IFLYTEK(SZ:002230) Xin Lang Cai Jing·2025-10-21 08:31Core Viewpoint - In the third quarter of 2025, iFlytek reported a significant turnaround with a net profit of 172 million yuan, marking a year-on-year increase of 202.40%, alongside a revenue growth of 10.02% to 6.078 billion yuan [1][3][5]. Financial Performance - The company's revenue for the third quarter reached 6.078 billion yuan, a 10.02% increase compared to the same period last year [2][3]. - The net profit attributable to shareholders was 172 million yuan, showing a remarkable growth of 202.40% year-on-year [1][3]. - For the first three quarters of 2025, total revenue was 16.989 billion yuan, up 14.41%, but the net profit remained negative at -66.68 million yuan, although this was an improvement of 80.60% compared to the previous year [5][7]. - The basic earnings per share for the third quarter was 0.0745 yuan, reflecting a 206.58% increase [2][3]. Operational Highlights - iFlytek's "Xunfei Spark" AI model maintained a leading position in domestic computing power, contributing to the company's strong performance [3][6]. - The company ranked first in the industry for the number and amount of large model project bids from January to September 2025, with a third-quarter bid amount of 545 million yuan, significantly higher than competitors [7][8]. - The company reported a 278.42% increase in asset disposal income compared to the previous year, driven by gains from long-term asset disposals [7]. Market Position and Strategy - iFlytek's revenue is primarily derived from software and information technology services, accounting for 98.16% of total revenue, with significant contributions from smart healthcare and open platforms [5][6]. - The company has made strides in international applications of its AI models, evidenced by the launch of a multilingual model tailored for the ASEAN region [6][8].