[iFlytek: Net profit in the first three quarters increased by 132.83% year-on-year] On October 19, iFlytek (002230.SZ) announced that its operating income in the third quarter was 6.564 billion yuan, a year-on-year increase of 7.99%; the net profit attributable to shareholders of listed companies was 226 million yuan, a year-on-year increase of 31.05%. Operating income in the first three quarters was 18.187 billion yuan, a year-on-year increase of 7.05%; net profit attributable to shareholders of listed companies was 21.8872 million yuan, a year-on-year increase of 132.83%. During the reporting period, while maintaining high-intensity R&D investment in the independent and controllable technology route of artificial intelligence, the company solidly promoted the implementation of artificial intelligence applications in accordance with the principles of strengthening the C-side, deepening the B-side, and optimizing the G-side. Operating income in the third quarter increased by 7.99% compared with the same period last year, mainly because the company actively promoted business strategic focus and structural adjustment: G-end business income in the third quarter decreased by 2.39% year-on-year. While actively shrinking the smart city business, smart education and smart medical businesses both achieved healthy growth of more than 20%. Although the overall revenue of the G-end business declined slightly, the business structure continued to be optimized and the operational business made significant progress. Net profit attributable to parent companies increased by 31.05% year-on-year in the third quarter, while non-net profit decreased by 150 million yuan year-on-year. This was mainly because the company continued to maintain high R&D investment on its independent and controllable technology route: R&D investment in the third quarter exceeded 1.7 billion yuan, an increase of nearly 400 million yuan over the same period last year, accounting for more than 25% of operating income. Xiaocai's note: The company's Q3 net profit was 226 million, and Q2 net profit was -34 million. Based on this calculation, Q3 net profit turned from a loss to a profit.