IFLYTEK(SZ:002230) Zheng Quan Shi Bao Wang·2025-09-29 15:00Core Viewpoint - The company, iFlytek, is revising its fundraising plan for 2025 to include a new "computing power platform" project, allocating 2.4 billion yuan for this initiative while maintaining the total fundraising amount at 4 billion yuan [1] Group 1: Fundraising and Investment Plans - iFlytek plans to raise up to 4 billion yuan, with 800 million yuan allocated for the Spark Education large model and typical products, and 3.2 billion yuan initially intended for working capital [1] - The revised plan introduces a third project, the "computing power platform," which will receive 2.4 billion yuan, while the working capital allocation is reduced to 800 million yuan [1] - The adjustments are subject to approval at the shareholders' meeting [1] Group 2: Computing Power Strategy - iFlytek will implement the computing power platform project through a computing power leasing model, aiming to expand computing capacity to support large model research and algorithm innovation [2] - The demand for computing power is increasing due to the growing scale of model parameters and training data, alongside the rising computational requirements of deep reinforcement learning [2] - The company faces challenges due to the relatively late start of domestic AI chips and a weak domestic computing power software ecosystem, leading to a "bottleneck" issue in computing power [2] Group 3: Collaboration and Recognition - iFlytek has established long-term collaborations with domestic computing power manufacturers such as Huawei and Cambrian, focusing on utilizing domestic computing clusters to address hidden issues in the underlying software and hardware [3] - The company's efforts in optimizing the use of computing resources have garnered recognition and support from national and local governments [3]