IFLYTEK(SZ:002230) Xin Lang Cai Jing·2025-07-31 17:12Core Viewpoint - Controversy arises from Liu Qingfeng's comments on Elon Musk, questioning Musk's understanding of artificial intelligence and comparing the capabilities of iFlytek with Tesla [2][4] Company Overview - iFlytek, founded by Liu Qingfeng in June 1999, is a leading AI voice technology company in China, with Liu holding various positions including President and Chairman [5][6] - The company has launched the "Xunfei Spark" cognitive model, but its financial performance has been disappointing [6][8] Financial Performance - iFlytek's profit declined by 64% in 2022 and is projected to drop by 14.78% in 2024 [6] - The net profit attributable to shareholders for 2024 is expected to be 560 million, with a significant difference between net profit and non-recurring profit, indicating reliance on government subsidies [6][7] - From 2022 to 2024, iFlytek received a total of 1.296 billion in government subsidies, which significantly supported its profitability [7] Market Position - The company's stock price has halved compared to the beginning of 2023, with a year-to-date increase of only 2.22%, underperforming the CSI 300 index [8]