iFLYTEK (002230) investor relations material

Executive summary

• Q3 revenue rose 7.99% YoY to RMB 6.56bn; net profit attributable to shareholders increased 31.05% to RMB 225.7m, while adjusted net loss widened to RMB 126.1m.

• Strategic focus remained on proprietary AI technology and application rollout, with high model R&D spending weighing on adjusted earnings and operating cash outflows.

Financial highlights

• Q3 revenue was RMB 6.56bn, up 7.99% YoY; 9M revenue reached RMB 18.19bn, up 7.05%.

• Q3 net profit attributable to shareholders was RMB 225.7m, up 31.05% YoY; 9M was RMB 21.9m, up 132.83%.

• Adjusted net loss was RMB 126.1m in Q3 and RMB 763.0m for 9M, down 580.70% and 125.79% YoY, respectively.

• 9M operating cash flow was positive at RMB 264.1m, up 115.28% YoY; Q3 sales collections reached RMB 7.794bn, over RMB 700m higher YoY.

• 9M consolidated net loss was RMB 22.8m, while net profit attributable to shareholders was RMB 21.9m; minority shareholders recorded a RMB 44.7m loss.

Outlook and guidance

• Planned October 22 launch of an upgraded iFLYTEK Spark cloud-and-edge model, with an integrated domestic compute foundation, upgraded multimodal interaction, and a Token + Agent ecosystem strategy.

• Strategic priorities include proprietary core technology, foundational model R&D, software-hardware integration, and expanding AI applications under a C-end growth, deeper B-end, selective G-end approach.