Insta360 vs DJI: 1-Year Fierce Battle Journey – From 100-Billion-Yuan Market Capitalization to Zero Profit
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"I've decided I'll never step into the camera track again, the work intensity is far too high", a former Insta360 employee sighed to Tech Planet. As working hours keep getting longer and KPIs increasingly heavier, in the office buildings of Bao'an District, Shenzhen, the company he used to work for is now part of one of the most hyper-competitive sectors in China. Over the past few years, action cameras have expanded from niche geek toys to mass consumer products. But behind the bustling prosperity, the offensive and defensive battle between industry giants has reached white-hot intensity. Insta360 launched its panoramic drone product line, while DJI started developing panoramic cameras, with both marching into each other's core business territory. The 2026 semi-annual report recently disclosed by Insta360 also confirms the brutal reality of industry competition. Financial reports show that Insta360 achieved an operating revenue of 5.517 billion yuan in the first half of the year, a substantial year-on-year increase of 50.29%, but the net profit attributable to shareholders of the listed company was only 30.4073 million yuan, plummeting 94.15% year-on-year; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses even recorded a loss of 15.3392 million yuan, marking the first shift from profit to loss since the company...
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