iFLYTEK (002230) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥5.27 billion, up 13.23% year-over-year, with B and C end business growing 26.27% and overseas revenue up 167%.

• Net loss attributable to shareholders narrowed to ¥169.7 million, a 12.17% improvement year-over-year, despite increased R&D and sales expenses.

• Contract value grew 28.16% year-over-year, and AI developer ecosystem expanded to 10.74 million, with daily tokens usage up 4241%.

Financial highlights

• Operating cash flow was negative ¥1.07 billion, down 50.06% year-over-year.

• Basic and diluted EPS both at -0.07, improved from -0.08 year-over-year.

• Total assets at quarter-end were ¥45.66 billion, up 1.78% from year-end 2025.

• Non-recurring profit items totaled ¥259.87 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• B and C end business expected to maintain strong growth; G end business to recover after seasonal impact, with full-year opportunity reserves up 33%.

• Strategic investments in core technology and large model R&D align with long-term growth plans.