" 如何做产品、怎么干DJI，是JK去年与投资人聊得最多的话题。 " 作者丨 覃倩雯 编辑丨 刘伟 影石敲钟上市时创下了70倍PE的市值，6月18日影石市值继续大涨逼近800亿元，资本市场再次一片狂 欢。 不同于其他公司上市后普发福利红包的热闹与喧嚣，影石公司内部的气氛却一如既往的平静与忙碌，员工 该赶项目的赶项目，该加班的加班。不同的是，所有人都因为影石换了一种身份而备受瞩目。 "上市这件事情和结婚一样，意味着自己的义务变了。虽然兴奋，但是身上的担子更重了。"JK在采访里提 到。 雷峰网了解到，近两个月来，影石进行了一轮较大范围的组织架构调整，将多条产品线进行重新整合。 （多番调整下影石有何变化，欢迎添加微信 qqw_501 一起交流。） 年初至今，影石的团队规模扩充了不少，调整的过程虽有些波折，但对内部来说，这场变化也是为了让员 工快速适应影石的成长与规模化，从而去应对"三家争霸"。 "影石今年压力最大，前有DJI，后有追觅，都在布局全景相机。有一次JK语重心长地说，我们需要全面备 战。"一位影石员工说道。 赛道内一眼望去全是实力雄厚的对手，影石的处境比想象中的艰难，而IPO只是一个分水岭。如果说，以 前 ...

Core Viewpoint - The successful listing of Yingshi Innovation on the Sci-Tech Innovation Board marks a significant milestone in the capital market for 2025, showcasing the potential of the consumer-grade action camera market and positioning the company as a leader in the global panoramic camera sector [2][3]. Group 1: Company Overview - Yingshi Innovation's stock price reached 171.8 yuan per share, a nearly 3.5 times increase from its issuance price of 47.27 yuan, with a market capitalization that once exceeded 700 billion yuan [2]. - The company was founded ten years ago during the "Double Innovation" policy era and has since become a leader in the consumer-grade action camera and panoramic camera markets, with revenue growing from 1.328 billion yuan in 2021 to 5.6 billion yuan in 2024, a fivefold increase [2][3]. Group 2: Market Position and Competition - Yingshi Innovation holds a 67.2% market share in the global consumer-grade panoramic camera market and a 61.4% share in the professional-grade panoramic camera market, ranking among the top two in the action camera sector [5]. - The ONE X series is a flagship product line, contributing approximately 2.92 billion yuan in revenue by 2024, accounting for about 50% of the company's total revenue [5][10]. Group 3: Product Development and Innovation - The company has accelerated its product development and marketing efforts, with R&D expenditures increasing significantly, reaching 7.76 billion yuan in 2024, which is a 73.5% year-on-year growth [18]. - Yingshi Innovation has introduced innovative features such as AI-driven editing and unique shooting capabilities, which have helped differentiate its products in a competitive market [20][22]. Group 4: Future Challenges and Strategies - The entry of competitors like DJI into the consumer-grade panoramic camera market poses significant challenges, prompting Yingshi Innovation to adopt a more aggressive market strategy [7][12]. - The company emphasizes the importance of capturing unmet customer needs and continuously innovating to maintain its competitive edge in the rapidly evolving smart imaging market [14][23].

Core Viewpoint - The successful listing of Yingshi Innovation on the Sci-Tech Innovation Board marks a significant milestone, making it the first publicly traded company in the global smart handheld imaging device sector, with a market capitalization of approximately 70.98 billion yuan and a stock price increase of 274.44% on its first day of trading [1][2]. Company Overview - Yingshi Innovation, founded by a hacker from the 90s, raised 1.938 billion yuan through its IPO at an issue price of 47.27 yuan per share, with plans to invest in two major projects: a smart imaging device production base and a research and development center in Shenzhen, totaling around 464 million yuan [2][4]. - The company has maintained a gross margin of over 50% and has achieved consecutive years of net profit growth, positioning itself as one of the most profitable hardware companies in China [4][6]. Market Position - Yingshi Innovation's brand "Insta360" has dominated the global panorama camera market with a market share of 67.2% in 2023, while ranking second in the action camera market, just behind GoPro [11][20]. - The company has successfully created a niche by combining features of both panorama and action cameras, which has been a key factor in its rapid market growth [14][15]. Financial Performance - In the fiscal year 2024, Yingshi Innovation's revenue from consumer-grade smart imaging devices accounted for 86.59% of total revenue, amounting to approximately 478.86 million yuan, while professional-grade devices contributed only 0.43% [19]. - The global panorama action camera market is projected to grow at a compound annual growth rate (CAGR) of 16.0% from 2025 to 2031, indicating a promising future for Yingshi Innovation [20]. Competitive Landscape - The competitive environment is intensifying, with GoPro initiating a 337 investigation against Yingshi Innovation for alleged intellectual property infringement, which could impact the company's reputation and sales in the U.S. market [21]. - New entrants, such as DJI and Photon Leap, are also emerging in the market, further increasing competition [21][22].

