新浪科技讯 10 月31日晚间消息，全球权威机构沙利文最新白皮书显示，2025 年全球及中国手持智能影 像设备市场格局迎来调整。 运动相机赛道的竞争更为白热化。截至今年三季度，影石以 37.1% 的全球份额居首，大疆 33.9% 紧随 其后，GoPro 以 18.7% 位列第三；单看第三季度单季，这一态势进一步固化，影石份额升至 38.6%，大 疆增至 34.6%，GoPro 则下滑至 15.7%。 责任编辑：刘万里 SF014 影石Insta360在全景相机领域持续领跑，全球市占率连续8年位居第一，2025年前三季度全球占比超 85%。单看第三季度单季，影石全球市占达 75%，国内市占超60%，头部地位稳固；大疆于今年 7 月首 次切入全景相机赛道，凭借价格战快速突围，在第三季度拿下约 17.1% 的全球份额，借助大幅降价等 方式更是获得 37.1% 的国内市场。 ...

10月31日，全球权威机构沙利文最新白皮书显示，2025年全球及中国手持智能影像设备市场格局迎来调整。影石创新（688775.SH）在全景相机领域持续领 跑，全球市占率连续8年位居第一，2025年前三季度全球占比超85%。单看三季度，影石全球市占达75%，国内市占超60%，头部地位稳固；大疆于今年7月 首次切入全景相机赛道，凭借价格战快速突围，在三季度拿下约17.1%的全球份额，借助大幅降价等方式更是获得37.1%的国内市场。 截至2025年三季度，全景相机市场呈现"影石领跑、大疆追赶"格局。影石以85.8%的全球市场份额、87.5%的海外份额，近80%的国内份额断层式领先。其 中，单今年三季度影石全球占比达75%，大疆则以17.1%的份额成为第二大玩家，GoPro则仅占1.4%。报告提到"今年7月首次入局全景相机的大疆，通过差 异化价格策略在中国市场快速崛起，频繁的降价举措帮助其斩获约37.1%的中国市场份额。"对此，业内人士指出，作为新入局者，大疆以价换市的策略成 效显著，但这一快速破局的背后或伴随明显的利润牺牲。 运动相机赛道的竞争更为白热化。截至今年三季度，影石以37.1%的全球份额居首，大疆33.9 ...

Financial Performance - The company reported a revenue of 2.94 billion yuan for Q3 2025, representing a year-on-year growth of 92.64% [1] - Cumulative revenue for the first three quarters reached 6.611 billion yuan, with a year-on-year increase of 67.18% [1] - The net profit for Q3 was 272 million yuan, showing a decline of 15.9% year-on-year, primarily due to strategic R&D investments [5] Market Performance - The company achieved significant sales during the Double Eleven shopping festival, driven by product innovation and enhanced user experience in core categories like action cameras and panoramic cameras [1] - The opening of the first flagship store in Hong Kong on October 25 attracted considerable attention [1] - A new panoramic camera, X4 Air, is set to be launched on October 28, along with promotional activities expected to boost sales [1] Research and Development - R&D investment exceeded 1 billion yuan in the first three quarters of 2025, with Q3 investment at 524 million yuan, marking a year-on-year increase of 164.81% [5] - Investments focus on cutting-edge areas such as panoramic imaging technology, AI algorithms, and custom chips, reflecting a long-term strategic vision despite short-term profit impacts [5] Product Innovation - The company expanded its product line with new releases including the Ace Pro 2 "Glacier White" limited edition, Flow 2 smartphone gimbal, and panoramic camera GO Ultra [7] - An AI omnidirectional microphone, Wave, targeting enterprise clients has also been launched, enhancing the company's audio segment [7] - The company is nearing the public testing phase for the world's first panoramic drone, "Yingling Antigravity," expected to begin trial sales in Q4 2025 [7] Industry Position - The global smart imaging device market is highly concentrated, with a CR3 of 78.9% in 2024 [10] - The company's market share increased from 28.4% in 2023 to 35.6% in 2024, indicating a continuous expansion of its leading position in the industry [10]

资料显示，影石创新科技股份有限公司位于广东省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，成立日期2015年7月9日，上市日期2025年6月11日，公司主营业务涉 及全景相机、运动相机等智能影像设备的研发、生产和销售。主营业务收入构成为：消费级智能影像设 备86.06%，配件及其他产品12.63%，其他(补充)1.01%，专业级智能影像设备0.30%。 截至9月30日，影石创新股东户数2.31万，较上期增加36.16%；人均流通股1318股，较上期减少 26.56%。2025年1月-9月，影石创新实现营业收入66.11亿元，同比增长67.18%；归母净利润7.92亿元， 同比减少5.95%。 机构持仓方面，截止2025年9月30日，影石创新十大流通股东中，博时科创板三年定开混合（506005） 位居第五大流通股东，持股26.26万股，为新进股东。富国消费主题混合A（519915）位居第九大流通股 东，持股14.42万股，为新进股东。富国价值创造混合A（011099）位居第十大流通股东，持股13.92万 股，为新进股东。博时汇兴回报一年持有期混合（011056 ...

