The performance of Iflytek Interim Report has greatly increased, and the new infrastructure of AI has brought new kinetic energy.

Author | Lv Mingxia

As a leading enterprise of artificial intelligence, Iflytek is showing the profit potential of AI business to the outside world.

Following the record revenue of 20 19, Iflytek once again gave a bright medium-term order. In the first half of this year, the company's revenue was 4.349 billion, and the net profit attributable to shareholders of listed companies increased by 36.28%.

It is worth mentioning that in the first quarter, when the adverse losses caused by the outbreak exceeded 654.38+0 billion yuan, Iflytek achieved an "accelerated rush" in the second quarter, and the net profit attributable to the mother and non-net profit deducted in a single quarter rose rapidly to 389 million yuan and 654.3.8+0.4654.38+0.00 billion yuan, with the former increasing by more than 300% year-on-year.

Judging from the eye-catching semi-annual report, Iflytek has stepped into the era of artificial intelligence 2.0, which has accelerated the pace of AI cashing in the core track. Especially with the acceleration of new infrastructure this year, the company is expected to usher in a bigger stage and development opportunities.

The epidemic only needs to be unaffected. Online education and medical services grew strongly.

Since the beginning of this year, many offline entities have been affected by the epidemic, but online education, online medical care, online office and other industries have been sought after, users' online usage habits have gradually developed, and the performance of related companies has exploded.

Iflytek, who has been committed to smart education and smart medical care, has been going smoothly. In the first half of the year, the two businesses achieved growth of 35% and 665% respectively.

In the first half of the year, Iflytek further realized the core functions of personalized learning scenes, such as pushing questions by people and pushing questions at different levels. The application effect of regional personalized teaching solution was verified in the reporting period and recognized by industry customers. After Bengbu, Anhui and the west coast of Qingdao, it continued to land in Wuhua, Kunming, Baise, Guangxi and Liangjiang District, Chongqing. At present, Tzu Chi studies. Com has covered more than 6000 schools in China, handling 35 billion pieces of process learning data every year.

In the direction of smart medical care, Iflytek's "Anhui Model" of artificial intelligence-assisted diagnosis and treatment began to be popularized throughout the country, which improved the diagnosis and treatment ability of grassroots units. At present, the "intelligent medical assistant" auxiliary diagnosis and treatment system has been put into use in 1 1 00 counties, more than 2,000 township-level medical institutions and more than 20,000 village-level medical institutions nationwide, providing more than 300,000 auxiliary diagnosis suggestions every day and serving hundreds of millions of people.

With the gradual implementation of online bidding in early March, various businesses promoted by the core technology of artificial intelligence in Iflytek have been accelerated. According to public information, the total amount of newly won contracts in the first half of the year increased by 1 19% compared with the same period of last year. Excluding Bengbu and Qingdao projects, the winning amount of smart education projects increased by 175% year-on-year. It can be seen that the epidemic has not significantly affected the long-term demand of related businesses in Iflytek, but has brought more growth opportunities.

To C business accounts for nearly 40%, and "AI+ Office" scene products are sought after.

With the development of science and technology, artificial intelligence not only empowers the industry to change the world, but also empowers individuals. Through artificial intelligence assisting machines, people can do more innovative work.

For example, in the office field, Iflytek released a series of products for different scenes and users around the market demand and user pain points of the "AI+ Office" scenario. At present, the auditory intelligent conference system has served 558 high-standard conferences, providing real-time transcription and subtitle translation support for many important conferences, such as China People's Political Consultative Conference, provincial people's congresses, and conferences at home and abroad.

In 2020, the company further enriched the product matrix, and launched the intelligent recording pen A 1 and Iflytek Conference Bao S8, which expanded the coverage of application scenarios and user groups and further enriched the product family of AI+ office. SR series products of Iflytek recording pen have also been further upgraded, including supporting sound source positioning, role separation, automatic summarization, comprehensive semantic understanding and analysis of recording content, automatic extraction of key information and other functions.