随着影石创新成功登陆A股，全景相机这一影像细分赛道正引发资本市场的高度关注。 作为行业领军企业，影石创新已连续六年稳居全球全景相机市场份额榜首，2023年市场份额高达67.2%。据不完全统计，影石创新IPO之前已完成八轮融资，投资方 阵容堪称豪华，不乏IDG资本、启明创投、基石资本、招商局资本、迅雷等一线机构的身影。 在内容创作需求激增和短视频形态多元化的推动下，终端影像设备市场迎来快速增长。行业数据显示，全球全景相机零售市场规模预计将从2017年的25.1亿元攀升 至2027年的78.5亿元，年复合增长率超过10%，这一蓝海市场正吸引众多硬件厂商积极布局，有消息称，全球无人机巨头大疆将于下月推出其首款消费级全景相 机。以全景相机为代表的整个产业也受到资本的高度关注，接受证券时报记者采访的多家投资机构表示，看好行业的发展前景，人工智能（AI）的发展会给行业带 来新的机会。 从专业设备到消费级爆款 全景相机火遍全球 全景相机是基于全景技术，能够实现全空间不同视角成像，利用算法自动拼接出360度全景图片或视频的智能影像设备。2015年，日本理光（Ricoh）发布第一款360 度全景相机，全景相机市场正式开启。彼时 ...

Core Viewpoint - The panoramic camera market is experiencing significant growth, with Yingshi Innovation leading the global market with a 67.2% share in 2023, attracting substantial capital interest due to rising content creation demands and the diversification of short video formats [1][4][6]. Market Overview - The global retail market for panoramic cameras is projected to grow from 2.51 billion in 2017 to 7.85 billion by 2027, with a compound annual growth rate (CAGR) exceeding 10% [1][6]. - The competitive landscape is shifting towards leading companies like Yingshi Innovation and DJI, as traditional digital cameras fail to meet new consumer demands for immersive and shareable experiences [2][4]. Competitive Landscape - Yingshi Innovation has maintained its position as the global leader in the panoramic camera market for six consecutive years, significantly outpacing traditional competitors like Ricoh (12.4%) and GoPro (9.2%) [4]. - The emergence of new players in the market, particularly from Shenzhen, is expected to enhance competition and innovation in the smart imaging sector [4][5]. Consumer Trends - There is a growing consumer interest in panoramic cameras due to their ability to capture immersive 360-degree images, which aligns with the increasing demand for documenting and sharing experiences in outdoor activities and family events [2][3]. - The launch of new products, such as DJI's upcoming consumer-grade panoramic camera, indicates a trend towards more accessible and user-friendly imaging solutions [5]. Investment Outlook - Investment institutions are optimistic about the future of the panoramic camera industry, particularly with the integration of AI technologies that could enhance user experiences and create new applications [6]. - The market's growth is supported by advancements in AI and the increasing penetration of panoramic cameras in various professional fields, including outdoor sports and smart cities [6].

以下文章来源于和讯商业 ，作者康嘉林 和讯商业 . 商业世界的故事、逻辑、认知。由"和讯商业"团队出品。 6 月 2 日晚间，影石创新（688775.SH）公布"打新"中签率 为 0.0355% 。 影石创新于 5 月 30 日正式开启发行申购，发行价 47.27 元 / 股，总市值 170 亿元，中信 证券为其保荐人。 影石创新是全景相机市场的 "王者"。区别于传统相机，全景相机能 360 度无死角拍摄，可以一次性把"前后左右上下的场景"全部拍进画面，成像后滑动屏幕可看 到整个环境。 这种堪称魔性的拍照玩法，还在 2025 年的社交平台上掀起了一阵旅行转场热潮： 戴着 insta360 相机，大头钉环游地球。 截至 5 月 27 日，在小红书上，该话题下已经有 478 万浏览量，其实，在"大头钉"成为流量密码前，用影石运动相机滑雪、全景相机的隐形自拍杆复刻《黑客帝 国》里的"子弹时间"等视频，也都收获了影像爱好者海量的关注。 用户的热情也让影石创新有了 "小大疆"的业界美誉，份额连续摸高，据弗若斯特沙利文的机构数据显示，截至 2023 年，影石i nsta360 在全球全景相机的市场份 额连续六年第一， 2 ...

