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iFlytek: Net profit in the third quarter was 25.79 million yuan, a year-on-year decrease of 81.86%
iFlytek: Net profit in the third quarter was 25.79 million yuan, a year-on-year decrease of 81.86%
According to news from this site on October 19, iFlytek has announced its third quarter financial report. In the third quarter, iFlytek achieved a net profit of 25.79 million yuan, a year-on-year decrease of 81.86%; in the first three quarters, the net profit was 99.36 million yuan, a year-on-year decrease of 76.36%.
iFlytek stated that the company maintained a healthy operating development trend in the third quarter: operating income and gross profit maintained positive growth, achieving operating income of 47.72 billion, a year-on-year increase of 2.89%, and gross profit was 1.937 billion yuan, a year-on-year increase of 3.62%.
At the same time, iFlytek said that the company still maintained positive operating cash flow, with net operating cash flow in the third quarter of 357 million yuan.
This site noticed that iFlytek’s net profit attributable to its parent company in the third quarter decreased by 116 million yuan compared with the same period last year, and the net profit attributable to its parent company after deducting non-profit items decreased by 168 million yuan compared with the same period last year.
In this regard, iFlytek explained that "the company is actively seizing new historical opportunities for general artificial intelligence and has made firm investments in aspects such as large cognitive models of general artificial intelligence."
iFlytek pointed out that although the above-mentioned investments have affected current profits to a certain extent, the company has built new capabilities in terms of independent controllability of core technologies, as well as in terms of the cognitive large model towards general artificial intelligence. The latest progress has laid a solid foundation and a rare first-mover advantage for the company's long-term sustainable development in the digital economy era.
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The above is the detailed content of iFlytek: Net profit in the third quarter was 25.79 million yuan, a year-on-year decrease of 81.86%. For more information, please follow other related articles on the PHP Chinese website!
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