iFlytek: Net loss is expected to be 380 million to 460 million yuan in the first half of the year, with new investment in large models exceeding 650 million yuan

According to news from this website on July 6, iFlytek released its 2024 semi-annual performance forecast last night. The company is expected to have a net loss of 380 million yuan to 460 million yuan in the first half of the year, and a profit of 73.572 million yuan in the same period last year, a decrease of 725.24% from the same period last year. %～616.50%.

iFlytek said that in the first half of 2024, the company will fully increase its investment in the research and development of the "iFlytek Spark Large Model" and at the same time accelerate the implementation and promotion of the large model. The company has taken the initiative to adjust its revenue structure, and its operating income and gross profit are expected to increase by 15%-20% in the first half of 2024. Gross profit growth is higher than revenue growth.

This site has learned that iFlytek’s gross profit increased by approximately 600 million yuan in the first half of 2024. Net profit attributable to the parent company and net profit after deducting non-profit items decreased compared with the same period last year. The main reason is that in the first half of 2024, the company invested more than 650 million yuan in new research and development of large models, independent controllability of core technologies and controllable industrial chains, as well as the implementation and expansion of large model industries.

In addition, other influencing factors include:

In the first half of 2023, financial assets such as Sanxing and Cambrian held by the company achieved relatively large investment returns. Investment income in the first half of 2024 decreased by approximately 140 million yuan compared with the same period last year. ;

Other income decreased by approximately 120 million yuan compared with the same period last year;

Provision for bad debts increased by approximately 100 million yuan compared with the same period last year.

The above is the detailed content of iFlytek: Net loss is expected to be 380 million to 460 million yuan in the first half of the year, with new investment in large models exceeding 650 million yuan. For more information, please follow other related articles on the PHP Chinese website!