Home Business IFLYTEK’s 2020 net profit of 1.364 billion yuan, AI empowers various industries...

IFLYTEK’s 2020 net profit of 1.364 billion yuan, AI empowers various industries to show results

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On the evening of April 19, iFlytek released its 2020 financial report. According to the financial report, in 2020, iFLYTEK’s revenue was 13.025 billion yuan, an increase of 29.23% over the same period last year; the net profit attributable to shareholders of listed companies was approximately 1.364 billion yuan, an increase of 66.48% over the same period last year. The profit was 767 million yuan, a year-on-year increase of 57%; the operating capacity was significantly enhanced, and the net cash flow from operating activities reached a record high, reaching 2.271 billion yuan.

Prior to this, Liu Qingfeng, chairman of iFLYTEK, said in a speech at the “Sixth China Manufacturing Power Forum” that artificial intelligence will begin to replace existing jobs in a large amount in the next 5-10 years, and machines are playing a role in more and more fields. Has been recognized by the industry and the general public.

For example, in medical care, iFlytek’s intelligent medical assistant based on artificial intelligence technology has passed the national medical qualification examination. According to the data given during the two sessions this year, there are only 300,000 doctors with general practice qualifications in my country, and there are probably more than 3 million doctors with qualification certificates. After the wise medical assistant passes the exam, he can become a general practitioner’s assistant.

Up to now, HKUST Xunfei Smart Medical Assistant has provided a total of 170 million diagnosis and treatment services, covering more than 200 counties and districts across the country, increasing the basic diagnosis and treatment capacity to more than 90%. The most important of these is that intelligent medical assistants can automatically detect major infectious diseases and dangerous diseases, including 40 legal infectious diseases and 15 key diseases. Machines can automatically carry out investigations on the front line, and can be detected by human doctors. The alarm starts automatically.

Benefit from the advantages of artificial intelligence in the medical field. In 2020, HKUST Fei’s smart medical business revenue was 313 million yuan, an increase of 69.25% year-on-year, and this increase, in 2021 and beyond, will follow the country’s intelligent prevention and control of infectious disease discovery systems and intelligentization. The great importance of universal medical care has seen a higher rise.

In addition, another field that can be directly felt by ordinary people and achieved excellent results in artificial intelligence is wisdom education.

Up to now, the iFLYTEK Smart Education System has been widely used in 31 provinces and cities across the country, serving more than 38,000 schools across the country, benefiting more than 100 million teachers and students.

It is understood that the use of the iFLYTEK Education System of HKUST can reduce students’ invalid exercises by more than 49%, teacher preparation time is reduced by an average of 53%, homework correction time is reduced by an average of 42%, and classroom efficiency is improved by at least 30%; using big data for “precision” After the teaching, the number of questions for students in Hefei No. 6 High School Mathematics has been reduced from 60 questions per week to 20 questions, the time to master knowledge points has been shortened by about 30%, and the repetitive error rate has been reduced by about 16%. By correcting the questions and doing well, the mathematics scores of all-level students increased by about 12% month-on-month.

In 2020, iFLYTEK’s smart education business revenue was 4.019 billion yuan, a year-on-year increase of 70.68%, accounting for 30.86% of operating income.

At the same time, the financial report shows that in 2020, other businesses of HKUST will also develop steadily, with a considerable growth rate. Among them, the open platform was 1.921 billion yuan, a year-on-year increase of 66.42%, and its proportion in operating revenue increased from 11.45% last year to 14.57%.

It is precisely because of the increasing role of artificial intelligence in various fields that Liu Qingfeng believes that in some typical industries, artificial intelligence will largely replace existing jobs in the next 5-10 years. The development of artificial intelligence will also shift from empowering products to empowering enterprises to transform and upgrade.

According to Liu Qingfeng, the digital transformation of enterprises can be roughly divided into three levels:

The first is networking, which mainly solves early tasks such as remote network office, remote control, and corporate Internet publicity.

The second is digitization. After a large amount of data is gathered in the background, unified modeling can be carried out, which can provide more help to enterprises in manufacturing and business decision-making.

The third is to further improve the production efficiency and operating capabilities of the structured data through the deep learning of artificial intelligence, so that the enterprise can reach a new level.

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