（原标题：差点被南京大学开除的"技术帝"，成了相机"新王"） 6月2日晚间，影石创新（688775.SH）公布"打新"中签率为0.0355%。影石创新于5月30日正式开启发行 申购，发行价47.27元/股，总市值170亿元，中信证券(600030)为其保荐人。 影石创新是全景相机市场的"王者"。区别于传统相机，全景相机能360度无死角拍摄，可以一次性把"前 后左右上下的场景"全部拍进画面，成像后滑动屏幕可看到整个环境。 这种堪称魔性的拍照玩法，还在2025年的社交平台上掀起了一阵旅行转场热潮：戴着insta360相机，大 头钉环游地球。 截至5月27日，在小红书上，该话题下已经有478万浏览量，其实，在"大头钉"成为流量密码前，用影石 运动相机滑雪、全景相机的隐形自拍杆复刻《黑客帝国》里的"子弹时间"等视频，也都收获了影像爱好 者海量的关注。 在相机时代迟暮，手机影像不断内卷、进步的时刻，影石创新做对了什么？ 这就不得不提创始人刘靖康的创业经历。 在创立影石创新前，刘靖康曾组建团队推出了一个名为"名校直播"的APP，以视频采集与分发的方式， 试图让更多同学看到名校的讲座内容。 用户的热情也让影石创新有了"小大 ...

无人机明星企业大疆在深圳再拿地。据深圳卫视深视新闻消息，5月28日，深圳公共资源交易中心公布 T207-0066宗地出让结果，深圳市大疆创新科技有限公司以22.87亿元竞得。该宗商业用地位于沙河街道 深湾二路和白石支一街交叉口东南角，土地面积15657.68平方米，建筑面积188000平方米，使用年限30 年。综合楼面单价为12164.89元/平方米。 据悉，此次大疆在深圳湾超级总部基地成功拿地，拟打造智能航空系统产业生态全球总部项目。根据规 定，竞得人须在《出让合同》签订之日起2.5年内开工，6年内竣工。 据南方+，去年12月25日，深圳市政府官网发布《智能航空系统产业生态全球总部项目遴选方案》显 示，宗地位于深圳湾超级总部基地DU01-02地块，用地面积15658平方米，总建筑面积188000㎡。目前 意向用地单位为深圳市大疆创新科技有限公司。 根据公示，建成后，100%建筑面积在30年全出让年期内不得转让，办公部分仅可供大疆系及大疆系控 股企业使用。参考今年6月，南山区发改委对该地块征求意见稿，该地块位于白石四道和深湾二路交汇 处，招商银行全球总部大厦东侧，紧贴深超总公园绿轴，限高300米，欲建设250 ...

国内机票燃油附加费6月5日起将下调，800公里及以下航线免收附加费。 整理 ｜代明慧 点击上方【36氪随声听】，一键收听大公司热门新闻。听完音频记得添加进入 【我的小程序】 中哟！ 上海林清轩生物科技股份有限公司 36氪获悉，港交所文件显示，上海林清轩生物科技股份有限公司向港交所提交上市申请书，联席保荐人为中信证券和华泰国 际。 国内机票燃油附加费6月5日起将下调：800公里及以下免征 5月29日，记者从一机票销售平台了解到，该平台接航司通知，自2025年6月5日（含出票日期）起，调整国内航线旅客运输燃 油附加费征收标准。 具体调整为：成人旅客：800公里（含）以下航线免收燃油附加费，800公里以上航线每位旅客每航段收取10元燃油附加费。儿 童、按民航局规定享受优惠的残疾军人和因公致残的人民警察按实际收费标准减半收取，即800公里（含）以下及800公里以上 航线免收燃油附加费。按成人公布普通票价10％购票的婴儿旅客，免收燃油附加费。（北京青年报） 韩国生育率上升：单月出生人口9连涨 韩国统计厅28日发布的数据显示，2024年7月至今年3月，韩国单月出生人口连续9个月保持增势，2025年第一季度生育率也高 于去 ...

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。 市场格局尚未固化。 文 ｜ 张子怡 编辑 ｜ 袁斯来 来源｜ 硬氪（ID：south_36kr） 封面来 源 ｜ 企业官方 近日，硬氪从知情人士处独家获悉，大疆计划于7月推出其首款消费级全景相机DJI Osmo 360，全景相机赛道或将洗牌。 大疆这款产品早在2024年10月就通过美国联邦通信委员会（FCC）认证。从FCC披露的设计图来看，DJI Osmo 360采用双镜头对称结构，机身比市 面上主流全景相机更为紧凑。其内置1950mAh电池，与其运动相机Osmo Action 5 Pro规格一致。 图片来自FCC 目前主流的全景相机形态多为立杆式，在剧烈运动时，可能会出现不稳定的情况。根据FCC图片，大疆的产品更扁平，更容易收纳、携带和固定。 大疆Osmo 360 全景相机为影像领域的细分赛道，规模虽小，但成长迅速。 根据Frost & Sullivan统计，全球全景相机零售市场规模将从2017年的25.1亿元增长至2027年的78.5亿元，年复合增长超过10%。相比Go Pro等厂商， 大疆进入影像赛道稍晚，但无疑 ...