rate of 26.69% and a trading volume of 1.486 billion yuan [1] - Tiancheng Technology followed with a 12.32% increase and a turnover rate of 24.20%, with a trading volume of 666 million yuan [1] - Other notable stocks with high turnover rates include Yingstone Innovation, Jinchengzi, and Xinyuren, with turnover rates of 21.21%, 19.87%, and 18.37% respectively [1] Sector Analysis - Among stocks with a turnover rate exceeding 5%, 89 stocks rose today, with the highest increases from Dongxin Co. (20.01%), Fangbang Co. (20.00%), and Nanxin Pharmaceutical (17.01%) [2] - The electronics sector had the most stocks with high turnover rates, totaling 31, followed by the pharmaceutical and biotechnology sectors with 29 stocks, and the computer sector with 13 stocks [2] Fund Flow - In terms of fund flow, 57 stocks with high turnover rates saw net inflows from main funds, with significant inflows into Chengdu Xiandai, Shijia Photon, and Yingstone Innovation, amounting to 157 million yuan, 134 million yuan, and 122 million yuan respectively [2] - Conversely, stocks with the largest net outflows included Shangwei New Materials, Huafeng Technology, and Fudan Microelectronics, with outflows of 214 million yuan, 179 million yuan, and 126 million yuan respectively [2] Leverage Fund Movements - A total of 68 stocks with high turnover rates received net purchases from leveraged funds, with notable increases in financing balances for Tiejian Heavy Industry, Shangwei New Materials, and Electric Wind Power, which increased by 450 million yuan, 286 million yuan, and 196 million yuan respectively [2] - Stocks with the largest decreases in financing balances included Huicheng Co., Fudan Microelectronics, and Youfang Technology, with reductions of 81.6152 million yuan, 80.2691 million yuan, and 75.8646 million yuan respectively [2]

本报讯 （记者李昱丞）7月28日，影石创新科技股份有限公司（以下简称"影石创新"）消费级无人机品 牌"影翎Antigravity"及品牌标识官宣亮相，计划推出全新品类——全球首款"全景无人机"，引发行业关 注，消费级航拍无人机市场或将迎来颠覆性飞行体验。 根据"影翎Antigravity"品牌官网公布的信息，其首款"全景无人机"可拍摄8K全景视频，机身重量小于 249g，产品形态将于8月份亮相。"影翎Antigravity"相关负责人表示："我们的终极梦想是创造一个全新 的无人机品类和市场。" 据悉，"影翎Antigravity"这款无人机是为普通用户提供飞行乐趣和拍摄使用。它能捕捉到更丰富和酷炫 的画面，同时又能大幅降低用户在构图、运镜和操控体验上的难度，拉平专业飞手与小白用户之间的差 距。 相关负责人表示，未来"影翎Antigravity"会以用户为中心，以开放的心态和用户共创产品和创意玩法， 探索新品类的更多可能性，产品将于8月开启公测招募。 （编辑 郭之宸） ...

金融界消息 截至2025年7月29日收盘，影石创新（688775）报收于174.41元，上涨6.24%，换手率 21.21%，成交量6.47万手，成交金额11.31亿元。 来源：金融界 资金流向方面，今日主力资金净流入1.31亿元，占比成交额11.57%。其中，超大单净流入1.03亿元、占 成交额9.12%，大单净流入2769.27万元、占成交额2.45%，中单净流出流出4745.65万元、占成交额 4.2%，小单净流出8339.36万元、占成交额7.37%。 天眼查商业履历信息显示，影石创新科技股份有限公司，成立于2015年，位于深圳市，是一家以从事软 件和信息技术服务业为主的企业。企业注册资本36000万人民币，实缴资本27101.023万人民币。公司法 定代表人为刘靖康。 通过天眼查大数据分析，影石创新科技股份有限公司共对外投资了11家企业，参与招投标项目96次，知 识产权方面有商标信息84条，专利信息1129条，此外企业还拥有行政许可16个。 影石创新最新一期业绩显示，截至2025一季报，公司营业总收入13.55亿元、同比增长40.70%，归属净 利润1.76亿元，同比减少2.50%，扣非净利润1.6 ...

