iFlytek Narrows Q1 Loss; Shares Down 3%
iFlytek (SHE:002230) posted first-quarter attributable net loss of 169.7 million yuan, compared with the 193.3 million yuan loss in the previous year.Loss per share narrowed to 0.07 yuan from 0.08 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 13% year over year to 5.27 billion yuan from 4.66 billion yuan.Shares of the tech company were down 3% in recent trade.