Core Insights - YingShi Innovation Technology Co., Ltd. reported significant revenue growth in the first half of 2025, achieving total revenue of 3.671 billion yuan, a 51.17% increase from 2.428 billion yuan in the same period last year, driven by market expansion and new product launches [1] - The company's overseas sales reached 2.630 billion yuan, accounting for 72.38% of its main business revenue, indicating strong competitiveness in international markets, particularly in developed regions like the US, Europe, and Japan [1] - Despite the substantial revenue increase, net profit only slightly rose by 0.25% to 520 million yuan, attributed to strategic investments in research and development [1] Financial Performance - Research and development expenses surged to 562 million yuan, a 100.35% year-on-year increase, representing 15.30% of total revenue, up from 11.55% in the previous year [2] - The number of R&D personnel reached 1,836, making up 56.75% of the total workforce, reflecting the company's commitment to innovation and long-term competitive advantage [2] - The company plans to enter the drone market with its own brand and the YingLing Antigravity panoramic drone, which is currently in the public testing phase, indicating potential for future growth [2] Asset Status - As of the end of the reporting period, total assets amounted to 7.835 billion yuan, a 56.05% increase from the previous year, while net assets attributable to shareholders rose by 71.26% to 5.448 billion yuan, primarily due to funds raised from the IPO and retained earnings [3] - The net cash flow from operating activities was 241 million yuan, showing a decline compared to the previous year, mainly due to increased procurement of raw materials to support expanded sales [3]

根据《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》 《上海证券交易所科创板股票上市规则》等相关规定，结合公司的实际情况，公 司对部分治理制度的相应内容进行了同步制定及修订，具体情况如下： | 序号 | 制度名称 | 变更情况 | 是否需要股 | | --- | --- | --- | --- | | | | | 东会审议 | | 1 | 《信息披露管理办法》 | 修订 | 否 | | 2 | 《内部审计制度》 | 修订 | 否 | | 3 | 《内部控制制度》 | 修订 | 否 | | 4 | 《投资者关系管理制度》 | 修订 | 否 | | 5 | 《内幕信息知情人登记管理制度》 | 修订 | 否 | | 6 | 《防范控股股东及其他关联方占用公 司资金管理制度》 | 修订 | 否 | | 7 | 《子公司管理制度》 | 修订 | 否 | | 8 | 《年报信息披露重大差错责任追究制 度》 | 修订 | 否 | | 9 | 《重大信息内部报告制度》 | 修订 | 否 | | 10 | 《董事、高级管理人员所持公司股份及 其变动管理制度》 | 修订 | 否 | | 11 | 《独立董事专门 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2025, representing a 25% year-over-year growth[1]. - The company's operating revenue for the first half of the year reached ¥3,670,659,266.01, representing a year-on-year increase of 51.17% compared to ¥2,428,157,491.82 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥519,764,776.06, a slight increase of 0.25% from ¥518,456,568.79 in the previous year[19]. - The company achieved total revenue of 367,065.93 million yuan, an increase of 51.17% compared to the same period last year[63]. - Net profit attributable to the parent company was 51,976.48 million yuan, a slight increase of 0.25% year-on-year[63]. - The net cash flow from operating activities decreased by 60.22% to ¥241,122,974.15, down from ¥606,175,262.54 in the same period last year, primarily due to increased procurement of raw materials[19][21]. Market Expansion and Product Development - The company provided a positive outlook for the second half of 2025, projecting a revenue growth of 20% to 600 million RMB[1]. - The company is expanding its market presence in Europe, targeting a 15% market share by the end of 2025[1]. - New product launches included the latest 8K camera, which is expected to drive sales and enhance market competitiveness[1]. - The company continues to focus on market expansion and the introduction of new products, contributing to the increase in operating revenue[21]. - The company has established a global sales network covering over 10,000 retail stores, partnering with major retailers like Apple Store and Best Buy[58]. - The company is focused on expanding its market influence in the Asia-Pacific region, with increasing sales and brand recognition[73]. Research and Development - Research and development investments increased by 40%, focusing on AI technology integration in imaging products[1]. - The company invested 56,167.98 million yuan in research and development during the reporting period[66]. - The company’s R&D team consists of 1,836 personnel, accounting for 56.75% of the total workforce[67]. - R&D expenditure as a percentage of total revenue increased by 3.75 percentage points, reaching 15.30% from 11.55%[85]. - The company has applied for 69 invention patents, 32 utility model patents, and 52 design patents during the reporting period, with a total of 156 applications[82][84]. Product Features and Innovations - The company’s products include advanced features such as 8K video recording and AI-enhanced low-light performance, enhancing the quality and versatility of its imaging solutions[35]. - The integration of panoramic technology is facilitating the expansion of smart imaging applications across various industries, including education, healthcare, and security[29]. - The company emphasizes the growing demand for personalized imaging devices, driven by consumer preferences for customizable equipment and features[27]. - The AI algorithms in the Link series enhance video quality and user interaction, providing a more immersive experience[37]. - The company has developed advanced core technologies, including 11K full-view resolution and 8K@60fps high frame rate, which are widely used in VR news broadcasting and military applications[74]. Risks and Challenges - The company has identified potential risks in supply chain disruptions and is implementing measures to mitigate these risks[1]. - The company faces potential risks from international trade frictions, including a 10% tariff imposed by the U.S. on imports from China[97]. - The company is at risk of supply chain disruptions, particularly concerning critical raw materials like IC chips, which are sourced from international brands[110]. - The company is currently involved in a 337 investigation in the U.S. regarding potential intellectual property infringements, which could impact its operations and reputation[105]. Legal Matters - The company is involved in a significant patent infringement lawsuit initiated by GoPro, alleging that the company's products infringe on its patents in the U.S. market[183]. - The company has filed for an Inter Partes Review (IPR) with the USPTO to challenge the validity of GoPro's asserted patents[183]. - The ongoing ITC investigation is an administrative review and does not involve patent damages claims, indicating no substantial impact on the company's current operations[183]. - The company is also involved in a separate patent infringement case against High Route Technology and JD.com, claiming damages of RMB 110.2 million[186]. Commitments and Shareholder Relations - The company has commitments from major shareholders, including the controlling shareholder Beijing Lanfeng, which are valid within the agreed timeframe[137]. - The company is committed to compensating any losses incurred by investors due to non-compliance with commitments[141]. - The profit distribution policy emphasizes a stable cash dividend, with a minimum of 10% of distributable profits allocated for cash dividends if no major investments occur[164]. - The company will enhance market development efforts and expand its business layout to provide reliable products and services[160].

