For the first time, iFLYTEK's revenues surpassed 10 billion yuan in the first half of 2025, reaching 10.911 billion yuan, marking a 17.01% year-on-year growth. Despite a net loss of 239 million yuan attributable to shareholders, this figure has significantly narrowed compared to the previous year. The company's R&D investment amounted to 2.392 billion yuan, up 9.2% year-on-year, primarily directed towards the core technology development of the Spark large model, the promotion of industry application products, and the enhancement of C-end marketing capabilities. The C-end business has emerged as the primary growth engine for the company, contributing up to 32% of total revenues. Simultaneously, iFLYTEK's GBC revenue structure continues to improve, and cash flow from operating activities has also witnessed substantial enhancement. In overseas markets, the company's AI business has achieved remarkable progress, with the number of overseas developers increasing by 30% and AI hardware sales more than tripling year-on-year. Additionally, iFLYTEK announced a share issuance plan, aiming to raise up to 4 billion yuan for the R&D of the Spark education large model and to bolster working capital.