According to the SDIC Securities Research Report, iFLYTEK expects revenue and gross profit to increase by 15%-20% in the first half of 2025 compared to the same period of the previous year, and net profit to be increased by 30%-50% over the same period of the previous year. Gross profit for the first half of the year will increase by more than 600 million yuan, and total sales repayment will be about 10.3 billion yuan, an increase of about 1.3 billion yuan over the same period last year. As of June 30, net cash flow from operating activities increased by more than 700 million yuan compared to last year, an increase of about 50%. On July 17, the company released 16 major summer upgrades to the iFLYTEK AI learning machine, covering a number of AI capability improvements, including the elementary school math AI accuracy upgrade, pioneering an AI 1-on-1 interactive consultation plan; adding a junior high school math AI group paper, and personalized exclusive test papers. The company's AI learning machine capabilities have been further improved. As a leading enterprise in the domestic artificial intelligence industry, iFLYTEK has always adhered to the “top of the world” development strategy, maintained investment in cutting-edge AI technology, and achieved large-scale commercialization of artificial intelligence in various fields at GBC. The company relies on the big model of general cognitive intelligence, the Spark Big Model to achieve vertical scenarios and product implementation, which is expected to further enhance its competitive advantage. Considering that the company is still in the investment period for large-scale model development and domestic computing power, PS is used for valuation to maintain a “buy-A” investment rating, and a target price of 61.29 yuan for 6 months is given, which is equivalent to 5 times the dynamic market sales rate in 2025.

According to the SDIC Securities Research Report, iFLYTEK expects revenue and gross profit to increase by 15%-20% in the first half of 2025 compared to the same period of the previous year, and net profit to be increased by 30%-50% over the same period of the previous year. Gross profit for the first half of the year will increase by more than 600 million yuan, and total sales repayment will be about 10.3 billion yuan, an increase of about 1.3 billion yuan over the same period last year. As of June 30, net cash flow from operating activities increased by more than 700 million yuan compared to last year, an increase of about 50%. On July 17, the company released 16 major summer upgrades to the iFLYTEK AI learning machine, covering a number of AI capability improvements, including the elementary school math AI accuracy upgrade, pioneering an AI 1-on-1 interactive consultation plan; adding a junior high school math AI group paper, and personalized exclusive test papers. The company's AI learning machine capabilities have been further improved. As a leading enterprise in the domestic artificial intelligence industry, iFLYTEK has always adhered to the “top of the world” development strategy, maintained investment in cutting-edge AI technology, and achieved large-scale commercialization of artificial intelligence in various fields at GBC. The company relies on the big model of general cognitive intelligence, the Spark Big Model to achieve vertical scenarios and product implementation, which is expected to further enhance its competitive advantage. Considering that the company is still in the investment period for large-scale model development and domestic computing power, PS is used for valuation to maintain a “buy-A” investment rating, and a target price of 61.29 yuan for 6 months is given, which is equivalent to 5 times the dynamic market sales rate in 2025.