证券代码：688775 证券简称：影石创新 公告编号：2025-019 影石创新科技股份有限公司 关于放弃参股公司优先增资权暨关联交易的公告 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。 重要内容提示： 东莞市融光光学有限公司（以下简称"融光光学"）系影石创新科技股 份有限公司（以下简称"公司"或"影石创新"）的参股公司，截至本公告披露 日，公司持有其 20%股权。 本次融光光学增资扩股由和谐超越中小企业发展基金（宜兴）合伙企业 （有限合伙）（以下简称"和谐超越基金"）、深圳市稳正长优创业投资企业（有 限合伙）（以下简称"稳正长优基金"）及自然人陆永杰认购。本次增资扩股金额 合计为 5,870 万元，其中拟新增注册资本 546.5315 万元以及增加资本公积 5,323.4685 万元。公司综合考虑整体发展规划，拟放弃此次优先增资权。本次交 易完成后，公司持有融光光学的股权比例变更为 14.8666%。 根据《上海证券交易所科创板股票上市规则》《上市公司重大资产重组 管理办法》等相关规定，融光光学为公司的关联方，因而本次 ...

证券代码：688775 证券简称：影石创新 公告编号：2025-023 影石创新科技股份有限公司 关于全资子公司变更经营范围暨完成工商变更登记的公告 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。 影石创新科技股份有限公司（以下简称"公司"）全资子公司深圳市顺势电 子有限公司（以下简称"顺势电子"）因业务发展需要，对其经营范围进行了变 更，近日，顺势电子已完成工商变更登记手续，并取得了深圳市市场监督管理局 出具的《登记通知书》，具体变更情况如下： | 变更事项 | 变更前 | 变更后 | | --- | --- | --- | | 经营范围 | 一般经营项目是：电子产品、计 | 一般经营项目是：电子产品、计算机软 | | | 算机软硬件的技术开发、销售； | 硬件的技术开发、销售；网络技术研发； | | | 网络技术研发；数据库管理；网 | 数据库管理；网上从事信息咨询；在网 | | | 上从事信息咨询；在网上从事商 | 上从事商贸活动；国内贸易；经营进出 | | | 贸活动；国内贸易；经营进出口 | 口业务（以上根据法律 ...

