Core Viewpoint - The company plans to raise up to 4 billion yuan through a targeted issuance of A-shares, with 800 million yuan allocated for the development of educational large models and 3.2 billion yuan for supplementing working capital [1][2] Group 1: Funding and Investment - The fundraising will focus on the research and development of educational large models, addressing challenges such as content safety and knowledge illusion control in educational applications [2] - The company aims to create a dedicated large model with strong educational attributes, integrating general knowledge, subject knowledge, and educational teaching concepts [2] Group 2: Technological Development - The company has established a fully domestic technology system from hardware to software, achieving significant first-mover advantages in the AI sector [1] - The company released the "Feixing No. 1" national intelligent computing platform in October 2023 and trained China's first trillion-parameter large model, "Xunfei Xinghuo V3.5," in January 2024 [1] Group 3: Market Positioning - The educational large model is not merely a customized version of a general model but is designed to support all educational scenarios, aiming to solve industry challenges such as personalized learning and resource balance [2] - The company seeks to deepen the integration of "large models + education" to enhance its competitive advantage in the education market [2]

Group 1 - The core viewpoint of the article emphasizes the strategic importance of artificial intelligence (AI) in driving technological revolution and industrial transformation, highlighting the need for companies like iFlytek to enhance their competitiveness through targeted stock issuance [1][2][3] - The background for the stock issuance is rooted in the rapid advancement of AI technologies, with significant investments from global economies to secure leadership in this field, including initiatives from the US and EU [1][2] - iFlytek's commitment to developing autonomous and controllable AI technologies aligns with national strategies, aiming to leverage AI for economic growth and societal benefits [1][3][4] Group 2 - The issuance aims to raise funds for the development of educational AI models, which are crucial for enhancing the company's market position and technological capabilities [6][7][8] - iFlytek has achieved significant milestones in AI model development, including the launch of the "Xunfei Spark" series, which demonstrates competitive advantages in various applications [6][7][8] - The company plans to utilize the raised funds to further enhance its educational AI models, addressing current limitations and optimizing their application in educational settings [7][8][9] Group 3 - The stock issuance will involve the issuance of A-shares to specific investors, including a significant investment from Yanzhi Technology, which is controlled by the company's actual controller [11][12] - The selection of issuance objects and the pricing mechanism are designed to comply with regulatory requirements, ensuring fairness and transparency in the process [12][13][14] - The company aims to maintain a stable capital structure and reduce financial risks through this equity financing, which is expected to support its long-term sustainable development [10][19][20]