Iflytek Co.,Ltd.’s Net Profit Dropped 36.9% in First Quarter of 2022

Iflytek Co.,Ltd. (科大讯飞股份有限公司) (002230.SZ) reported a net profit of 100.9 million yuan in the first quarter of 2022, down 36.9% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, up 40.2% year-on-year.

At the end of the reporting period, it had 29.7 billion yuan in total assets and 12.3 billion yuan in total liabilities, with a liability-to-asset ratio of 41.5%.