Posted on 2 Comments

Speech Recognition Will Become “Rigid demand” in 5G Era

Warm hints: The word in this article is about 692 and  reading time is about 5 minutes.   
Guidance: HKUST Xunfei held a semiannual performance presentation in Beijing in 2019. Chairman and President Liu Qingfeng, Senior Vice President, Dong Mi Jiangtao, Senior Vice President and CFO Duan Dawei interpreted HKUST Xunfei's financial report in 2019 respectively.
 On the evening of August 21, HKUST announced its first half of 2019 earnings, which reached 4.228 billion yuan, an increase of 31.72% over the same period of last year, 2.133 billion yuan in gross profit, an increase of 33.11% over the same period of last year, and 189 million yuan in net profit attributable to shareholders of listed companies, an increase of 45.06% over the same period of last year.

HKUST Xunfei held a semiannual performance presentation in Beijing in 2019. Chairman and President Liu Qingfeng, Senior Vice President, Dong Mi Jiangtao, Senior Vice President and CFO Duan Dawei interpreted HKUST Xunfei’s financial report in 2019 respectively.

On the evening of August 21, HKUST announced its first half of 2019 earnings, which reached 4.228 billion yuan, an increase of 31.72% over the same period of last year, 2.133 billion yuan in gross profit, an increase of 33.11% over the same period of last year, and 189 million yuan in net profit attributable to shareholders of listed companies, an increase of 45.06% over the same period of last year.

According to reports, HKUST News Flight paid more than 900 million yuan in taxes last year, compared with 450 million yuan in the first half of 2019.

For the developer platform, Liu Qingfeng said that CTU Xunfei will enhance its capability on AI and the integration of hardware and software. In the 5G era, the use of voice recognition will become rigid demand.

In view of the difference between AI 1.0 and 2.0, Liu Qingfeng explained that AI 1.0 focuses on exploration, while AI 2.0 has three evaluation criteria: landable application, large-scale promotion ability and statistical data to prove its effectiveness.

Jiang Tao said that at the beginning of 2015, the board of directors of HKUST Xunfei made clear the business scale and the user scale should be expanded. At the same time, it made clear that it did not pursue profits and continued to explore new markets in the field of artificial intelligence. For the first time, AI is defined as new infrastructure by the government. The more the economy goes down, the more the government will invest in education and health care, so the market performance is worth looking forward to.

Jiang Tao said that AI has developed to the 2.0 stage. HKUST Xunfei has actively adjusted its strategy, focusing more on key areas such as health care and education, expecting a larger market outbreak, so it will sacrifice part of its short-term profits.

In addition, the financial report shows that the application scale of the open platform has continued to expand, with the number of developers reaching 1.03 million. In addition, to C business continued to develop, the proportion increased further: business income 1.576 billion, 45.45% year-on-year growth; gross profit 849 million, 41.92% year-on-year growth; in the overall revenue accounted for 37.28%, gross profit accounted for 39.79%.

In response to the growth of To C business, Jiang Tao said that it benefited from the hot sales of consumer products such as voice translators and would also make up for the downturn of To B market.

In the first half of 2019, educational products and services realized business income of 97,875,76 million yuan, an increase of 48.86% over the same period of last year; political and legal business realized business income of 459,136,600 yuan, an increase of 31.58% over the same period of last year; intelligent hardware realized business income of 499,913,900 yuan, an increase over the same period of last year. It is 47.80% long and the revenue of open platform is 48,537.32 million yuan, up 55.73% year on year.

Advertisements

2 thoughts on “Speech Recognition Will Become “Rigid demand” in 5G Era

  1. I love this blog!
    Thank you very mcuh!

  2. Nice pages!

Leave a Reply

Your email address will not be published.