2024-09-18-深交所-科大讯飞_2024年半年度报告（英文简版）_72页_1mb

报告摘要

iFLYTEK Co., Ltd. 2024 Interim Report Summary

Core Content Overview

This document is the Interim Report 2024 of iFLYTEK Co., Ltd., a leading Chinese artificial intelligence company. It outlines the company's financial performance, business developments, strategic initiatives, and industry insights for the first half of 2024.

Key Definitions

Artificial Intelligence (AI): An emerging field that simulates, extends, and enhances human intelligence through technologies like speech recognition, speech synthesis, image recognition, and natural language understanding.
iFLYTEK Spark: A new-generation cognitive large language model (LLM) with seven core capabilities, including text generation, language understanding, and multimodal processing. It is a key platform for the company's AI industrialization.
"Super Brain 2030" Plan: An ambitious long-term strategy launched in 2022 to develop advanced intelligent systems and enhance human-machine collaboration, aiming to position iFLYTEK as a global AI leader.

Financial Highlights (H1 2024 vs. H1 2023)

Item	H1 2024 (RMB yuan)	H1 2023 (RMB yuan)	Change
Operating Revenue	9,324,545,041.14	7,841,552,405.17	+18.91%
Net Profit (Shareholders)	-400,665,617.21	73,571,996.11	-644.59%
Net Profit (Excluding Non-recurring)	-483,098,935.79	-304,109,160.61	-58.86%
Net Cash Flows from Operating Activities	-1,535,556,254.51	-1,528,741,829.11	-0.45%
Basic Earnings per Share	-0.1736	0.0318	-645.91%
Diluted Earnings per Share	-0.1729	0.0318	-643.71%
Weighted Average Return on Net Assets	-2.36%	0.44%	-2.80%
Total Assets	38,256,440,253.38	37,831,122,978.15	+1.12%
Net Assets (Shareholders)	16,656,438,953.58	17,032,284,511.72	-2.21%

Note: The significant drop in net profit is attributed to non-recurring items and operational challenges, which are detailed in the "Management Discussion and Analysis" section.

Non-recurring Profits and Losses

Total Non-recurring Impact (after tax): 82,433,318.58 RMB yuan
Key Items:
- Gain/loss on disposal of non-current assets: -1,382,878.19 RMB yuan
- Government grants: +62,849,478.72 RMB yuan
- Fair value changes of financial assets: +96,777,872.51 RMB yuan
- Investment management gains: +318,402.59 RMB yuan
- Other non-operating items: -64,580,341.20 RMB yuan
- Income tax impact: -12,177,641.51 RMB yuan
- Impact on non-controlling interests: -628,425.66 RMB yuan

Business Development and Strategic Initiatives

1. Industry Overview

AI has entered a new growth phase due to breakthroughs in large language models (LLMs) like ChatGPT.
Generative AI is expected to boost global GDP by 7% over the next decade.
China's AI policies are supportive, with AI included in the National Program for Medium and Long-term Science and Technology Development (2021–2035).
Key policy updates in 2024 emphasize "AI+" and "AI+" initiatives, highlighting the strategic importance of AI in driving economic and social development.

2. Company Strategy

iFLYTEK follows a "reaching for the sky, rooted on the ground" strategy, focusing on core AI technologies and industrial applications.
The company emphasizes "platform + business" models to drive AI ecosystem development.

3. Major Business Developments

iFLYTEK Spark was launched in May 2023 and has been continuously upgraded.
Spark V3.5 (January 2024) and Spark V4.0 (June 2024) are based on Feixing-1, a fully domestic computing platform.
Spark V4.0 matches ChatGPT-4 Turbo in multiple performance metrics and excels in 8 out of 12 mainstream test sets.
The iFLYTEK Open Platform provides 708 AI capabilities and supports over 7 million developers, including 580,000 large model developers and 400,000 overseas developers.
iFLYTEK has partnered with major companies such as Chery Automobile, Pacific Insurance, Bank of Communications, National Energy Group, and China Mobile to drive AI applications in key industries.

Key Business Applications

Smart Education: iFLYTEK's AI-driven education solutions are used in 32 provinces in China and overseas markets like Japan and Singapore.
Healthcare: AI is used for medical diagnostic support and educational evaluations.
Consumer Products: Includes AI learning devices, smart notebooks, recorders, translators, and hearing aids.
Smart Cities and Telecommunications: iFLYTEK is advancing AI integration in urban infrastructure and telecom services.
Automotive and Finance: The company is working with leading firms in these sectors to develop AI-based applications.

Corporate Governance and Compliance

The Board of Directors and Supervisory Board have confirmed the accuracy and completeness of the report.
The Company's financial statements are signed and sealed by the Chairman, accounting responsible person, and accounting supervisor.
The report does not require retroactive adjustments for previous years' accounting data.
No changes occurred in registered address, contact information, or disclosure outlets during the reporting period.

Conclusion

iFLYTEK continues to lead in AI development, particularly in large language models and intelligent speech technologies. Despite a sharp decline in net profit, the company is making strategic investments in domestic computing infrastructure and AI ecosystem development. The "Super Brain 2030" Plan underscores its long-term vision for AI innovation, with a focus on cognitive intelligence, multimodal capabilities, and industrial applications. The company remains committed to technological self-reliance and global AI leadership, supported by favorable government policies and collaborations with key industry players.