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： 是否需要提交股东会审议：否。 证券代码：688775 证券简称：影石创新 公告编号：2025-018 影石创新科技股份有限公司 关于增加 2025 年度日常关联交易预计额度的公告 在前述董事会召开前，公司召开第二届董事会独立董事专门会议 2025 年第 一次会议，审议通过了《关于审核确认 2024 年关联交易及 2025 年度日常关联交 易预计的议案》。独立董事认为：公司 2024 年度发生的关联交易事项系按照正 常商业条款进行，交易条款公平合理，符合公司及股东的整体利益，不存在损害 公司及其股东利益的情形。独立董事一致同意该议案，并将该议案提交董事会审 议。 公司于 2025 年 8 月 27 日召开第二届董事会第十五次会议，审议通过了《关 于增加 2025 年度日常关联交易预计额度的议案》，计划增加公司 2025 年度日常 关联交易金额 3,800 万元（不含税）。 在前述董事会召开前，公司召开第二届董事会独立董事专门会议 2025 年第 二次会议，审议通 ...

邮箱：legal@insta360.com 办公地址：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 证券代码：688775 证券简称：影石创新 公告编号：2025-021 影石创新科技股份有限公司 关于聘任证券事务代表的公告 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。 影石创新科技股份有限公司（以下简称"公司"或"影石创新"）于 2025 年 8 月 27 日召开第二届董事会第十五次会议，审议通过了《关于聘任证券事务 代表的议案》，同意聘任郑睿女士及吴玮琼女士为公司证券事务代表，协助董事 会秘书开展活动，任期自本次董事会审议通过之日起至第二届董事会届满之日止。 郑睿女士、吴玮琼女士已取得上海证券交易所颁发的董事会秘书任职培训证 明，具备履行证券事务代表职责所必需的专业知识、工作经验及相关素质，能够 胜任相关岗位职责的要求，其任职符合《中华人民共和国公司法》《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。证券事务代表 简历详见附件。 证 ...

证券代码：688775 证券简称：影石创新 公告编号：2025-017 影石创新科技股份有限公司 关于 2025 年半年度募集资金存放与实际使用情况的 专项报告 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《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自律 监管指引第 1 号——规范运作》等有关规定，影石创新科技股份有限公司（以 下简称"公司"）2025 年半年度募集资金存放与实际使用情况专项报告说明如 下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 根据中国证券监督管理委员会出具的《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，公司本次首次公开发行人民币普通股（A 股）股票 4,100.00 万股，发 行价格为 47.27 元/股，募集资金总额为 193,807.00 万元，扣除发行费用（不含增 值税）后，募集资金净额为 174,776.61 万元，以上募集资金已经容诚会计师事务 所（特殊普通合伙）于 20 ...

证券代码：688775 证券简称：影石创新 公告编号：2025-022 重要内容提示： 一、说明会类型 影石创新科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日在 上海证券交易所网站（www.sse.com.cn）披露了《2025 年半年度报告》及《2025 年半年度报告摘要》。为便于广大投资者更加全面深入地了解公司经营业绩、发 展战略等情况，公司定于 2025 年 9 月 11 日（星期四）16:00-17:00 在"价值在线" （www.ir-online.cn）召开公司 2025 年半年度业绩说明会，与投资者进行沟通 和交流，广泛听取投资者的意见和建议。 会议召开时间：2025 年 9 月 11 日（星期四）16:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 9 月 11 日 前 访 问 网 址 https://eseb.cn/1r32MGts0hO 或使用微信扫描下方小程序码进行会前提 问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍 关注的问 ...

Core Viewpoint - The company reported significant growth in revenue and a slight increase in net profit for the first half of 2025, driven by market expansion and new product launches [1] Financial Performance - The company achieved operating revenue of 3.671 billion yuan, representing a year-on-year increase of 51.17% [1] - The net profit attributable to shareholders was 520 million yuan, with a year-on-year growth of 0.25% [1] - Basic earnings per share were reported at 1.43 yuan [1] Market Strategy - The increase in operating revenue is attributed to the company's continuous market expansion, ongoing new product launches, and the sustained growth of both online and offline sales [1]