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iFLYTEK's base business took off Artificial intelligence leading stocks opened a rebound mode

At the 2022 company cloud annual meeting held recently, Liu Qingfeng, founder and chairman of iFLYTEK, announced on the platform that last year, iFLYTEK's base business accounted for more than 50% of revenue, and it is expected that the growth rate will exceed 60% in 2022, and it has the ability to cross the economic cycle. This means that among the 100 billion yuan revenue target of iFLYTEK, the base business will contribute about 80 billion yuan.

iFLYTEK's base business took off Artificial intelligence leading stocks opened a rebound mode

As a leading stock in artificial intelligence, iFLYTEK's boss platform has gradually reassured the secondary market. According to iFinD data from Flush, after hitting a historical low of 43.37 yuan / share on January 28, iFLYTEK gradually opened a rebound mode, and in 13 trading days, Qilianyang rose by 4.25%, rising to 46.29 yuan / share, a new high in recent times.

iFLYTEK is a state-level backbone software enterprise specializing in the research of artificial intelligence core technologies such as speech and language, natural language understanding, machine learning reasoning and independent learning, artificial intelligence product research and development and industry application landing. As of February 9, a total of 30 institutions have made forecasts for iFLYTEK's 2021 annual results, with an average forecast net profit of 1.8101 billion yuan.

At present, iFLYTEK's "base business" has been built into a sustainable development advantage of "just need + generation difference", and iFLYTEK's base business will enter a period of development harvest in 2022.

Specifically, in the business of smart education base areas, more than 20 urban counties were added to the teaching according to their aptitudes last year, and the income increased by 48%, and more than 50 urban counties will be achieved this year. Under the big logic of the base area in 2022, the gross profit of business contracts is expected to increase by more than 80%, which is encouraging in the current financial investment and economic context.

iFLYTEK's base business took off Artificial intelligence leading stocks opened a rebound mode

In the smart city base area, last year, the Jianghuai big data center platform that iFLYTEK participated in the construction of was all connected to 16 prefectures and cities in Anhui Province, with a total data volume of 140 billion; the Anhui Shitong APP accumulated 330 million downloads, with more than 10 million monthly active users, and the Ankang code guarded 74 million people to travel safely; in 2021, the number of base cities increased from 10 to 13, and many businesses have landed outside the province to form benchmarks, and will further develop and break through in the future.

In the consumer base, iFLYTEK translators, voice recorders and other more and more new products, also occupy an important position in the industry, the formation of iFLYTEK loyal fan base, online marketing platform C-end hardware growth reached 140%, the overall development is booming. Liu Qingfeng announced on the spot that he would build a home of tens of millions of users and make progress together with the help of more users. Consumers are expected to achieve revenue growth of more than 50% in 2022, and the C-end business continues to rise.

In the smart medical base area, after the normal application of the smart medical assistant in each place, it further drives the follow-up of family doctors, drives the management of chronic diseases, and saves the medical expenses of the people. Last year, the average daily diagnosis provided by GP assistants has reached 770,000, an increase of 40%, and the annual valuable correction diagnosis has exceeded 170,000. The country has covered 280 counties and districts, and the daily visits of family doctor assistants have increased by 100%. The medical business is expected to double revenue in 2022.

In the smart car base area, in 2021, iFLYTEK will add more than 200 new cooperative models, the fixed-point reserve will increase by 90%, the front-loading vehicle will reach 7 million, and the multilingual technology will continue to be recognized in the application of international car companies. The automotive business is expected to achieve 70% revenue growth in 2022.

In the carrier base area, in 2021, iFLYTEK will rebuild the home center by relying on the TV screen, with 60 million remote control activated users and more than 6 million daily active users. Carrier business revenue is expected to grow by 50% in 2022.

"The base business has a continuous source of revenue and can grow sustainably, allowing us to change the world with innovation. In 2022, we are more confident than ever to achieve the 14th Five-Year Plan goal! Liu Qingfeng said.

Upstream journalist Li Shu

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