IFLYTEK(SZ:002230) Xin Lang Cai Jing·2025-12-04 00:13Core Insights - The company experienced revenue growth last year, but its net profit attributable to shareholders declined, raising concerns about the "increased revenue without increased profit" situation [1] - The decline in profit is attributed to a significant increase in R&D investment, which accounts for approximately 20% of the company's sales revenue [1] - The company emphasizes the importance of long-term investment in R&D to remain competitive in the emerging era of general artificial intelligence [1] Group 1: Company Strategy - The company acknowledges the pressure from declining profits but maintains that other financial indicators are healthy [1] - The chairman highlights the need for a long-term perspective in developing artificial intelligence, indicating that increased R&D spending is essential to avoid being left behind [1] - The company differentiates itself from larger firms by emphasizing agility and the ability to seize opportunities, suggesting that smaller players can also succeed in the AI field [1] Group 2: Technology and Market Position - The chairman discusses the significance of the "Xunfei Spark Large Model" and its domestic attributes, stressing that AI development should leverage domestic computing power for training large models [1] - The company believes that relying on domestic resources is crucial to avoid significant vulnerabilities and ensure long-term development security [1] - The chairman points out that pre-trained large models are the closest technology to human cognitive patterns, underscoring the importance of domestic capabilities in this area [1]