Glonghui, May 12 丨 Pacific Securities Research Report indicates that iFLYTEK (002230.SZ) is a leader in the artificial intelligence industry. Its business is stable and application scenarios are constantly expanding. The big model technology Spark Perception has been released, and a number of big model product applications have been implemented. The company released the Spark Cognitive Big Language Model in May 2023. At the same time, it introduced the solutions of the big language model in the education, medical, office, automotive and other industries, and introduced various large model application products at the press conference. It is expected that the application of the big model will help improve the company's profitability. According to the current test results, it is far ahead in existing systems that can be measured domestically. Ability to analyze multiple types of mathematics: There are roughly 16 categories of detailed tasks related to mathematics. They are far ahead of similar systems that can be measured domestically, and have now surpassed ChatGPT. With the elimination of external influences and the application of the company's big language model, the company's profitability will continue to improve. The company's net profit is expected to be 1,685/22.44/3.173 billion yuan in 2023-2025, EPS is 0.73/0.97/1.37 yuan respectively, and the corresponding price-earnings ratio is 90.21/67774/47.91, maintaining the “buy” rating.