Core Viewpoint - The company reported a significant increase in revenue and a narrowing of losses in the first half of the year, while also announcing a capital increase plan to enhance its technological capabilities in the education sector [1][2]. Financial Performance - The company achieved a revenue of 10.911 billion yuan in the first half of the year, marking a year-on-year growth of 17.01%, with the first-time revenue surpassing 10 billion yuan [1]. - Gross profit reached 4.389 billion yuan, up 17.12% year-on-year, while the net profit attributable to shareholders was a loss of 239 million yuan, which is a reduction in losses compared to the previous year [1]. - The net cash flow from operating activities was -772 million yuan [1]. Capital Increase Plan - The company plans to issue up to 100 million shares, accounting for 4.33% of the total share capital before the issuance, aiming to raise 4 billion yuan, with 800 million yuan allocated for the Spark Education model and 3.2 billion yuan for working capital [1][6]. - The controlling shareholder, Anhui Yanzhi Technology Co., Ltd., intends to subscribe for shares worth between 250 million yuan and 350 million yuan [6]. Business Segmentation - The revenue structure for the company in the reporting period was 26% from government, 42% from enterprises, and 32% from consumers, with the consumer segment showing the fastest growth at 38% [2]. - AI learning machine products in the consumer segment saw a revenue increase of 100% year-on-year [2]. - Major revenue contributors included the open platform and consumer business (36%) and smart education (32.36%) [2]. Research and Development - R&D expenses amounted to 2.392 billion yuan, representing 21.92% of revenue, with an increase of 91.7% in spending related to the core technology of the Spark model [2]. - Sales expenses also rose significantly, reaching 2.086 billion yuan, a year-on-year increase of 28.28% [2]. Cash Collection - The company achieved sales collections of 10.361 billion yuan, a year-on-year increase of 14.99%, marking the first time collections exceeded 10 billion yuan [3]. - The company has prioritized improving collection mechanisms to enhance cash flow [3].

业绩简评 2025 年 8 月 21 日，公司发布 2025 年中报。公司 2025 年上半年 实现营收 109.1 亿元，同比增长 17.0%，毛利润同比增长 17.1%； 扣非后归母净利润为-3.6 亿元，亏损同比缩窄 24.6%，符合此前 业绩预告；剔除财务费用、研发资本化和股份支付影响后的扣非归 母净利润为-14.6 亿元，亏损同比缩窄 4.3%。 公司 2025 年第二季度实现营收 62.5 亿元，同比增长 10.1%，毛 利润同比增长 6.7%；实现扣非后归母净利润-1.4 亿元，亏损同比 扩大 220.4%。 经营分析 收入方面，2025 年上半年公司的教育产品及服务营收为 35.3 亿 元，同比增长 23.5%，其中 AI 学习机业务继续保持翻倍增长， 并已在日本、新加坡等海外市场应用。上年同期营收同比下滑的 信息工程、数字政府行业应用在本报告期恢复增长，而上年同期 增速较快的开放平台、智能硬件和智慧汽车业务在本报告期增速 放缓或出现下滑。值得注意的是，公司 To C 业务继续保持快速 增长。 此外，公司预计通过竞价发行的方式定增募集不超过 40 亿元， 占发行前公司总股本的 4.33%；其中 ...

同期，科大讯飞公布增发预案，拟向不超过35名投资者募集资金不超过40亿元，资金用途为星火教育大 模型及典型产品和补充流动资金。本次非公开发行采用竞价交易方式，发行数量不超过1亿股（含本 数），占本次发行前公司总股本的4.33%。其中，公司股东言知科技拟认购金额不低于2.5亿元（含本 数）且不超过3.5亿元（含本数），体现了与公司长期利益休戚与共的决心。（文猛） 新浪科技讯 8月21日晚间消息，科大讯飞发布2025年上半年财报。财报显示，科大讯飞上半年营收首次 突破百亿，达109.11亿元，同比增长17.01%，毛利43.89亿元，较上年同期增长17.12%。同时，销售回 款总额103.61亿元，较去年同期增长13.5亿。经营活动现金流量净额增长超过7.64亿元，同比提升 49.73%。 责任编辑：何俊熹 ...