Insta360 Shares Rebound 2.29% After Hitting Record Low as First-Half Profit Drops 94.15%

Insta360, the Shenzhen-listed action camera maker known as the “first stock of panoramic cameras,” rose 2.29% to 111.38 yuan a share on September 4 after hitting an all-time low of 108.18 yuan in the previous session, according to Jiemian News. The stock has fallen about 71% from its September 2025 peak of 377 yuan, while its market value has shrunk from more than 150 billion yuan at its high to about 44.6 billion yuan. Jiemian News reported that the company’s first-half revenue rose 50.29% year on year to 5.517 billion yuan, but net profit attributable to shareholders plunged 94.15% to 30.4073 million yuan. Excluding non-recurring items, it posted a loss of 15.3392 million yuan, its first such loss since listing. Second-quarter revenue grew 31.08% to about 3.035 billion yuan, while quarterly net profit turned to a loss of about 54.21 million yuan from a profit of 340 million yuan a year earlier. The company said gross margin fell to 41.42% in the first half from 51.22% a year earlier, citing higher raw-material costs, especially storage chips, and heavy investment in its new drone business. It also said first-half R&D spending rose to 18.78% of revenue. Jiemian News added that Insta360 has accelerated product launches this year, including new camera, microphone and phone accessory products, while competition from DJI and a smaller-than-expected panoramic camera market have weighed on sentiment.