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iFlytek disclosed a non-recurring net loss of 763 million yuan for the first three quarters of 2026. According to a 36Kr·AI report, the company's revenue for the first three quarters was 18.187 billion yuan, with net profit attributable to shareholders of 21.8872 million yuan, but its non-recurring net profit showed a loss of 763 million yuan, more than double the 338 million yuan loss in the same period last year. The report said the positive book figure was mainly due to 471 million yuan in government subsidies, 370 million yuan in equity appreciation of invested companies, and 84 million yuan in asset disposal income, totaling about 785 million yuan. The company's R&D expenses for the first three quarters were 3.850 billion yuan, accounting for more than 21% of revenue, and it attributed the widened non-recurring loss to continued investment in its self-controlled large model route; in domestic public tenders for large models in the third quarter, iFlytek ranked first in both the number and value of bids won. No further progress has been disclosed yet.
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Oct 20
36Kr · AI
iFlytek's non-recurring net loss in the first three quarters was 763 million yuan, with its book profit turned positive by subsidies and equity gains
In the first three quarters, iFlytek's revenue was 18.187 billion yuan, and net profit attributable to shareholders was 21.8872 million yuan, but non-recurring net profit showed a loss of 763 million yuan, more than double the 338 million yuan loss in the same period last year. The book turnaround to positive was mainly due to 471 million yuan in government subsidies, 370 million yuan in equity appreciation of invested companies, and 84 million yuan in asset disposal income, totaling about 785 million yuan. The company's R&D expenses in the first three quarters were 3.850 billion yuan, accounting for more than 21% of revenue, and it attributed the widened non-recurring loss to continued investment in the self-controlled large model route; in public domestic large model tenders in the third quarter, iFlytek ranked first in both the number and amount of bids won.