Strengthen and consolidate product and market advantages Iflytek Co.Ltd(002230) 2021 revenue growth of 41%

On April 21, Iflytek Co.Ltd(002230) issued the annual report for 2021. During the reporting period, the company’s operating revenue was 18.314 billion yuan, a year-on-year increase of 40.61%; The net profit attributable to shareholders of listed companies was 1.556 billion yuan, a year-on-year increase of 14.13%.

During the reporting period, iFLYTEK open platform continued to provide rich AI capabilities in multilingual speech synthesis, multilingual speech recognition, natural language processing, graphic recognition, human-computer interaction and other fields, helping developers reduce development cycle and cost and promote efficient product integration. IFLYTEK open platform has opened 449 AI capabilities and solutions to the outside world, bringing together 2.93 million developers. It focuses on enabling 18 industries such as finance, agriculture and energy, providing rich intelligent voice and artificial intelligence capabilities and solutions for the industry. The AI marketing business based on iFLYTEK’s open platform helped the developer partners improve the commercial realization value, and the revenue increased by 55.55% year-on-year. In 2021, it won the only advertising award “China advertising Great Wall Award” approved by the State Council.

In 2021, Iflytek Co.Ltd(002230) “1024 developers’ Festival” brought together 46000 offline participants and more than 12 million online participants, and officially released the “open platform 2.0 strategy”. It cooperated with industry leaders to build an industry baseline base, open the scene to gather developers’ ideas, and further improve the landing efficiency by means of low code and zero code, so that all co builders of artificial intelligence industry can carry out ecological construction more efficiently and win-win.

During the reporting period, Iflytek Co.Ltd(002230) around the mission of “using AI to make work and learning more efficient and easy, and make life and entertainment more convenient and comfortable”, iteratively launched new intelligent hardware products around AI + office scene, further improving the influence of consumers’ brand. Consumer oriented channel marketing capabilities have also been significantly improved, consumer hardware sales grew 140% over the same period, GMV grew by 152%, Jingdong’s Tmall dual platform GMV grew by more than 80%, and vibrant new channels such as jitter also grew rapidly, forming a large-scale operation, becoming an important support for C tiktok sales. In August 2021, Iflytek Co.Ltd(002230) c-end consumer brand was newly upgraded to “hard core, ingenuity, enterprising and warmth”, creating a user-centered omni-channel offline retail model, opening up a total of 20 new direct stores in Beijing, Shanghai, Shenzhen, Hangzhou and Nanjing, establishing a flat organizational structure of offline expansion, direct sales, products, growth and training, completing model verification and having the ability of rapid replication.

Iflytek Co.Ltd(002230) said that in the future, it will further consolidate the international leading edge of core technology, strengthen and consolidate product and market advantages, and lead the accelerated growth of artificial intelligence industry; Through “base business” + “systematic innovation”, artificial intelligence is used to provide strong support for the development of major national strategic demand fields such as education and medical treatment, serve the people’s life with the application of innovative technical products, and build a better world with artificial intelligence.

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