Iflytek Co.,Ltd. Posted 95 Million Yuan Net Loss in First Quarter of 2023

Iflytek Co.,Ltd. (科大讯飞股份有限公司) (002230.SZ) reported a net loss of 95 million yuan in the first quarter of 2023, reversing a net profit of 100.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 17.6% year-on-year.

At the end of the reporting period, it had 31.7 billion yuan in total assets and 15 billion yuan in total liabilities, with a liability-to-asset ratio of 47.2%.