Iflytek Co.Ltd(002230) : the revenue in 2021 was 18.3 billion yuan, with a year-on-year increase of 40.6%

On April 11, Iflytek Co.Ltd(002230) released the announcement on voluntary information disclosure of business conditions that actively responded to the general concerns of investors, which said that in 2021, the revenue was 18.314 billion yuan, a year-on-year increase of 40.61%, the net profit attributable to the parent was 1.556 billion yuan, a year-on-year increase of 14.13%, and the net profit not attributable to the parent was 979 million yuan, a year-on-year increase of 27.54%, which further improved the quality of operation.

During the reporting period, Iflytek Co.Ltd(002230) actively seized the strategic opportunities and increased future oriented investment and personnel reserve. In 2021, the company increased relevant R & D expenses by 628million yuan, and the total relevant R & D expenses reached 2.839 billion yuan, an increase of 28.43% over the same period of last year, increasing the personnel reserve by 3301 people.

With the growth of R & D investment and personnel reserve, Iflytek Co.Ltd(002230) AI core technology continues to make breakthroughs, the strategic layout results driven by source technology continue to appear, and the business scale and business efficiency are improved simultaneously. In 2021, Iflytek Co.Ltd(002230) won a total of 11 important international competitions in the key core technology field of artificial intelligence. The relevant achievements further strengthened the technical barriers and leading advantages of the company in the fields of education, consumers, medical treatment, automobile, smart city and so on.

Iflytek Co.Ltd(002230) “base business” is deeply rooted, and the scale of application continues to expand. “Base business” accounts for more than 50% of the company’s total revenue. The number of intelligent application platforms has been further consolidated by the end of December, with the number of developers in the national intelligent application center reaching 2.3 million.

In addition, the revenue of Iflytek Co.Ltd(002230) first quarter of 2022 was 3.506 billion yuan, a year-on-year increase of 40.18%, deducting 145 million yuan of non profits, a year-on-year increase of 36.71%. The company’s base business has established sustainable development and long-term profitability, and began to enter the development harvest period, driving the company’s operation to achieve sustainable and rapid growth.

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