Core Viewpoint - The company has launched a new drone sub-brand "影翎Antigravity," introducing the world's first 8K drone product, aiming to penetrate the blue ocean market and potentially drive significant revenue growth [1][2]. Group 1: Product Launch and Features - The new brand "影翎Antigravity" aims to lead a "flying revolution" by enhancing user experience through immersive on-site experiences, simplified flight control, and panoramic photography [1]. - The first product is a panoramic drone equipped with an 8K camera, supporting real-time data transmission and adjustable shooting parameters [1][2]. - The company plans to initiate a public testing recruitment program in August, inviting users to co-create features [1]. Group 2: Market Potential and Competitive Landscape - The global aerial drone market reached $7.1 billion in 2023 and is projected to grow to $12.2 billion by 2030, with a compound annual growth rate (CAGR) of approximately 7.6% [2]. - DJI Innovation currently dominates the market with over 70% market share expected in 2024, but the company's innovation capabilities in image algorithms and AI editing may position it as a strong competitor [2]. - The company aims to leverage product innovation to unlock more usage scenarios, potentially leading to substantial revenue growth [2]. Group 3: Innovation and Product Matrix - The company is recognized as an innovation-driven smart imaging device firm, continuously innovating products and functions to meet user shooting demands [3]. - It has established a comprehensive product matrix that includes panoramic cameras, action cameras, and drones, benefiting from the industry's increasing penetration rate [3]. - The company is enhancing market marketing efforts to strengthen user loyalty and brand recognition, indicating significant product and brand barriers [3]. Group 4: Financial Projections - The company forecasts net profits attributable to shareholders of 1.15 billion, 1.69 billion, and 2.43 billion yuan for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (PE) ratios of 57.4X, 39.0X, and 27.1X [3].

从资金流向上来看，当日消费电子板块主力资金净流出16.46亿元，游资资金净流入2.08亿元，散户资金 净流入14.38亿元。消费电子板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600363 | 联创光电 | 55.75 | -3.83% | 19.62万 | | 11.03亿 | | 831167 | 鑫汇科 | 28.84 | -3.22% | 2.83万 | 8195.59万 | | | 688260 | 昀冢科技 | 21.44 | -3.03% | 4.29万 | 9190.20万 | | | 603629 | 利通电子 | 23.74 | -2.22% | 8.73万 | | 2.07亿 | | 871857 | 泓禧科技 | 20.16 | -2.18% | 1.02万 | 2073.52万 | | | 838701 | 豪声电子 | 19.77 | -1.79% | 1.36万 | 2687.22万 | | | 601231 | 环相电 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a projected net profit of 1.15 billion, 1.69 billion, and 2.43 billion yuan for 2025, 2026, and 2027 respectively, corresponding to PE ratios of 57.4X, 39.0X, and 27.1X [3]. Core Viewpoints - The launch of the new drone sub-brand "Yingling Antigravity" is expected to open up a blue ocean market, potentially leading to significant revenue growth for the company [2][3]. - The global aerial drone market is projected to grow from 7.1 billion USD in 2023 to 12.2 billion USD by 2030, with a compound annual growth rate (CAGR) of approximately 7.6% [3]. - The company is positioned to leverage its innovation capabilities and advantages in image algorithms and AI editing to become a strong competitor in the market [3]. Summary by Sections Company Overview - Yingstone Innovation has launched the world's first 8K panoramic drone, aiming to enhance user experience through innovative product features [2]. - The company has a history of product innovation, having previously released a 5.7K external panoramic camera drone [2]. Market Potential - The report highlights the significant growth potential in the drone market, with DJI currently holding over 70% market share but facing competition from Yingstone Innovation's innovative products [3]. - The company is expected to benefit from a comprehensive product matrix that includes panoramic cameras, action cameras, and drones, capitalizing on the increasing penetration of these products in the market [3]. Financial Projections - The total revenue is projected to grow from 3.64 billion yuan in 2023 to 16.46 billion yuan in 2027, with a year-on-year growth rate of 78.2% in 2023 and gradually decreasing to 39.8% by 2027 [5]. - The gross profit margin is expected to remain stable around 51.5% to 56.0% over the forecast period [5].