Chinese AI firm iFLYTEK posts strong H1 revenue growth
HEFEI, Aug. 23 (Xinhua) -- China's leading artificial intelligence (AI) and speech technology company iFLYTEK Co., Ltd. posted strong revenue growth in the first half (H1) of 2022, according to the company's semiannual report released on Monday.
The operating revenue of iFLYTEK amounted to over 8.02 billion yuan (about 1.17 billion U.S. dollars) during the period, up 26.97 percent year on year, the report showed.
Its revenues from smart education and smart city businesses reached over 2.2 billion yuan and 2.18 billion yuan respectively during the same period, up 27.38 percent and 42.55 percent year on year.
Its investment in research and development increased by 30.46 percent to nearly 1.6 billion yuan in the first six months.
The net profit attributable to the parent company fell 33.57 percent year on year to 278 million yuan, according to the report.
Photos
Related Stories
- Experts say China can add value to DEPA
- China emerging as global AI pioneer
- AI reinvents classic song "Pearl of the East" with unimagined artistic charm
- Tianjin University develops AI sign language translation system to make more people with hearing impairment “heard”
- Beijing’s advanced industrial ecosystem emerges as AI leader in China’s thriving tech scene
- Researchers predict glaucoma incidence, progression based on deep-learning system
- China sees growth in cloud infrastructure services expenditure
- AI helps fight illegal fishing along Yangtze River
- AI facilitates implementation of dynamic zero-COVID policy in Shenzhen
- Saudi, Chinese firms sign deal on space technologies, satellites, AI cooperation
Copyright © 2022 People's Daily Online. All Rights Reserved.