Financial Analysis Of IFLYTEK Company Based On The Harvard Analysis Framework

The era we are in today is an era of economic globalization and world linkage.The rapid development of science and technology has made more and more countries aware of the importance of developing high-tech industries.China,which is in a stage of steady economic development and constantly transforming,is not willing to lag behind other countries.Vigorously developing high-tech industries is conducive to maintaining the rapid growth of the national economy and ensuring national security,which is more conducive to the overall improvement of China's overall national strength.If China wants to stand in an invincible position in the world,it must pay attention to innovation.IFLYTEK,a high-tech enterprise founded in Hefei,Anhui,is the leading software company in China with voice technology as its industry.It has occupied 70% of the market in the domestic intelligent voice field,and selected IFLYTEK as a case analysis object.Two reasons: First,IFLYTEK is a high-tech enterprise that provides intelligent voice technology services.At present,IFLYTEK represents China's most advanced voice technology and is a leading enterprise in the industry,and the country has vigorously developed in recent years.The artificial intelligence industry,the University of Science and Technology News is typical.Second,the University of Science and Technology News as the first share of artificial intelligence,its every move has been the focus of the market,in recent years,the market value fluctuations and the lack of profitability,etc.,so that the University of Science and Technology has suffered from the low performance of the gold,and Internet companies continue to develop into the voice field,and the field of intelligent voice is also facing fierce competition.The future development of the University of Science and Technology can be said to be full of danger.As the needs of investors and creditors increase,traditional methods of financial analysis are no longer sufficient.The Harvard analysis framework proposed later is a relatively comprehensive financial analysis method.The analysis of IFLYTEK under the Harvard analysis framework is not only conducive to changing the traditional financial analysis concept of China,but also has reference significance for the whole high-tech industry.Moreover,through analysis,the corresponding evaluation can be made and suggestions for improvement of the company's problems can be proposed to help the company to play its advantages,improve its deficiencies,and improve its management and sustainable development capabilities.The article intends to select IFLYTEK(stock code 002230)as the case analysis object,and conduct a comprehensive analysis of the company based on the Harvard analysis framework.The article is elaborated from four aspects.The first is the introduction.On the basis of expounding the research background and significance of this paper,the research methods and contents are explained,and the related theories and the research summary at home and abroad are introduced.The second is the general situation of IFLYTEK Company,which is carried out from the basic introduction and operation status of the company.As an important part of this article,it is mainly based on the Harvard analysis framework to conduct a comprehensive and systematic analysis of the University of Science and Technology,including strategic analysis,accounting analysis,financial analysis,prospect analysis,and select the contents of the 2013-2017 annual report.Refining relevant important information,analyzing important subjects and financial indicators in the financial statements,including the analysis of the company itself and the comparative analysis with companies in the same industry.The fourth is to summarize the contents of the third part,and draw the results of the financial analysis of the University of Science and Technology,and point out its shortcomings and propose improvements.