Entering April, the first quarterly report of the listed company's annual report has been unveiled, and on the evening of April 11, iFLYTEK's voluntary information disclosure announcement for the full year of 2021 and the first quarter of 2022 was also released. According to the announcement data, iFLYTEK has experienced the repeated impact of the epidemic, market shock adjustment and other risks, still showing a good trend, the first quarter of 2022 operating income reached 3.506 billion yuan, revenue growth of more than 40%, net profit after deducting non-recurring gains and losses increased by 36.71%, cashing in on its dividends in education, medical care, automotive and other tracks.
Under the "double reduction" policy, iFLYTEK adheres to the value essence of education development, uses technological innovation to reduce the burden and increase efficiency for teachers and students, actively promotes the "five educations at the same time", and promotes the high-quality development of education with complete and mature wisdom education solutions and a large number of successful application cases.
Use artificial intelligence to help "teach according to aptitude". Xunfei's intelligent education program makes the textbook no longer boring, learning is no longer monotonous, improves students' interest in learning, and helps teachers improve the pertinence of 35.95% of homework evaluation, 33% of lesson preparation efficiency and 36.92% of homework assignment, and achieves a significant improvement in the teaching quality of the continuous college entrance examination in 2020 and 2021.
Learning machine business helps students reduce burden and increase efficiency. The Ministry of Education and other six departments clearly pointed out in the "Guiding Opinions on Promoting the Construction of New Education Infrastructure and Building a High-quality Education Support System" that "qualified places popularize personal learning terminals that meet technical standards and learning needs", and iFLYTEK learning machine has more advantages than traditional learning machines in analyzing students' knowledge weak links and analyzing and accurate learning based on knowledge graphs.
In the medical industry, iFLYTEK has contributed an extremely important intelligent exploration and intelligent achievement - intelligent medical assistants, covering 280 counties and districts across the country, providing an average of 770,000 intelligent medical assistants with daily diagnosis, effectively improving the service capabilities of grass-roots medical institutions, especially under the epidemic situation, assisting epidemic prevention and control personnel to follow up and investigate, and truly realizing the vision of artificial intelligence red use for the people. iFLYTEK said that its confidence in the long-term development space and competitiveness of the smart medical business will remain unchanged.
At the same time, the demand for automotive intelligence is growing, and iFLYTEK, as an excellent global voice technology provider, has gained more and more favor from international car companies. Multi-modal and cognitive aspects will gradually become standard in more models and become just needed.
In-depth cooperation opens up broad room for growth. From the initial provision of voice modules to auto manufacturers, to the provision of intelligent interactive components, and then to the current provision of intelligent audio control for cars, iFLYTEK has cooperated more and more content and services with automakers, and the unit price of customers will have a large room for growth in the future.
In the first quarter of 2022, iFLYTEK maintained a high-quality and high-growth trend in its business, achieving a year-on-year increase in operating income of 40%, which also reassured investors and the market, and iFLYTEK's base business officially entered the development harvest period, with the ability to drive the company's operation to achieve sustainable and rapid growth.