iFlytek’s revenue in the first half of the year fell 2.26% to 7.842 billion yuan

News from this site on August 11, iFlytek announced its 2023 semi-annual report, achieved operating income of 7.842 billion yuan, , a year-on-year decrease of 2.26%; net profit of 73.572 million yuan, A year-on-year decrease of 73.54% to 205 million yuan; net loss after non-profit deductions was 304 million yuan, a decrease of 583 million yuan compared with the same period last year.

According to the report, iFlytek’s operating income and gross profit in the first quarter fell by 17.64% and 14.89% respectively compared with the same period last year. However, the operating situation improved in the second quarter, with operating income reaching 4.954 billion yuan, a year-on-year increase of 9.68% and a month-on-month increase of 71.56%. At the same time, gross profit also increased, reaching 1.938 billion yuan, a year-on-year increase of 7.80% and a month-on-month increase of 60.21%

iFlytek's net cash flow generated from operating activities in the second quarter was 140 million yuan. An increase of 575 million yuan compared with the same period last year

It is worth mentioning that iFlytek Spark Cognitive Large Model V2.0 will be released at 14:00 on August 15. Although the specific update content has not been disclosed, it is expected that the model will have certain improvements in accuracy, response speed, and size.

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