iFLYTEK has developed with high quality and built core technologies around rigid needs
On January 30, iFLYTEK held a small inter-agency exchange meeting to make specific responses to the concerns of ** and investors. According to the previous performance forecast, iFLYTEK's operating income and gross profit still achieved a slight increase, and the operating income is expected to be 183 in 202214-2014.500 million yuan.
Despite the impact of the epidemic and the international situation, iFLYTEK's operating income and gross profit still increased slightly compared with the previous year. Many investors are concerned about how iFLYTEK will cope with the challenges of the past year, and more importantly, how to grasp the certainty of the future and achieve long-term stable growth. Chairman Liu Qingfeng gave the answer at the 2023 conference, that is, to pay attention to the current needs within the framework of key social proposals, and to bridge the generation gap with basic technology and system innovation.
The global political economy is full of uncertainties, which has been the same situation that companies and investors have faced in recent years. in the company"Fourteenth Five-Year Plan"KDDI emphasizes its location-based business because it targets indispensable needs and is an anchor in the ocean of change. In 2022, KDDI's sustainable local business will grow by 23% compared to the previous year, especially in the key area of smart education, with 300 new schools going live in personalized learning Xi manuals, new market coverage for English listening and speaking business, 53% increase in machine learning Xi revenue, and more than 5,000 schools covered by after-school service platform. Medical, automobile, urban, consumer and other bases have also made breakthroughs, reaching the foreseeable annual scale of 65 billion, and the joint efforts of multiple fields have become the basic driving force for the company's long-term sustainable development.
It is worth noting that among the 20 projects (contract amount of 3 billion) postponed by iFLYTEK in the fourth quarter, 60% are expected to be related to smart education, 40% are related to smart medical care and smart city, this part of the project has not been canceled, and the income dividend will be postponed to next year 2022. In the direction of industrial Internet, new product research and development and business development investment, and steady growth on the basis of maintaining the original industry, these investments will bring new growth opportunities to the company.
Basic technological innovation is a solid foundation for industrial development. At the 2022 General Assembly,"iFLYTEK SuperBrain 2030 plan"Start, driven by this, promote the systematic innovation of source technology, break through multi-mode perception, multi-dimensional expression of complex scenes, cognitive intelligence and AI motion intelligence algorithms, and break through the key hardware and software technologies of software and hardware integrated robots, so that digital virtual humans and software and hardware integrated robots can understand knowledge, learn Xi, and have emotions, and can enter and serve hundreds of millions of domestic users in the future. Progress has been made in the main human-computer interaction technology, speech recognition technology, artificial intelligence movement core technology, cognitive technology, etc., and is oriented to various application scenarios.
The commercial application of artificial intelligence technology is of great significance to industrial transformation and upgrading, which is exactly the future that iFLYTEK hopes to see in the project. The development of anything is like a wave, and the key to development is to return to the essence of value creation. As the only listed company in China's A** field with an annual revenue growth rate of more than 25% for ten consecutive years, I believe that iFLYTEK can plan for the future according to its long-term strategy and realize the uniqueness of AI development.
At the 2023 annual meeting, Liu Qingfeng, chairman of iFLYTEK, proposed to start the company's high-quality development stage, clarifying the four key dimensions of the high-quality development stage: profit, cash flow, per capita efficiency and sustainability, achieving an annual increase of 30% in profits, doubling the per capita efficiency within three years, and 80% of the company's business within five years is dominated by local flow business, with revenue exceeding US$50 billion and gross profit exceeding the goal of US$20 billion. 2023 is a critical period for economic recovery, and KDDI will rely on core areas and system innovation to achieve higher-quality growth on a more solid foundation.