IFLYTEK: a net loss of 57.895 million yuan in the first quarter

[iFLYTEK: net loss of 57.895 million yuan in the first quarter] iFLYTEK disclosed its first-quarter net loss of 57.895 million yuan, compared with a net profit of 110 million yuan in the same period last year. Based on the progress in domestic substitution and business development, it is expected to achieve positive growth in revenue and gross profit from the second quarter.