According to a research report by Huatai Securities, there is a prevailing market belief that Chinese brands are poised to gradually overtake GoPro, leveraging their cost advantages to dominate the intelligent imaging sector. However, the broader trends of category diversification and the multifaceted competitive strengths of Chinese brands have been somewhat overlooked. Huatai Securities highlights that Chinese brands, drawing on the robust consumer electronics supply chain, have carved out cost and product innovation advantages, thereby solidifying their competitive edge on the global stage. Concurrently, the advent of new product categories, such as handheld smart cameras and panoramic drones, has broadened photography applications and tapped into latent consumer demand for shooting, paving the way for sustained market expansion. Leading Chinese intelligent imaging companies, armed with ‘category-defining capabilities, algorithmic differentiation, and supply chain synergy,’ are progressively crafting a ‘hardware + AI services’ business model that promises expansive growth trajectories.