HEFEI, April 14 (Xinhua) -- Chinese artificial intelligence (AI) firm iFlytek Co. expects to report a net loss between 125 million yuan (about 17.8 million U.S. dollars) and 135 million yuan in the first quarter of 2020 as the COVID-19 epidemic hurt business.
The company said in a filing to the Shenzhen Stock Exchange that it reversed to the loss from a net profit of 101.88 million yuan in the same period last year.
The loss came mainly as the epidemic delayed the firm's projects in the first quarter and thus affected its revenues, iFlytek said.
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