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Text | Perseverance

Source | Bowang Finance

On the evening of August 21, iFLYTEK released its 2024 semi-annual report. As a representative company in the field of artificial intelligence in China, iFLYTEK has previously stated that it will "all in on big models, focus on building a domestic big model application ecosystem" and launched the Spark Big Model 4.0 version. At present, how is the implementation of the big model, and what changes have taken place in the company's business level? Through the latest financial report, we may be able to get a glimpse of the leopard.

The report shows that iFLYTEK achieved operating income of 9.325 billion yuan in the first half of the year, a year-on-year increase of 18.91%, and gross profit increased by 19.08%; many core businesses achieved double-digit growth, with education and open platform and consumer businesses performing well, with revenues of 3.012 billion yuan and 3.512 billion yuan respectively; R&D investment in the first half of the year reached 2.19 billion yuan, a year-on-year increase of 32.23%.

iFLYTEK also announced a plan for its senior executives to increase their holdings, further demonstrating their confidence in the company's future development and recognition of its value. The announcement showed that iFLYTEK President Wu Xiaoru, Vice President Jiang Tao, and Vice President Nie Xiaolin would increase their holdings by RMB 20 million through a call auction.