Shulou(Shulou.com)11/24 Report--

On the evening of April 20, iFLYTEK (SZ.002230) released its 2022 annual report and 2023 Q1 financial report. In 2022, Kedaxun Fei achieved double growth in revenue, with a revenue of 18.82 billion yuan and a gross profit of 7.684 billion yuan. Q1 revenue in 2023 is 2.888 billion yuan.

The company announced that in the face of the major opportunities brought about by the leap in cognitive intelligence technology, and relying on the long-term accumulation of the national key laboratories of cognitive intelligence, the company launched the "Special Research on the Cognitive Intelligence Model" on December 15, 2022, and will officially release the iFLYTEK Spark Model on May 6, 2023.

The new investment in the above key projects has affected the profits in the first quarter to a certain extent, but it will not only significantly improve the competitiveness of the company's existing products, but also provide a new opportunity for the company to deeply participate in the reshaping of the Internet industry, providing a broader space for iFLYTEK to realize its industrial dream of "building a better world with artificial intelligence".

Based on the progress in domestic substitution and business development, the company expects to achieve positive growth in revenue and gross profit from the second quarter, and is confident of achieving the goal of high-quality growth for the whole year, the company said.

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