USC(SH:688403) Shen Zhen Shang Bao·2025-12-09 17:55Core Insights - The launch of the Antigravity A1, the world's first panoramic drone by the company, has generated significant sales, with over 30 million yuan in sales within two days in China, despite rumors of a lukewarm market response [1] - The company emphasizes the revolutionary nature of panoramic drones compared to traditional drones, aligning with its mission to help people better record and share life [2] - The company reported a revenue of 6.611 billion yuan for the first three quarters, a year-on-year increase of 67.18%, while net profit decreased by 5.95% due to increased R&D investments [2] Company Performance - The Antigravity A1 features a dual-lens panoramic imaging system and advanced stitching technology, showcasing the company's commitment to innovation [1] - The company faced supply chain challenges before the product launch but successfully navigated these issues, indicating resilience and adaptability [1] - R&D expenses reached 524 million yuan in Q3, a 164.81% increase, reflecting the company's strategic focus on technology and diversification [2] Market Outlook - The Chinese consumer drone market is projected to grow from 33.46 billion yuan in 2020 to 45.781 billion yuan by 2024, with a compound annual growth rate of 8.15% [2] - The company aims to maintain its competitive edge through unique product experiences and strong brand recognition in the smart imaging device sector [3] - The brand "Insta360" has established a strong market reputation due to innovative product design and advanced technology, enhancing its competitive position in the industry [3]