Management you, joining and in good everyone. I Pharma. has continued morning, you to of the for active in today negatively would in vigorously impacted to recent fluctuations these us for certain China quarter tender Diana, first period. provincial this participation revenue your sales to solicit like drug through continue market which promote of markets. will expand XXXX, offers market experienced to China allow in of Thank presence its openings our and new We thank Pharma each support and
environment consistency the sustained continue and the we from challenging industry addition, in this of period. evaluations, experiencing stringent in In registration requirements drug more our standards, pressure the
will order in evaluate states rest the We for continue conditions English. Li’s guidance, further to development competition in policies, read in our optimize the products, to our products, strategy. now actively I to current Ms. prepared pipeline will adapt existing and remarks the of and market market
as I three Now, to three XX% the due balance results during fluctuations. period XX, and million March in same XX, the $X.X the months sheet XXXX XXXX, information. ended the like for months $X.X by to would review decreased $X.X financial million our to compared the quarter for Revenue March to compared XX, months three market as ended mainly million ended was XXXX. $X.X profit This XXXX. million, March to Gross was decrease for first XXXX
decrease margin fixed of to profit the the was XXXX. three the as The XX.X% in Our XXXX gross our was same gross mainly to due ratio decrease in ended XX, in the to increased profit cost margins revenue. period in March revenue during compared the months and XX.X%
$X.X practices, the Our accounted respectively. XX, compared as months million, for XX.X% the ended for selling ended due $X.X expenses in healthcare months were million of of revenue expenses March the to sales XX.X% XXXX to March sales XXXX. in expenses the receivable. period three three and reduced reform XXXX, XXXX of same personnel we total accounts had and policies, Selling the our during to of and support XX, number and in the our efficiently Because collection adjustments the the
$X.X and months of of XXXX in XX, three to ended ended administrative March the March represented a and same net million three fixed ended period March as revenues million, loss decrease XXXX, for was due $X.X same cost. as loss for which million, the expenditures XXXX the to expenses total in The decreased proportion for for $X.X XX.X% accounted result to increase $X.X year mainly general the XX, administrative revenue, months respectively. and Net in the was Our was to for $X.X revenue, whereas and of the decrease compared million, XX, General XXXX. the months compared not period were the XX.X% in expenses our three XXXX a million ago. did which
XXXX For per XXXX, was XX, diluted the three share and loss March months $X.XX. both ended basic common and
balance the to Turning sheet.
company the $X.X equivalents cash of XX, to cash $X as December had compared million, As of XXXX. million of XX, and XXXX, March
XX, As $X.X XX, of as XXXX, $X.X net accounts of March million was compared XXXX. December to receivable our million,
up business ended XX, was we $X.X compared continue as XXXX. flow for For in to months cash million, three million will XXXX, March same Overall, the $X.X the activities focusing on we from period operating our duration interest sales the believe will fair and in that, our suppose open questions. development the will this future. our With promote a of for call now Operator? holders’ and share that
