Earlier, at the performance exchange meeting of Iflytek's first-quarter financial report, Iflytek said that the COVID-19 epidemic greatly delayed the progress of the company's first-quarter project implementation, delivery, acceptance and other related work, and also brought challenges to Iflytek's revenue recognition and payment.
With the gradual implementation of online bidding at the beginning of March, various businesses driven by the company's artificial intelligence core technology have been accelerated, and the amount of newly won contracts in the first half of the year has increased by 1 19% compared with the same period of last year. Jiang Tao, Senior Vice President and Secretary of the Board of Directors of Iflytek, said on 2 1 that the impact of the epidemic has been basically controlled and the company's business activities have gradually returned to normal.
Reduce the source of technological innovation and strengthen the technical barriers of the core track.
The financial report shows that in the first half of 2020, the company invested 962 million yuan in Iflytek R&D, accounting for 22. 12% of the total revenue. Prior to this, Iflytek has spent 1 1 year on R&D, accounting for 20% of revenue.
During the reporting period, Iflytek has continuously made technological breakthroughs in artificial intelligence core technologies, and maintained its international leading position in AI core technologies such as intelligent speech, computer vision and cognitive intelligence. It has won the international multi-channel speech separation recognition competition and ICFHR 2020 OffRaSHME mathematical formula recognition challenge for three consecutive years, and set a new world record for gesture recognition on the 20BN-Jester data set, and set up a new evaluation index for multi-step reasoning reading comprehension.
Breakthrough progress in a number of core technologies has laid a foundation for deeper semantic understanding, and also maintained a high technical barrier and leading edge for the company's practical business such as personalized learning in the field of education and intelligent auxiliary diagnosis and treatment in the medical field.
In the semi-annual report released this time, the income of smart education and smart medical care in Iflytek increased by 35% and 665% respectively, and the business just needs to achieve large-scale landing, which is not affected by the epidemic. Excluding the personalized teaching solutions in Bengbu and Qingdao, the bidding amount in the education business contract from June to June increased by 65,438+0.75% year-on-year, and it is being implemented on a large scale.
As a technology-driven company, Iflytek has always adhered to the original technological innovation, and all the core technologies have independent intellectual property rights, which makes it unafraid to be included in the list of entities in the United States.
In addition, in June, 2020, 5438+ 10, Iflytek took the lead in formulating the world's first ISO/IEC international standard for intelligent voice interaction-the international standard for full-duplex voice interaction was approved.
The standard will be jointly formulated by experts from Iflytek as the project leader and experts from all over the world, which is also the first international standard project of artificial intelligence ISO/IEC led by China. Previously, ISO/IEC TR 24372, an international standard technical report on artificial intelligence led by experts from Iflytek, China, was also being worked out.
The new infrastructure accelerates the construction of industrial informatization, and Iflytek may usher in more opportunities.
As the single largest shareholder of Iflytek, Iflytek and China Mobile have conducted in-depth cooperation in various fields and jointly established a 5G+AI joint laboratory to further enhance Iflytek's comprehensive competitive advantage in new infrastructure projects.
In June this year, the National Development and Reform Commission officially approved Iflytek and China Mobile to jointly undertake the new infrastructure demonstration project of the National Development and Reform Commission's 5G+ smart education. The combination of 5G and AI pays more attention to the teaching experience, further helps teachers and students to reduce the burden, and pays attention to teaching students in accordance with their aptitude. After product standardization, it can not only achieve rapid delivery, but also improve the gross profit of the project.
In the past six months, online education, Internet medical care, online office and digital governance have witnessed explosive growth. 15 In July, the National Development and Reform Commission and other 13 departments issued the Opinions on Supporting the Healthy Development of New Business Forms and Models, Activating the Consumer Market to Drive the Employment Expansion, and clearly put forward four types of support for 15 new business forms and models, one of which is to actively explore new online service models and activate new consumer markets.
As one of the four platforms of national new generation artificial intelligence, Iflytek has the earliest open platform of intelligent voice artificial intelligence and the State Key Laboratory of cognitive intelligence, which is expected to promote more digital twin cities, smart government affairs, smart transportation and other businesses in the future, and empower urban operations, government services, industrial upgrading and other fields.
At the performance exchange meeting, Duan Dawei, senior vice president and CFO of Iflytek, said that investment in national strategy and infrastructure will bring long-term development opportunities, and investors in new infrastructure will be more diversified in the future.
Under the epidemic, the whole people were forced into the era of digital survival. The new infrastructure needs to focus on the needs of people's livelihood, rely on the technical foundations such as 5G, big data and artificial intelligence, develop the infrastructure in the fields of education, medical care and social security, fill the shortcomings of people's livelihood, extend the service radius of high-quality medical and educational resources, improve the coverage, and bring new growth points to Iflytek's business.