长江商报消息 ●长江商报记者 汪静 随着微型化、个性化影像设备市场需求逐渐崛起，主打全景相机、运动相机的影石创新（688775.SH） 收入大涨。 10月27日晚间，影石创新发布2025年三季报。公司前三季度实现营业收入66.11亿元，同比增长 67.18%；净利润为7.92亿元，同比下降5.95%。其中，第三季度营业收入为29.4亿元，同比大幅增长 92.64%。 在芯片定制及战略项目的投入金额较大是公司增收不增利的重要原因。2025年前三季度，影石创新研发 费用突破10亿元并超过2024年全年，高达10.85亿元，同比增长127.02%，占营收比例为16.42%。 目前，影石创新品牌"影石Insta360"产品销售网络已覆盖全球的10000多家零售门店，是全球全景相机和 运动相机的"双料龙头"。 营收大涨推股权激励计划 据了解，全球智能影像设备主要厂商包括影石创新、日本理光、GoPro、大疆等。 2022年—2024年，影石创新分别实现营业收入20.41亿元、36.36亿元、55.74亿元，同比增长53.66%、 78.16%、53.29%；净利润4.07亿元、8.3亿元、9.95亿元，同比增长53.3% ...

10月27日晚，智能影像公司影石创新发布2025年第三季度报告，实现营收29.40亿元，同比大幅增长92.64%；而归母净利润为2.72亿元，同比下降15.90%。 | | | | | 单位:元 币种: | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 本报告期比 | 年初至报告期末 | 年初至扩 | | | | 上年同期增 | | 末比上年 | | | | 减变动幅度 | | 增减变云 | | | | (%) | | (%) | | 营业收入 | 2,940,277,480.22 | 92.64 | 6,610,936,746.23 | | | 利润总额 | 267,651,828.45 | -22.10 | 808,096,304.92 | | | 归属于上市公司股东的 | 271,933,120.07 | -15.90 | 791,697,896.13 | | | 浄利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | 250.269.759.80 | -20.01 | 742,264,308.94 | | | 利润 | | | | ...

Core Insights - The company reported a significant revenue increase of 92.64% year-on-year for Q3 2025, reaching 2.94 billion yuan, while net profit decreased by 15.90% to 272 million yuan [1] - For the first three quarters of 2025, total revenue was 6.61 billion yuan, up 67.18%, with net profit at 792 million yuan, down 5.95% [1] - The decline in net profit is attributed to increased R&D expenses due to market expansion, new product launches, and higher salaries for R&D personnel [1][4] Revenue and Profit Analysis - The company's revenue growth is driven by market expansion and product innovation, despite a decrease in net profit [1][4] - R&D expenses have significantly increased, with Q3 2025 R&D investment reaching 524 million yuan, a 164.81% increase year-on-year, accounting for 17.81% of revenue [1] - Cumulatively, R&D investment for the first three quarters exceeded 1 billion yuan, surpassing the previous year's net profit [1] Market Position and Competition - The company is experiencing rapid growth, increasing its market share from 28.4% in 2023 to 35.6% in 2024, making it one of the fastest-growing leaders in the smart imaging device industry [5] - In comparison, the competitor DJI reported revenues of 80 billion yuan in 2024, significantly overshadowing the company's figures [5] - The competitive landscape is intensifying, with DJI launching products that directly compete with the company's offerings at lower prices [5][6] Product Development and Innovation - The company is focused on innovation over price competition, as indicated by the founder's statement on social media [6] - The upcoming launch of the Antigravity drone is anticipated for Q4 2025, following successful public testing [1][6] - The company plans to release a new panoramic camera model, X4 Air, on October 28 [6] Supply Chain and Production Challenges - The company follows a "self-research + outsourcing" production model, relying on international suppliers for critical components like chips [7] - Increased outsourcing costs and rising raw material prices have impacted production expenses, necessitating a stronger supply chain resilience [7] - The company is investing in custom chip development and other strategic projects to mitigate supply chain risks [7]

