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iFLYTEK, a Chinese AI vendor, reported a nearly 8% year-on-year increase in Q3 revenue, with a non-IFRS net loss of 126 million yuan.
According to its Q3 2026 report disclosed on October 19, Chinese AI vendor iFLYTEK achieved revenue of 6.564 billion yuan for the quarter, a year-on-year increase of 7.99%. Net profit attributable to the parent company was 226 million yuan, up 31.05% year-on-year. After deducting non-recurring gains and losses, the company reported a net loss of 126 million yuan, with non-IFRS losses for the first three quarters expanding to 763 million yuan year-on-year. The company stated that its R&D investment in Q3 exceeded 1.7 billion yuan, accounting for over 25% of revenue, primarily due to increased investment in large model R&D and expenditures for storage chip inventory.
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