中国后浪崛起。 作者 I 杨文静 杨继云 报道 I 投资界PEdaily 科创板迎来了第一位90后创始人。 投资界消息，今日（6月11日），影石创新正式登陆A股，成为" 智能影像第一股 "。此次IPO发行价 4 7.27 元/股， 募资19. 38亿元， 开盘大涨285%，总市值超70 0亿元 。 现场的一幕令人印象深刻——34岁的创始人刘靖康（JK），手持I nst a 360全景相机X5敲响了上市锣声。 " 10年前，我们从南大学生宿 舍走出来。" 彼时刘靖康联手同学率队杀入国内尚处空白的全景相机行业，如今旗下I nst a 3 60相机卖遍全球。 90后站上科创板舞台，如此一幕极具历史性意义。眼下中国科技创新浪潮翻涌，无数90后、0 0后身影浮现其中，他们从前辈们手中接 过火炬，开始成为中国科技主力军。 南大90后，缔造市值700亿 成长于深圳 理工男生、极客，这是大多数投资人聊起刘靖康的印象。 1991年出生于广东中山，刘靖康自小就是技术迷，小学六年级开始自学编程。2010年，他考入南京大学，攻读软件工程专业。现实 中，技术迷给大多数人内向安静的刻板印象，但刘靖康在大学期间并不"安分"。最为人津津乐道 ...

Group 1 - Over 60% of actively managed equity funds have recovered their net value to levels seen two months ago, with a strong performance from funds focused on innovative pharmaceuticals and AI sectors [1] - The upcoming mid-year assessment is prompting wealth management companies to optimize asset allocation strategies, including shortening bond durations to control volatility [1] - The Hong Kong IPO market is heating up, with 190 companies queued for listing, many of which are from mainland China, indicating a trend of A+H listings [2] Group 2 - The domestic robotics industry is experiencing a surge in IPO activity in Hong Kong, with nine companies disclosing plans to list, reflecting strong investor interest in hard technology [2] - Midea Group has initiated a voluntary recall of over one million window air conditioners in North America due to a rare issue with mold on a specific component, with a complaint rate of less than 0.01% [3] - Several major automotive companies have committed to a unified payment term of no more than 60 days, indicating a shift in industry payment practices [3] Group 3 - The launch of the world's first AI-based fully automated design system for processor chips marks a significant advancement in chip design, addressing the growing demand for specialized chips [4] - The successful listing of a leading company in the panoramic camera sector has attracted significant attention from capital markets, with the global market for panoramic cameras expected to grow at a CAGR of over 10% [4] - The summer grain wheat harvest in China has progressed to over 70%, with significant contributions from major wheat-producing provinces [5] Group 4 - OpenAI is investigating increased error rates affecting its API and ChatGPT services, with over 1,000 service interruption reports logged [5] - Haitian Flavor Industry plans to issue 263.24 million shares in its Hong Kong listing, with a price range set between HKD 35 and HKD 36.3 [6] - A food safety incident involving excessive bacterial counts at a specific store has led to regulatory actions against the establishment [7] Group 5 - The financial regulatory authority has imposed strict penalties on two insurance companies, marking a shift towards individual accountability in the insurance sector [8] - Tencent Music has signed an acquisition agreement with Himalaya, with assurances that the brand and management structure will remain unchanged post-acquisition [9] - A significant personnel change has occurred at Yanghe Co., with a board member resigning due to work relocation [10]

摘要 运动相机全景相机：行业深度解读 20250610 影石创新（Insta360）作为智能影像设备领域的重要标的，质地优质且 增速显著，尤其在全景相机市场占据主导地位，全球市场份额达 67.2%，中国市场份额高达 86.5%。 运动相机市场竞争激烈，GoPro、Insta360、大疆为前三大品牌。 GoPro 市场份额下滑，2023 年全球份额约为 24%，面临大疆和影石创 新的挑战，后者份额包含 ACE 系列和独有的 GO 系列产品。 全球潜在运动用户约 2.5 亿，Vlog 用户约 4.5 亿，但目前运动相机和全 景相机渗透率仅 2%-3%，未来渗透率提升至 10%-20%将带来千亿级 市场规模。 行业发展趋势从硬件竞争转向软件功能创新和营销策略优化，AI 自动剪 辑、云端存储订阅服务等降低创作门槛，全景相机利用激光雷达或 TOF 传感器生成 3D 场景。 GoPro 面临销量下滑，2024 年出货量降至 243 万台，营收降至 8 亿美 元，净利润亏损 4 亿美元，毛利率仅 30%，转型订阅服务效果有限，高 成本结构和线下销售模式是利润不佳的原因。 Q&A 影石创新在智能影像设备领域的表现如何？ 影石 ...

