iFlytek’s revenue in the first half of 2024 was 9.325 billion yuan, a year-on-year increase of 18.91%, with a net loss of 401 million yuan

According to news from this site on August 21, iFlytek today announced its results for the first half of 2024. This site summarizes as follows: operating income was 9.325 billion yuan, a year-on-year increase of 18.91%; net profit attributable to shareholders of listed companies was -401 million yuan , a profit of 73.57 million yuan in the same period last year, a year-on-year loss of -644.59%. The company's net cash flow was -1.191 billion yuan, a year-on-year decrease of 81.76%, of which operating cash flow was -1.536 billion yuan, a year-on-year decrease of 0.45%. Educational products and services achieved revenue of 2.86 billion yuan, a year-on-year increase of 25.14%; smart medical business achieved revenue of 228 million yuan, a year-on-year increase of 18.80%; open platforms achieved revenue of 2.345 billion yuan, a year-on-year increase of 47.92%; smart hardware achieved revenue 900 million yuan, a year-on-year increase of 56.61%; the smart car business achieved revenue of 352 million yuan, a year-on-year increase of 65.49%.

iFlytek said that its gross profit increased by 601 million yuan in the first half of the year, and non-net profit decreased by 179 million yuan compared with the same period last year. The main reason is that the company actively seizes new historical opportunities in general artificial intelligence. The new investment in research and development, independent control of core technology and industrial chain control, as well as the implementation and expansion of large-model industries exceeded 650 million yuan, which affected the company's short-term operating performance.
In addition, iFlytek also announced tonight that some executives plan to increase their holdings of the company's shares through centralized bidding transactions, with the total increase in holdings being no less than 20 million yuan (the implementation period of the holding increase plan is the company's 2024 semi-annual report Within 6 months from the date of publication).

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