Iflytek Co.,Ltd.’s Net Profit Dropped 47.4% in First Half of 2022

Iflytek Co.,Ltd. (科大讯飞股份有限公司) (002230.SZ) reported a net profit of 242.5 million yuan in the first half of 2022, down 47.4% year-on-year.

Meanwhile, the company posted 8 billion yuan in revenue, up 27% year-on-year.

At the end of the reporting period, it had 30 billion yuan in total assets and 12.6 billion yuan in total liabilities, with a liability-to-asset ratio of 42%.