Core Viewpoint - The company, Insta360, addressed market concerns regarding the impact of DJI's price war and the controversy over its market share in the panoramic camera sector, emphasizing its unique software and hardware advantages while reporting a 90% revenue increase in Q3 2025 [1] Group 1: Company Performance - In Q3 2025, the company's revenue reached 2.94 billion yuan, marking a year-on-year growth of 92.64%, with total revenue for the first three quarters at 6.61 billion yuan, reflecting a 67.18% increase [1] - The company is expected to continue its growth momentum into Q4 2025, supported by strong sales during the Double Eleven shopping festival, where it outperformed competitors in key categories [1] - A new panoramic drone is anticipated to launch in Q4 2025, potentially filling a market gap and creating a new growth trajectory [1] Group 2: Market Dynamics - The company has maintained a leading position in the panoramic camera market, with a global market share exceeding 85% in the first three quarters of 2025, and a Q3 market share of 75% [2] - DJI entered the panoramic camera market in July 2025, capturing approximately 17.1% of the global market share in Q3 through aggressive pricing strategies, achieving a domestic market share of 37.1% [2] - The competitive pricing strategies employed by DJI are seen as a double-edged sword, potentially leading to significant profit sacrifices despite their effectiveness in gaining market share [1][2]
影石创新：2025年第三季度营收增长超90%