IFLYTEK(SZ:002230) Zhong Guo Jing Ying Bao·2026-01-16 06:44Core Insights - The article discusses the emergence of AI in the bidding and procurement sector, highlighting the launch of iFlytek's intelligent procurement platform aimed at addressing traditional industry pain points and enhancing efficiency [1][2]. Group 1: Company Developments - iFlytek has introduced the "Intelligent Procurement Platform" to facilitate the transition of government and enterprise procurement processes towards AI-driven solutions, positioning it as a "smart factory" for the procurement sector [1]. - The platform can reduce the time required for preparing bidding documents from an average of 5-7 working days to just 30 minutes, with an accuracy rate of 96% for detecting irregularities in bidding [1]. Group 2: Industry Trends - The traditional procurement model is characterized by high risks, low efficiency, high costs, and regulatory challenges, as highlighted by the National Energy Group's procurement statistics, which involve over 140,000 projects annually [2]. - The Chinese bidding and procurement industry is undergoing a digital transformation, with the China Tendering and Bidding Association working on an action plan to implement AI in procurement processes, aiming for 40-45% automation by 2026 in China [3].