证券研究报告 科技 2025 年 6 月 10 日│中国内地 专题研究 运动相机/全景相机：行业高景气，影石、大疆等中国厂商正快速崛起 随着户外运动的兴起、社交媒体内容的超速增长以及 VR/AR 的逐步成熟， 运动相机和全景相机作为捕捉和分享动态瞬间与沉浸式体验的关键设备，正 逐步从极限运动玩家的小众影像设备，"破圈"成为广大户外运动爱好者、 短视频用户的创意生产力工具，"新消费"属性显著，行业处在快速增长阶 段。影石创新（待上市）、GoPro（GPRO.O）、大疆（未上市）是三大核心 玩家。展望未来，"全能型"个人影像设备或是发展方向，行业的竞争核心 正从以硬件参数为主，向 AI、软件生态、差异化创新能力等多维度竞争转变。 市场空间：从"小众"市场到广阔蓝海 运动相机和全景相机从小众的极限运动爱好者的"记录工具"，逐步演变为 大众用户的"创意生产力"工具，具备比较典型的"新消费"属性：体验至 上、个性化与圈层化、典型 UGC 工具、不断拥抱 AI 等新技术，持续吸引着 追求新奇体验和个性表达的消费者，这也是其能够逐步"破圈"的核心原因。 根据沙利文数据，当前运动相机和全景相机的市场渗透率仍处于低位水平， 随 ...

【环球网科技综合报道】6月10日消息，外媒Dronexl援引供应链消息披露，瑞典影像巨头哈苏（Hasselblad）即将 推出的新一代中画幅无反相机X2D 100C II，或将首次搭载大疆（DJI）LiDAR激光雷达自动对焦技术。这一跨界技 术整合若属实，将重塑中画幅相机的对焦性能标准，并为专业影像创作带来新突破。 该技术此前已应用于大疆Focus Pro无线跟焦系统，其AI算法可自动识别人物、车辆，并支持多主体焦点切换。若 集成至哈苏相机，或将解决中画幅系统因传感器尺寸大、景深浅导致的对焦难题，尤其在风光、人像及动态抓拍 场景中表现可期。 作为参考，现款哈苏X2D 100C已搭载1亿像素背照式中画幅传感器（43.8×32.9mm），原生ISO低至64，支持16位 色深与15级动态范围。其相位对焦系统覆盖294个区域，对焦速度较前代提升3倍，并配备5轴7档机身防抖。 据悉，传统中画幅相机因定位专业影像，多依赖手动对焦或反差对焦，自动化程度较低。哈苏与大疆的合作若落 地，或将推动中画幅系统向"智能化"转型，满足商业摄影、影视制作等场景对效率与精度的双重需求。此外，大 疆LiDAR技术已支持通过蓝牙直连微单相机实 ...

全景运动相机行业专家会议 20250608 摘要 2024 年全球运动相机市场销量约为 2000 万台，其中全景相机销量约 200 万台，西安饮食占据全景相机市场主导地位，销量达 144-150 万 台。广角相机市场主要由 GoPro、大疆和影石主导，三者总销量在 600-700 万台之间。 运动相机未来增长驱动力主要来自运动爱好者（骑行、滑雪等）和 Vlog 创作者的需求增长，尤其 Vlog 用户渗透率提升潜力巨大。产品力提升关 键在于画质和防抖技术的持续优化。 全球运动相机市场主要用户群体为运动爱好者和 Vlog 创作者，运动爱好 者目前占据 80%以上市场份额。Vlog 创作者人数持续增长，但整体渗 透率仍低于 10%，市场潜力巨大。 大疆 Action 5 Pro 和影石 Action Pro 系列在拍摄参数、画质、防抖和 音频方面已能较好满足 Vlog 需求，但仍需提升音频质量和优化视角以更 好服务娱乐消费类用户。 运动相机市场格局分散，GoPro、大疆和影石竞争激烈，各品牌开始涉 足彼此领域。全景相机领域技术门槛较高，品牌数量有限。中低端品牌 和白牌产品占据一定市场份额。 Q&A 请介绍一下运动相 ...

Core Viewpoint - YingShi Innovation is preparing for its IPO with a share price set at 47.27 CNY, but faces significant challenges in both the panoramic camera and action camera markets due to market saturation and intense competition [2][3]. Financial Performance - YingShi Innovation's projected revenues for 2022 to 2024 are 2.041 billion CNY, 3.636 billion CNY, and 5.574 billion CNY respectively, with net profits of 407 million CNY, 830 million CNY, and 995 million CNY [2]. - The company's overseas sales revenue for the same periods are 1.596 billion CNY, 2.903 billion CNY, and 4.223 billion CNY, accounting for 79.43%, 80.83%, and 76.35% of total revenue [2]. Market Position - YingShi Innovation holds a 67.2% market share in the global panoramic camera market, but the market is limited with a size of only 700 million USD and a growth rate of 7.5%, compared to the action camera market which is valued at 7.18 billion USD with a growth rate of 9.3% [2]. - The company is compelled to expand into the action camera sector, where it faces competition from established players like GoPro and DJI [2]. Competitive Landscape - DJI is entering the market with a low-price strategy, leveraging its expertise in optical stabilization and image algorithms, which poses a threat to YingShi Innovation's pricing strategy [3]. - GoPro dominates the U.S. market with a 62% share by bundling sales with telecom operators, creating a barrier for YingShi Innovation to penetrate this channel [3]. Technological Challenges - The demand for professional equipment is being eroded by advancements in smartphone imaging capabilities, such as Apple's spatial video and Huawei's XMAGE [4]. - Although YingShi Innovation is investing in AI editing and HDR technologies, its pace of innovation in consumer products is lagging behind that of major smartphone manufacturers [4].