In addition, the company also cooperated with Migu Group to launch the smart reader R 1 and the industry's first color electronic ink screen reader, further expanding the company's layout for the C-end consumption field.

The semi-annual report shows that the company's To C business achieved operating income of 654.38+63.5 billion, accounting for 37.59% of the total revenue, higher than last year's 35.96%; The gross profit was 782 million, and the gross profit of To C business accounted for 39.24%.

Taking the performance of "6. 18 Promotion" in 2020 as an example, Iflytek's C-end products won 22 first prizes in three platforms: JD.COM, Tmall and Suning.cn, and the core category remained the first in sales for many years. Under the influence of the epidemic, it achieved contrarian growth, and the overall sales also achieved contrarian growth, with a year-on-year increase of more than 40%. Excluding the influence of Iflytek translator, the sales of other hardware increased by more than 140% year-on-year.

Standing on the cusp of new capital construction

The strongest industrial outlet in 2020 is new infrastructure.

In March this year, the central decision-making level stressed that it is necessary to speed up the construction of major projects and infrastructure that have been clearly defined in the national plan, including accelerating the construction of new infrastructure such as 5G networks, big data centers, artificial intelligence, and industrial Internet.

The "new infrastructure" represented by 5G, artificial intelligence, industrial Internet and Internet of Things is essentially the infrastructure of information digitization. According to the calculation of China Merchants Securities, the largest scale of new infrastructure investment in the next five years under the new caliber can reach 1 1 trillion. Making full use of digital information technology to empower traditional infrastructure is exactly the business category that Iflytek has been pushing and successfully commercialized on a large scale in recent years.

According to public information, Iflytek has reached comprehensive strategic cooperation with Guangdong provincial government and cities such as Guangzhou, Shenzhen, Dongguan, Foshan, Zhuhai, Yangjiang, Heyuan, Huizhou and Shanwei. The Development Plan for the New Generation of Artificial Intelligence in Guangdong Province clearly points out that "Iflytek should be supported to accelerate the construction of a new generation of artificial intelligence open innovation platform for intelligent voice countries". Up to now, Iflytek's scientific and technological innovation has been deeply applied to Guangdong-Hong Kong-Macao Greater Bay Area's education, medical care, politics and law, city, customer service and other fields.

On August 1 1, Iflytek signed a strategic cooperation framework agreement with the Jiangxi provincial government, and carried out in-depth cooperation in artificial intelligence, innovative cultivation and service of virtual reality industry, demonstration and application of key industries and fields, and training of legal and compliant talents.

A few days ago, Hefei issued the Implementation Plan for Promoting the Construction of New Infrastructure in Hefei (2020-2022), which clarified the development goals, specific tasks and safeguard measures for promoting the construction of new infrastructure in Hefei. It is mentioned that it is necessary to speed up the construction of artificial intelligence infrastructure, actively promote the construction of a new generation of artificial intelligence open innovation platform in intelligent voice countries, and establish an open source platform for the Internet of Things, smart homes, smart cars, education, medical care and other industries with deep learning algorithms as the core. For the leading enterprises strongly supported by Hefei Municipal Government, Iflytek will have more development opportunities.

We have noticed that "platform+track" is Iflytek's firm development strategy. In terms of platform, Iflytek launched the first domestic open platform of artificial intelligence on 20 10, continuously providing the entrepreneurs and massive users of mobile internet and intelligent hardware with the ability of artificial intelligence development and service, and actively building an industrial ecology with itself as the core.

At the same time, actively empower the industry to provide intelligent voice and artificial intelligence products and solutions for customers in operators, finance, insurance, electric power and other industries, improve user experience and reduce service costs; Application scenarios for human-vehicle interaction provide intelligent voice interaction products and solutions for the automotive industry.

By June 30th, 2020, the total number of open platform developers in Iflytek was 133W+, the total number of applications was 83W+, and the cumulative number of end users was 2.89 billion+.

In the application of track, Iflytek's artificial intelligence has realized the benign interaction between original technological innovation and industrial application in education, medical care, justice and office.