A: Basic Information of the Company
Full Name: iFLYTEK Co., Ltd./iFLYTEK Co., Ltd.
Stock Code: 002230
Stock Abbreviation: iFLYTEK
Region: China
Industry: Computer, Communication and Other Electronic Equipment Manufacturing
Date of Establishment: June 9, 1999
Founder: Liu Qingfeng
Company Website: https://www.xfyun.cn
Registered Address: No. 666 West Wangjiang Road, High-Tech Zone, Hefei, Anhui Province
Total Shares Outstanding: 2,216,039,425 shares (as of June 30, 2024)
Business Operations: Focusing on the core research and industrialization of intelligent speech and artificial intelligence, developing various products from large-scale telecommunication applications to small embedded applications, from industries such as telecommunications and finance to enterprise and home users, from PCs to mobile phones to MP3/MP4/PMP and toys.
Company Profile: iFLYTEK Co., Ltd. is the largest provider of intelligent speech technology in China, committed to the research and development of intelligent speech technology, and holds a leading position in technologies such as Chinese speech synthesis, speech recognition, and oral assessment. As the only "National 863 Plan Achievement Industrialization Base" and "National Key Software Enterprise" in the direction of voice technology industrialization, iFLYTEK has a significant competitive advantage and market leadership in the field of intelligent speech technology.
B: Value Investment Analysis
Key Financial Indicators:
In 2023, the company achieved a total operating income of 19.65 billion yuan, a year-on-year increase of 4.41%; net profit of 657 million yuan, a year-on-year increase of 17.12%; basic earnings per share of 0.28 yuan.
In the first half of 2024, the company achieved a total operating income of 9.325 billion yuan, a year-on-year increase of 18.91%; net profit attributable to the shareholders of the listed company was -401 million yuan, a year-on-year decrease of 644.59%, turning from profit to loss.
Company Investment Value:
As a leading enterprise in China's artificial intelligence sector, iFLYTEK possesses strong R&D capabilities and market competitiveness. The company has deep technological accumulation and a leading market share in the field of intelligent speech technology, with its products and solutions widely applied across various industries including education, healthcare, finance, automotive, smart cities, operators, and industrial sectors. With the continuous advancement of artificial intelligence technology and the expansion of application fields, iFLYTEK's market space and investment value will continue to grow.
Company Growth Potential:
iFLYTEK continues to increase R&D investment in the field of artificial intelligence, promoting technological innovation and product upgrades. The company's iFLYTEK Xinghuo cognitive large model has been deeply applied in various industrial fields, driving business growth and market expansion. In addition, the company's layout in key areas such as education and healthcare provides a solid foundation for long-term development. As the commercialization process of artificial intelligence technology accelerates, iFLYTEK's growth potential will be further unleashed.
Industry Support Policies:
The Chinese government places great emphasis on the development of the artificial intelligence industry, introducing a series of policies to support the R&D and industrial application of artificial intelligence technology. These policies provide a favorable development environment and market opportunities for artificial intelligence companies like iFLYTEK, helping to promote the company's continuous business growth and technological innovation.
International Policy Risks:
As a global artificial intelligence enterprise, iFLYTEK needs to face the policy environment of different countries and regions. Although the company has established a relatively sound compliance system, factors such as international trade friction and restrictions on technology exports may still have certain impacts on the company's international business.
A.Top's Investment Review:
iFLYTEK, as a leading enterprise in China's artificial intelligence industry, demonstrates strong investment value and growth potential with its core technological advantages in intelligent speech technology and rich industry application experience. With the rapid development and expanding application fields of artificial intelligence technology, iFLYTEK's market position and competitiveness will be further enhanced, bringing considerable returns to investors.