Iflytek Co.,Ltd.’s Net Profit Dropped 93.9% in First Half of 2023

Iflytek Co.,Ltd. (科大讯飞股份有限公司) (002230.SZ) reported a net profit of 14.9 million yuan in the first half of 2023, down 93.9% year-on-year.

Meanwhile, the company posted 7.8 billion yuan in revenue, down 2.3% year-on-year.

At the end of the reporting period, it had 33.7 billion yuan in total assets and 16.8 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.