影石刘靖康谈上市：从开荒者到守擂者，如何长久留在牌桌？

Core Insights - Insta360, a Shenzhen-based smart imaging company, experienced a significant stock market debut, with its share price soaring nearly threefold and market capitalization exceeding 70 billion yuan, establishing itself as the "first stock in smart imaging" on the A-share market [2][3] - Founder Liu Jingkang, a notable figure in the tech industry, emphasizes responsibility and commitment in the face of market excitement, recognizing that the real challenges lie ahead as industry giants and AI trends emerge [3][4] Company Strategy - The company chose to list on the Sci-Tech Innovation Board five years ago, which is more favorable for tech companies focused on long-term growth rather than immediate profitability [5] - Liu acknowledges the market's expectations as a double-edged sword, serving as both pressure and motivation for the company to meet heightened standards [5][6] Competitive Landscape - DJI is identified as a significant competitor in the action camera market, with concerns about its potential impact on Insta360's market position [6][10] - Liu compares the imaging market to the gaming industry, suggesting that it is less prone to homogenization and offers opportunities for unique experiences, allowing for coexistence and collaboration with competitors like DJI [8][9] Innovation and Development - The company focuses on a dual strategy of "fast variables" (product and technology innovation) and "slow variables" (brand, channel, and user perception) to maintain a competitive edge [11][12] - Liu categorizes innovation into three levels: pure software innovation, soft-hard integration, and soft-hard-chip innovation, each with varying timelines for market impact [12] Organizational Philosophy - The company prioritizes employee development, believing that a well-trained and motivated team will ultimately lead to better customer value and shareholder returns [18] - Liu emphasizes the importance of curiosity as a key quality for talent, which drives innovation and improvement within the organization [13][18]