[summary]
Among the A-share listed companies, the company whose annual operating revenue has maintained a growth rate of more than 20% in the past decade, Iflytek Co.Ltd(002230) is one of the few companies, which shows its competitive advantage. The infrastructure investment related to artificial intelligence and the base platform of education, health care and digital economy transformation that Iflytek Co.Ltd(002230) is doing are the main directions of government investment in the next step. As an AI national team, Iflytek Co.Ltd(002230) is expected to continue to maintain high revenue growth.
At the same time, according to our previous combing, Iflytek Co.Ltd(002230) the current static PE (according to the profit expectation of 2021) is about 63 times, and the dynamic PE (according to the profit expectation of 2022) is only 47 times, which is almost the lowest since 2012. The current price safety margin is high.
The first A-share artificial intelligence stock Iflytek Co.Ltd(002230) has been frequently investigated by institutions recently. On February 15, Iflytek Co.Ltd(002230) ushered in BlackRock, South Fund, Kaifeng investment and other investigations. We will sort out the important information:
\u3000\u3000 1。 Education business
In 2021, the company’s business of teaching students in accordance with their aptitude will achieve a large-scale growth of 1 to N, with an overall coverage of 20 + urban areas (counties) across the country. At the same time, the local business can further bring more equipment renewal, capacity expansion and incremental services.
The English listening and speaking test covers the national college entrance examination in 14 provinces and cities and the high school entrance examination in 87 prefectures and cities;
In 2021, the number of fee paying schools increased by 50% and the scale of users increased by 40% year-on-year. In particular, the user effectiveness was widely recognized by teachers and students. The renewal rate increased from 75% to 90% in 2021 and the conversion rate increased from 58% to 65% in 2021;
IFLYTEK’s C-terminal sales volume has increased by 150%, and the user recommended NPs (net recommended value) value ranks first in the industry. It is ushering in large-scale growth.
\u3000\u3000 2。 Smart city
In 2021, the total scale of large orders of smart city with more than 100 million yuan was 1.745 billion yuan, ranking first. The top three are iFLYTEK, Huawei and Tencent.
In 2021, 3 smart city base areas will be added, and another 12 will be added in 2022. In the past year, the number of base cities of iFLYTEK smart city has increased from 10 to 13. Many businesses have been established outside the province to form benchmarks. Further development breakthroughs will be made in 2022, with 25 base cities.
3. Smart car
2021 more than 200 cooperative models were added last year.
4. Operator business
Through cooperation with operators, reconstruct a warm home center for each family’s large TV screen. Through iFLYTEK voice remote control, 60 million people were activated last year, with a daily life of more than 6 million, and the number of users will exceed 10 million this year.
5. Open platform business
In 2021, the number of developers increased by 1.17 million: iFLYTEK open platform, as China’s first online iFLYTEK artificial intelligence open platform, the number of developers increased by 1.76 million from 2010 to 2020, while in 2021 alone, the number of developers increased by 1.17 million. As of December 31, 2021, iFLYTEK open platform has opened 449 AI products and capabilities, gathered more than 2.93 million developer teams, and the total number of applications is more than 1.37 million. The artificial intelligence industry ecology centered on Iflytek Co.Ltd(002230) has been continuously constructed.
6. IFLYTEK super brain
Iflytek Co.Ltd(002230) jointly undertake the 2030 major project of “brain science and brain like research” with Beijing Normal University, and the iFLYTEK Super Brain 2030 major project officially launched by the University of science and technology in January 2022. IFLYTEK Super Brain 2030 is a complex intelligent system that enables machines to perceive people and the environment in all aspects, understand knowledge from all walks of life, have general knowledge and emotion, can move flexibly, can express in multiple dimensions, and create sustainable and independent evolution, Help families accompany Siasun Robot&Automation Co.Ltd(300024) into thousands of households. The strategic goal is to make every family have Siasun Robot&Automation Co.Ltd(300024) that can serve tea and water, accompany Services and care for health. Service Siasun Robot&Automation Co.Ltd(300024) is a trillion huge market.
Nine party comments: among A-share listed companies, the company whose annual operating revenue has maintained a growth rate of more than 20% in the past decade, Iflytek Co.Ltd(002230) is one of the few companies, which shows its competitive advantage. The infrastructure investment related to artificial intelligence and the base platform of education, health care and digital economy transformation that Iflytek Co.Ltd(002230) is doing are the main directions of government investment in the next step. As an AI national team, Iflytek Co.Ltd(002230) is expected to continue to maintain high revenue growth.
At the same time, according to our previous combing, Iflytek Co.Ltd(002230) the current static PE (according to the profit expectation of 2021) is about 63 times, and the dynamic PE (according to the profit expectation of 2022) is only 47 times, which is almost the lowest since 2012. The current price safety margin is high.