怎么说呢，如果你今年五一恰好路过武汉，可能会被这座城市的新玩法惊到——游客不再扎堆黄鹤楼或 户部巷，反而挤爆了东湖边的咖啡馆、高达模型店，甚至相机租赁行。这背后藏着的，可不止是假期消 遣那么简单。 东湖咖啡：一杯饮品的尽头是情绪价值 "三十公园"的店员大概从没想过，自家咖啡馆会成为比东湖游船更热门的打卡点。假期下午三点，所有 面湖的外摆区座位早已被占满，大三学生小刘和闺蜜举着手机自拍，背景是波光粼粼的湖面。"从长沙 专门过来就为这一杯，你懂的。"她指了指桌上的冰美式，"坐在这儿发呆两小时，比逛景点治愈多 了。" 这种"为氛围买单"的现象在东湖沿岸已成常态。几乎每家临湖咖啡馆都化身社交空间——年轻人带着外 地朋友来"叙旧局"，情侣对着落日摆拍，甚至有人独自抱着电脑工作，图的就是"湖边办公"的仪式感。 一位店主透露："有人甚至提前一周预订座位，就为了五一能坐在最靠水的位置。" 江西姑娘小叶的行程堪称当代游客样本——刚下高铁就直奔街道口取预订的大疆口袋云台相机。"一天 租金60块，比买一台划算多了。"她晃了晃手里的小机器，"明天草莓音乐节拍vlog就靠它了。" 高达基地与LABUBU玩偶：成年人的童心经济学 武汉天 ...

Group 1: Company Highlights - YingShi Innovation, launched for subscription on May 30, has a global market share of 81.7% in the panoramic camera market, maintaining the number one position for six consecutive years [1] - The company has invested a total of 1.48 billion yuan in R&D from 2022 to 2024 [1] - Revenue is projected to increase from 2.041 billion yuan in 2022 to 5.574 billion yuan in 2024, with net profit rising from 407 million yuan to 995 million yuan during the same period [1] Group 2: Industry Insights - Youyou Green Energy, which started subscription on May 26, specializes in R&D, production, and sales of core components for DC charging equipment for new energy vehicles, holding a market share of 10.58% in a market that is expected to grow by 72.66 billion watts in 2023 [1] - Revenue for Youyou Green Energy is expected to grow from 988 million yuan in 2022 to 1.497 billion yuan in 2024 [1] - Hai'an Rubber, which is set for IPO on the Shenzhen Main Board on May 30, focuses on the R&D, production, and sales of giant all-steel engineering machinery radial tires, with projected revenues of 2.251 billion yuan in 2023, 2.3 billion yuan in 2024, and 468 million yuan in Q1 2025 [1] Group 3: IPO Details - Youyou Green Energy's IPO price is set at 89.6 yuan, with a price-to-earnings ratio of 15.37, compared to the industry average dynamic P/E ratio of 19.4 [1] - The IPO price for JiaoDa TieFa on the Beijing Stock Exchange is 8.81 yuan, with a price-to-earnings ratio of 13.42, while the industry average dynamic P/E ratio stands at 33.26 [1]

以下文章来源于硬氪 ，作者张子怡 硬氪 . 专注全球化、硬科技报道。36kr旗下官方账号。 相机类产品入局门槛较高。 文 ｜ 张子怡 编辑 ｜ 袁斯来 杨轩 来源｜ 硬氪（ID：south_36kr） 封面来源 ｜ 企业官网 硬氪独家获悉，近期深圳市光子跃迁科技有限公司（以下简称"光子跃迁"）完成数亿元天使轮融资，追创创投参与投资，资金将 用于深化AI影像算法研发、全球化市场布局及智能硬件产品的量产准备，其首款运动相机产品预计于今年下半年发布。 硬氪了解到，成立不到一年，光子跃迁团队成员已超百人，其中不少来自国内成熟的智能影像企业，头部手机厂商以及快消品行 业龙头公司。 光子跃迁总裁袁谦告诉硬氪，公司计划推出一款全新形态的相机，使用场景上能满足Vlog人群和运动人群。产品在设计上将和行 业主流打出差异化，辐射到更多内容创作者。 定价方面，行业主流的运动相机品牌定价均是千元级起步，光子跃迁第一代产品的定位会相对高端。 技术层面，根据袁谦介绍，"公司首个运动相机将会发布三到五个行业从未发布过的技术。" 爱企查显示，光子跃迁成立于2025年3月，袁谦为法人代表，公司股东此前投资过其他追觅生态企业。 除了硬件本身，硬 ...