Core Viewpoint - The company, Yingshi Innovation, reported significant revenue growth in Q3 2025, driven by market expansion and positive reception of new products [1][2]. Group 1: Financial Performance - In Q3 2025, the company achieved a revenue of 2.94 billion yuan, marking a substantial year-on-year increase of 92.64% [1]. - Cumulatively, the revenue for the first three quarters reached 6.61 billion yuan, reflecting a year-on-year growth of 67.18% [1]. - The net profit attributable to shareholders for Q3 was 272 million yuan, a decrease of 15.9% year-on-year, primarily due to high R&D investments [2]. Group 2: Research and Development - The total R&D expenditure for the first three quarters exceeded 1 billion yuan, with Q3 R&D spending at 524 million yuan, up 164.81% year-on-year [2]. - R&D expenses accounted for 17.81% of revenue, indicating a sustained high level of investment [2]. - The company is focusing on core areas such as panoramic imaging technology and AI algorithms, while also increasing investment in custom chip projects [2]. Group 3: Product Development and Market Strategy - The product matrix has expanded to meet diverse consumer and enterprise needs, including the launch of new cameras and audio solutions [4][5]. - The company plans to enter the drone market with two new brands, including a panoramic drone that has been recognized by Time magazine as one of the best inventions of 2025 [5]. - The opening of the first flagship store in Hong Kong and strong sales performance during the Tmall Double Eleven event highlight the brand's market appeal [1][4]. Group 4: Market Position and Industry Trends - The global smart imaging device industry has a high concentration, with the top three companies holding a market share of 78.9% [7]. - Yingshi's market share increased from 28.4% in 2023 to 35.6% in 2024, positioning it as one of the fastest-growing leading companies in the sector [7]. - The company is leveraging its market position and R&D capabilities to push smart imaging technology into broader consumer markets [9].

安信上证科创综指增强发起A（023908）成立日期2025年5月13日，最新规模9018.81万。成立以来收益 40.46%。 10月28日，影石创新跌5%，截至发稿，报287.68元/股，成交8.48亿元，换手率9.51%，总市值1153.60亿 元。 资料显示，影石创新科技股份有限公司位于广东省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，成立日期2015年7月9日，上市日期2025年6月11日，公司主营业务涉 及全景相机、运动相机等智能影像设备的研发、生产和销售。主营业务收入构成为：消费级智能影像设 备86.06%，配件及其他产品12.63%，其他(补充)1.01%，专业级智能影像设备0.30%。 从基金十大重仓股角度 数据显示，安信基金旗下1只基金重仓影石创新。安信上证科创综指增强发起A（023908）三季度持有 股数2799股，占基金净值比例为0.67%，位居第十大重仓股。根据测算，今日浮亏损失约4.24万元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形 ...

Core Insights - The company reported a significant revenue growth of 67.18% year-on-year for the first three quarters of 2025, reaching 6.611 billion yuan, while net profit decreased by 5.95% to 792 million yuan [2][3] - The third quarter alone saw a remarkable revenue increase of 92.64% year-on-year, amounting to 2.940 billion yuan, continuing the growth momentum from the first half of the year [2][3] - High R&D expenditures, which reached 524 million yuan in Q3 (up 164.81% year-on-year), have pressured profit margins, with R&D costs constituting 17.81% of revenue [2][3] Financial Performance - The company maintained a strong growth trajectory with Q3 revenue of 2.940 billion yuan, a 92.64% increase, and cumulative revenue of 6.611 billion yuan for the first three quarters, reflecting a 67.18% growth [3] - Net profit for Q3 was 272 million yuan, down 15.9% year-on-year, while total profit decreased by 22.1% to 268 million yuan [3] - R&D spending exceeded 1.085 billion yuan for the first three quarters, marking a 127.02% increase and accounting for 16.42% of total revenue [3] Product Development - The company expanded its product offerings, launching several new consumer and enterprise products, including limited editions and AI-enabled devices, which supported sales growth [4] - The operating cash flow for the first three quarters was 930 million yuan, indicating strong operational quality [4] - Total assets reached 9.2 billion yuan, an increase of 83.24% year-on-year, while equity attributable to shareholders grew by 79.95% to 5.724 billion yuan [4] New Business Ventures - The company is advancing its drone business, with the "影翎Antigravity" drone expected to enter trial sales in Q4 2025, highlighting its potential as a new growth area [6] - The brand's global expansion is evident with the opening of its first flagship store in Hong Kong and strong sales performance during promotional events [6] - Collaborations with major tech companies like Apple and Huawei are enhancing the brand's ecosystem and market presence [6] Industry Competition - The global smart imaging device market is becoming increasingly competitive, with the top three manufacturers holding a market concentration of 78.9% [7] - The company's market share increased from 28.4% in 2023 to 35.6% in 2024, positioning it as one of the fastest-growing brands [7] - Despite rapid expansion, the company faces challenges such as declining profit margins and shorter product iteration cycles, necessitating a focus on maintaining growth while improving profitability [7]