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IFlytek's Q3 2026 net profit attributable to parent reaches RMB 226 million, up 31.05% year-on-year
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- DeepHorus
On October 19, iFlytek released its 2026 third-quarter report. The report shows that in the third quarter, the company achieved total operating revenue of RMB 6.565 billion, a year-on-year increase of 7.99%; net profit attributable to shareholders of the listed company was RMB 226 million, a year-on-year increase of 31.05%. Basic earnings per share were RMB 0.0956, a year-on-year increase of 28.32%; diluted earnings per share were also RMB 0.0956, a year-on-year increase of 28.32%. The weighted average return on equity was 1.07%.
iFlytek focuses on research into core AI technologies such as intelligent speech, natural language understanding, multimodality, and general artificial intelligence, promoting AI product R&D and the implementation of industry applications. The company has leading advantages in cognitive intelligence, speech and language processing, and its flagship offering is the iFlytek Spark large model. It has achieved a full-stack domestically produced technology layout and has strong competitiveness in the industry large-model field.
Looking at the core financial data, iFlytek's net profit after deducting non-recurring gains and losses in the third quarter was -RMB 126 million, a year-on-year decrease of 580.7%. The company said this was mainly due to its adherence to an independent and controllable technology route and continuous high-intensity R&D investment. In the third quarter, R&D investment exceeded RMB 1.7 billion, an increase of nearly RMB 400 million compared with the same period last year, accounting for more than 25% of operating revenue.
In the third quarter, the business structure continued to optimize. Although revenue from government-facing (G-end) business decreased by 2.39% year on year, smart education and smart healthcare businesses both achieved healthy growth of more than 20%, and operational businesses made significant progress. iFlytek said that the results in this financial report were in line with market expectations, with core indicators achieving growth.
From the beginning of the year to the end of the third quarter, iFlytek achieved cumulative operating revenue of RMB 18.187 billion, a year-on-year increase of 7.05%. Cumulative net profit attributable to the parent company was RMB 21.8872 million, a year-on-year increase of 132.83%. Cumulative cash flow from operating activities turned positive, reaching RMB 264 million, a year-on-year increase of 115.28%.
The company will release a brand-new "cloud + device" iFlytek Spark large model on October 22. The model is based on a fully domestically produced computing power foundation, newly upgrades the device-cloud integrated solution, and newly upgrades multimodal human-computer interaction technology. iFlytek will use "Token + Agent" to drive the upgrade of the Spark ecosystem from capability opening to value co-creation.
iFlytek said it will continue to adhere to independent and controllable core technologies. The company will strengthen R&D on the large-model foundation and expand its integrated software and hardware business layout. Its strategic investment has increased, in line with its long-term strategic development plan.
