IFLYTEK(002230)2022-12-03 09:11Financial Performance - Revenue for the first three quarters reached 5.28 billion, a year-on-year increase of 56% [2] - Gross profit was 2.58 billion, up 53% year-on-year [2] - Net profit attributable to shareholders was 219 million, reflecting a 29% increase [2] - The third quarter's revenue set a historical high, indicating rapid business expansion [3] Cost Structure - R&D expenses increased by nearly 70% in the first three quarters [3] - Sales expenses also rose close to 69%, indicating significant investment in future capabilities [3] - 76% of total expenses are related to personnel costs, primarily salaries and related overheads [7] Market Strategy - The company is focusing on deepening its market presence in various sectors, including education, justice, and healthcare [4][10] - The consumer segment saw revenue of 1.8 billion, with a growth rate of 118% [8] - The translation device maintained a leading market share, with sales growth nearing 200% [8] Government Support - Government subsidies play a minor role in overall revenue, with significant funding allocated for R&D and project support [4][5] - The company emphasizes that government funding is not a primary profit source but helps reduce costs and enhance capabilities [6] Future Outlook - The company anticipates a slowdown in personnel growth, with a focus on optimizing existing resources to support future growth [7][13] - Cash flow for the third quarter was positive at 129 million, indicating improved financial health [7] - The company is confident in achieving a balance between revenue growth and profit in the coming years [13]