Insta360 is officially listed in the Shanghai Stock Exchange Section under the name Shadow Innovation, code 688775. The company issued 41 million shares, at a cost of $47.27 per share and a rate of 20.04 times the market rate.
The first day of the film innovation market was strong, and the opening price went up from $47.27 to $182, a 285.02 per cent increase, which at one time touched $190 and triggered a 20 per cent temporary cut-off mechanism. As at the time of closing, the total market value had stabilized at $7,982 million, at the top of the new stock in the Section.
Founded in 2015, with its headquarters in Shenzhen, it focuses on panoramic cameras, sports cameras and related AI image technology and is a leader in the global consumer-class panoramic image equipment. In 2024, the company earned 2.38 billion yuan, a 35 per cent increase over the same period and a net profit of 320 million yuan, a 42 per cent increase over the same period. The project, which brought together approximately 1,938 million yuan in film and innovation, will be used for the development of panoramic video technology, the optimization of AI algorithms and the expansion of the global market.
The core products of the film include panorama and sports cameras such as Insta360 X4, GO 3, which are widely used in Vlog, sports records and virtual reality (VR) scenarios. Its exclusive FlowStete tremors and AI editing algorithms are well received in the global market, with products sold to more than 100 countries and overseas revenues over 60 per cent in 2024. The company has also developed an AI-based image-processing platform to support automatic editing, scene recognition and 360o content generation, with significant technical barriers. According to market data, film innovation accounts for 45 per cent of the global panoramic camera market, leading GoPro (30 per cent).
The marketing of film innovation has provided sufficient funding for its globalization strategy. In the future, the company plans to scale up AI technology research and development and to launch new products that support 8K panorama video and real-time VR stream media, targeting the growth demand for the meta-cosm and short-video platforms. In addition, the Stone Innovation is working with Meta and Apple to explore an image solution for AR/VR equipment. Analysts predict that by 2025, the price of a film and stone innovation camp is expected to exceed $3 billion, and the share of overseas markets could increase to 70 per cent.
