IFLYTEK(SZ:002230) Zhong Guo Zheng Quan Bao·2025-10-20 12:17Core Viewpoint - The company reported a strong performance in Q3 2025, with significant growth in revenue and net profit, indicating a positive operational trend despite previous losses in the first three quarters of the year [1][2]. Financial Performance - In Q3 2025, the company's revenue reached 6.078 billion yuan, a year-on-year increase of 10.02% - The net profit attributable to shareholders was 172 million yuan, up 202.40% year-on-year - The net profit after deducting non-recurring items was 26.24 million yuan, reflecting a 76.50% increase year-on-year - For the first three quarters, total revenue was 16.989 billion yuan, a 14.41% increase year-on-year, while the net profit attributable to shareholders was a loss of 666.75 million yuan [1]. Market Position and Developments - The company maintained a healthy operational development, with all core operational indicators, including revenue, net profit, and operating cash flow, showing positive growth [2]. - The operating cash flow net amount was 899.5 million yuan, a year-on-year increase of 25.19% - The company’s AI core technology research and model training system has been further validated, enhancing its position in the artificial intelligence industry [2]. Project and Investment Updates - In the first nine months of the year, the company ranked first in the bidding market for large models, with a project winning amount of 545 million yuan in Q3, nearly double that of the second to fifth ranked competitors combined [3]. - The number of developers in the "Xunfei Spark" ecosystem grew rapidly, with over 1.22 million new developers added, including 690,000 new large model developers [3]. - The company announced a revised fundraising plan for its 2025 private placement, now including a new "computing power platform" project with an investment of 2.4 billion yuan, while maintaining the total fundraising amount at 4 billion yuan [4]. Shareholder Activity - In Q3, five shareholders adjusted their holdings, with increases from Hong Kong Central Clearing Limited and Industrial Bank Co., Ltd., while several funds reduced their holdings [3][4]. Future Strategy - The company plans to implement the computing power platform project through a computing power leasing model, which will expand its computing capacity and support large model research and algorithm innovation [5]. - This approach aims to provide sufficient computing power for the application of the "Xunfei Spark" large model in various industries, ensuring continuous upgrades and iterations [5].