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China's leading speech-recognition and AI company, selling voice, language and education AI software and hardware.
China's leading speech-recognition and AI company, selling voice, language and education AI software and hardware.
Earns from selling AI products and projects, with education customers (learning tablets, classroom tools and school systems) and government clients, often through project contracts rather than recurring subscriptions. It was added to a US trade blacklist in 2019, which limits its access to American chips.
In one line: China's Nuance Communications, broader into education AI.
Moat: narrow (IP / patents, installed base, data). Deep Mandarin speech-data advantage and long-standing government/education relationships in China.
Headquarters: Hefei, China · Founded: 1999 · Employees: 16,818
Size iflytek (002230.SZ) is a China Information Technology company (Information Technology Services) with a market value of $13.2B, the 181st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.25 on 6 Nov 2026.
Performance Over six months the shares fell 20.0%, against +29.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 11.1% over the last twelve months (peer median +12.9%); the operating margin is -4.4% (peer median 12.8%).
Valuation It trades at 106.3× forward earnings against a peer median of 24.4× (2nd most expensive of 21).
Capital Return on invested capital runs 7.1 points below its cost of capital (8.7% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥28.3B | CN¥27.0B | CN¥23.3B | CN¥19.6B | CN¥18.7B |
| Revenue growth | — | +16% | +19% | +5% | — |
| Gross profit | CN¥12.0B | CN¥9.11B | CN¥7.63B | CN¥6.56B | CN¥5.97B |
| EBITDA | n/a | CN¥1.72B | CN¥1.70B | CN¥1.00B | CN¥1.14B |
| Net income | CN¥928M | CN¥839M | CN¥560M | CN¥657M | CN¥561M |
| Free cash flow | -CN¥1.13B | CN¥162M | -CN¥652M | -CN¥3.69B | -CN¥1.55B |
| Capital expenditure | CN¥4.51B | CN¥3.15B | CN¥3.22B | CN¥4.08B | CN¥2.27B |
| Total debt | CN¥15.1B | CN¥10.6B | CN¥10.0B | CN¥9.10B | CN¥5.77B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| iflytek 002230.SZ | $13.2B | -20% | +11% | -4% | 106.3× | n/a |
| Baidu, Inc. Sponsored ADR BIDU | $25.8B | -42% | -1% | 7% | 17.3× | n/a |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
| SenseTime 0020.HK | $6.25B | -44% | +31% | -51% | n/a | n/a |
| Baba-w 9988.HK | $266B | -25% | +8% | 4% | 16.4× | n/a |
| Tencent 0700.HK | $482B | -11% | +16% | 32% | 12.5× | 6.4% |
| Youdao, Inc. Sponsored ADR DAO | $2.50B | +59% | +10% | 4% | 59.4× | 33.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002230.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.7% | +13.1% | 8th lowest of 21 |
| 6-month return | -20.0% | +29.1% | 2nd lowest of 21 |
| Distance from 52-week high | -43.3% | -13.1% | 4th lowest of 21 |
| Revenue growth (TTM) | +11.1% | +12.9% | 10th lowest of 21 |
| Operating margin | -4.4% | 12.8% | 2nd lowest of 21 |
| Forward P/E | 106.3× | 24.4× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -7.1 pp | +6.9 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| iflytek 002230.SZ | China | $13.2B | -20% | +11% | -4% | 106.3× | n/a | n/a |
| Guidewire Software GWRE | United States | $13.3B | +17% | +23% | 10% | 38.5× | 39.4% | +14.7% |
| Bentley Systems BSY | United States | $13.5B | +36% | +13% | 24% | 31.4× | 22.8% | +13.4% |
| CACI International CACI | United States | $13.6B | +27% | +10% | 10% | 17.6× | 7.3% | +9.6% |
| Samsung Sds 018260.KS | South Korea | $12.4B | +31% | +2% | 5% | 24.9× | 13.0% | +4.8% |
| Ruijie Networks 301165.SZ | China | $11.7B | +6% | +30% | 5% | 48.3× | n/a | n/a |
| Indra Sistemas IDR.MC | Spain | $11.2B | +12% | +28% | 10% | 19.7× | 4.2% | +12.4% |
| Persistent Systems PERSISTENT.NS | India | $10.6B | +21% | +27% | 16% | 43.9× | 37.4% | +28.6% |
| OBIC 4684.T | Japan | $16.6B | +46% | +13% | 67% | 30.3× | 4.6% | +10.0% |
| CGI GIB-A.TO | Canada | $17.2B | +27% | +6% | 17% | 12.2× | -12.0% | +5.5% |
| Coforge COFORGE.NS | India | $9.71B | +62% | +41% | 16% | 35.2× | 34.6% | +28.6% |
| Tech Mahindra TECHM.NS | India | $19.0B | +26% | +14% | 14% | 23.9× | 20.3% | +8.5% |
| CDW CDW | United States | $19.6B | +51% | +11% | 7% | 12.9× | 2.6% | +4.0% |
| Nomura Research Institute 4307.T | Japan | $20.2B | +40% | +8% | 19% | 26.4× | 0.7% | +8.2% |
| Otsuka 4768.T | Japan | $8.63B | +24% | +9% | 7% | 20.1× | -5.6% | +9.6% |
| Wipro WIPRO.NS | India | $20.7B | 0% | +8% | 16% | 14.9× | 9.0% | +8.4% |
| EPAM Systems EPAM | United States | $8.22B | +61% | +11% | 10% | 11.3× | 9.4% | +15.5% |
| AppFolio APPF | United States | $8.18B | +39% | +20% | 19% | 28.9× | 18.5% | +25.1% |
| Rubrik RBRK | United States | $21.9B | +70% | +42% | -18% | 215.0× | 36.2% | +27.7% |
| Credo Technology CRDO | United States | $22.7B | -36% | +165% | 32% | 16.5× | 47.4% | +86.8% |
| Capgemini CAP.PA | France | $24.1B | +31% | +6% | 11% | 10.4× | -0.1% | +7.2% |