iFlytek recently released its 2024 financial report, revealing impressive results. The company achieved a revenue of 23.343 billion yuan, representing a year-on-year increase of 18.79%. This marks iFlytek's return to double-digit growth after a two-year hiatus. Simultaneously, its net profit attributable to shareholders reached 560 million yuan, demonstrating a steady improvement in profitability.
iFlytek's performance in the first quarter of 2025 was equally outstanding. Revenue reached 4.658 billion yuan, a remarkable 27.74% year-on-year growth. Net profit attributable to shareholders and non-net profit increased by 35.68% and 48.29%, respectively. These figures suggest that iFlytek's earlier investments in AI are now paying off handsomely.
iFlytek's success is largely attributed to its "Spark large model" project, which is being aggressively implemented in education, healthcare, and finance. By combining domestic computing power with independent algorithms, iFlytek has demonstrated both technological superiority and strong commercialization capabilities. Revenue from these emerging businesses is steadily increasing, particularly in smart education and medical AI, reflecting the company's competitiveness in niche markets.
Strategically, iFlytek adopted a new approach focusing on "optimizing the C-end, strengthening the B-end, and selecting the G-end." By increasing the proportion of C-end revenue and strengthening B-end cash flow, the company achieved a high sales collection rate. Furthermore, iFlytek established a dedicated collection department to further optimize accounts receivable management and ensure stable operating cash flow.
It's noteworthy that iFlytek's independent R&D capabilities in large model technology are key to its market leadership. In the complex global political and economic environment, possessing independent and controllable technological barriers is crucial. iFlytek's Spark large model not only dominates the domestic market but also achieves complete autonomy in algorithms and computing power.
Looking ahead, iFlytek will continue to strengthen its independent R&D efforts, promote the widespread application of large models, and strive for deeper implementation across various industries.
