Investment Rating - The report maintains a "Buy" rating for the company [8] Core Viewpoints - The launch of the Antigravity A1 drone is expected to expand the company's market reach and open up long-term growth opportunities [5] - The unique imaging system of the Antigravity A1, featuring fisheye lenses on both the top and bottom, allows for 360-degree video capture in 8K resolution, providing significant advantages in user experience and operational ease [5][6] - The report highlights the potential of panoramic cameras as essential tools for content creators in the short video era, with a projected market size that remains underpenetrated [7] Financial Projections - The company is projected to achieve net profits of 1.31 billion, 1.64 billion, and 2.23 billion yuan for the years 2025, 2026, and 2027 respectively, with corresponding EPS of 3.26, 4.09, and 5.55 yuan per share [8] - Revenue forecasts for 2025, 2026, and 2027 are estimated at 78.65 billion, 101.36 billion, and 130.61 billion yuan, reflecting year-on-year growth rates of 41.1%, 28.9%, and 28.9% [10] - The report indicates a projected PE ratio of 57.3, 45.7, and 33.7 for the years 2025, 2026, and 2027 respectively [8]