Iflytek Co.,Ltd.’s Net Profit Dropped 51.9% in First Three Quarters of 2022

Iflytek Co.,Ltd. (科大讯飞股份有限公司) (002230.SZ) reported a net profit of 369.3 million yuan in the first three quarters of 2022, down 51.9% year-on-year.

Meanwhile, the company posted 12.7 billion yuan in revenue, up 16.5% year-on-year.

At the end of the reporting period, it had 30.5 billion yuan in total assets and 14.1 billion yuan in total liabilities, with a liability-to-asset ratio of 46.3%.