Core Viewpoint - DJI's Osmo 360 represents a significant advancement in the panoramic camera market, combining flagship image quality, portability, and ecosystem synergy to redefine user experience in outdoor imaging [2][20]. Product Development and Market Context - DJI has expanded its business into panoramic imaging with the launch of the Osmo 360, which features a 1-inch sensor and supports native 8K at 50 frames per second, marking a strategic addition to its outdoor imaging product matrix [2][3]. - The global panoramic camera market is projected to grow from approximately 5 billion yuan in 2023 to 7.85 billion yuan by 2027, with an annual compound growth rate exceeding 11%, indicating a shift in consumer demand towards immersive travel and outdoor recording [3]. Technical Innovations - The Osmo 360 addresses the long-standing "impossible triangle" of image quality, size, and battery life in panoramic cameras by utilizing a custom square sensor that eliminates ineffective areas, enhancing sensor efficiency by 25% [7][8]. - The camera is capable of capturing 8K panoramic video and 120fps 4K footage, all within a compact 183-gram body, showcasing DJI's commitment to high performance and portability [12][14]. Ecosystem Integration - DJI aims to enhance the user experience by providing a unified color science across its devices, allowing seamless integration of footage from drones, action cameras, and the Osmo 360, thus simplifying post-production processes [18][19]. - The Osmo 360 supports automatic pairing with DJI wireless microphones and is compatible with existing accessories from the Osmo Action series, promoting flexibility and ease of use for content creators [18][19]. Strategic Vision - DJI's approach emphasizes a user-centric design process, focusing on understanding user needs before developing technical solutions, which has led to a comprehensive rethinking of panoramic imaging [5][20]. - The launch of the Osmo 360 is not merely a product update but a strategic move to redefine the standards of panoramic imaging, aiming to transition the category from niche to mainstream [20].

5月21日晚，影石创新披露招股意向书，公司启动发行，将于5月30日申购。至此，这家成立仅10年的智 能影像设备公司，历经5年IPO长跑，终于迈入科创板上市最后阶段。 影石创新的成功密码来源技术驱动以及全球化两大关键词。首先，影石创新凭借隐形自拍杆、AI剪辑 （FlashCut）、子弹时间等创新功能，打破了欧美品牌垄断。其研发投入逐年加码，2022-2024年累计达 14.8亿元，研发团队超千人，占员工总数57.68%，专利数突破900项。 据此次披露的业绩显示，影石创新2024年营收55.74亿元、同比增长53.29%，近三年复合增长率达 65.25%，净利润9.95亿元，毛利率稳定在50%以上。 影石创新的背后有着一个励志的创业故事。2014年，创始人刘靖康在南京大学软件工程系读大四，当时 市面上全景相机寥寥无几，让他萌生了研发便携式全景相机的想法。2014年，创始人刘靖康在南京大学 读大四时获得IDG资本和创业邦天使基金100万美元天使投资。2015年7月，他与几个同学一起在深圳创 立了影石创新。此后，公司陆续获得启明创投、迅雷网络、苏宁易购、招商局中国基金等投资机构的融 资。2020年4月，公司宣布已完 ...