Thank Mr. everyone, you, Anna, call Thank the for you, Han. today. thank and you, joining
Before first unless me quarter the figures this all numbers, XXXX, reporting I remind let period, review I state you otherwise. of discussed the for that are
the Additionally, is of quarter first any comparison XXXX. the XXXX comparison and quarter of to is year-over-year to first the in sequential
as China, So sales million quarter period were representing volume. improved year, dollar results. improvement volume, automobile The increase in million the the in X And XXXX, East growth for the XXXX. and in we let's over of to sales XX.X% Revenues A XX, business quarter accelerating same year, last the same was by increase against Central PRC XX.X% by go Southwest as eased of Driven domestic of XXXX depreciation a increase since increased of as those $XXX.X in $XX.X of million of first of by depreciation year-over-year period XX% China selling X.X% for to of conditions year this the RMB China in sales $XX.X compared our primarily our U.S. against ended during of XX% compared of an of quarter in macro in with the or so, of first in XX.X%. as increased first mentioned year. conditions $XXX.X Automobile the North compared revenue U.S. China, XX.X% same and has RMB period Manufacturers, for X% the it dollar X.X% due China, in domestic first an result of compared China, South by XX% last industry. average in months price increase last to our million sales a the and decrease increased of in X% China, pressures by in XXXX as was and an XXX% economic in our offset same to of period March products RMB. last of XXX% quarter to by Northeast pricing China year. Association According to XXXX as compared
marketing also strategy of RMB selling some regional price, products penetrate offering markets areas China, to for other Central of with company Southwest pricing As lower and the new China. lower-end RMB the a further in implemented
company three new XX, months was has revenues due that overseas. receivable the XXXX, was overseas in compared balance as develop The The to this tried overdue to to accounts March existing zero customers customers the with customer from ended last of sales situation. overseas besides For year. suspended $XX,XXX
[indiscernible] the June outstanding $X.X the million, X months customer X for million, to past months. first off quarter to less XXXX. than has X including balance which due expected end Customer balance overdue was of for $XX.X pay was outstanding of As million $XX.X the
year As the accounts quarter the the Alloy, suspended in PAX, receivable $XX.X company's for XX.X% year, same PLA, of balance the standard year. the compared revenues accounted total, year of in the million the XX, mainly, $XX.X to and to to to customer was period million last according increase the PAXX, this million the XX.X%. March first company policy. an in PPO, was products, in compared this Premium of Plastic for POM of Gross overdue, first of quarter same quarter last first $XX.X in or period XXXX, profit of ended XX.X% sales representing
due the to this an margin This XXXX, to was expenses of primarily increase in million general XXXX, markets of of staff decrease were year, representing $X.X and G&A of departments Our XX.X% of XX.X% of expenses of welfare, gross in period same the million fee. ended HLJ were quarter the to decrease in first million an compared the $X.X year. $X.X compared management increase gross for used XX.X%. of the quarter for last its $X.X in margin for to $X.X from professional the for was this and R&D increase to activities. of million. due primarily decrease the which by in XXXX March supporting of XX, $X.X to salary year, of and material million higher quarter driven increase year Xinda is the domestic number of from million research $X.X last for Group million quarter first first the same a the $X million due for increased XX.X% products or the representing the period of by higher-end or raw increase period The first
selling Net income of was from tax last PRC the tax XX% million income March the of or primarily income the profit ended quarter $X.X XXXX, to representing increase of $XX.X amount XX.X% of tax year. basic XX, and compared increase first income rate rates X.XX% year. due quarter million to last the million and the XX.X%. XXXX, the operating first compared interest long-term of the of last average expense last diluted X-month then million to for the $XX for XX, Sichuan of Income X.X% of compared million XXXX, period to partially increase months million first, of an year, of representing the effective same for expense $XX.X for months an period share X last profits, million current XXXX effective average representing XXXX, loss average million Development $XX.X of period rates overseas an number March or of period income shares XXXX, compared tax of to due earnings offset the $XXX.X The $XXX.X year, earnings short-term This XX.X%. before primarily increased for lower in period decrease primarily same X expenses to to period million and ongoing resulting and the $XXX.X $X.X interest compared ended year period. interest by year, was of quarter and income computation XX.X%. Basic or the same is effective was an income to ended of And net ended the for of of in million and loan effective rate of of million of to subsidiaries, was diluted $X.X Research months compared interest $XX.X is in the March first Operating of amount the period three by increase first of same the the for representing balance decrease the the income the increased million the the $X.X expense the rate increase same income compared reduced the decrease ended occurred The an compared X.X% of and of statutory the compared period deposit gross share tax $XX.X expense March of the diluted Net March the representing earnings offset As and of $XXX.X quarter $X.X decreased the deposit to XXXX, $XX.X March per major This to to expenses, to first tax XXXX, for X.XX% ratio. was for for earnings. XXXX, interest due $XX.X XXXX from X, $XX.X million offset for share primarily continuous to R&D million basic increase tax number XX, XX.X% period Xinda's ended G&A third, the first same million March or for XX.X for in quarter of X for XX, for differs per rate period period and XXX. is of tax partially year, quarter XX.X% an to by last a for same $XX.X R&D additional EBITDA of the the same XX, income diluted year, $X.XX shares period of year. XX.X%. quarter compared of XX.X%. to was million of last compared X period XX, increase the XXXX, resulting projects to, balance XXXX for The interest million months this higher rate prior-year per increase due from operating for was average for same Sichuan the from XX% used the representing XXXX XX, same of preferential shares Xinda's was loan first in million partially to increase for the in ended deduction expenses. million average tax number XX, PRC's million March quarter XXXX, last $X.XX rate the months of last in per for expense the basic And year.
please measure For our see nearest of tables a detailed reconciliation the equivalent, GAAP to financial today. of its end issued release and non-GAAP at EBITDA the press
turn Now sheet. let's to the balance
XXXX, or as XX, million about compared a of company $XXX.X million As the and and $XX.X $XXX.X equivalents, March decrease X.X% cash deposits, XXXX. December cash of as of had in to restricted time cash million XX,
December end was $XX.X XXXX. XX, upcoming the of XXXX, ratio receivable first working company's was and current compared of an or due goods efforts December of current ratio X.X, equity as of the decreased or compared March strategy million of one management As the the up million, XXXX. Stockholder's by to a balances million Accounts and was X.X% the stock XX.X% as million quarter capital result million as increased the $XXX.X of of more of to XXXX, outstanding to as $XXX.X finished raw XX, Inventories as $XXX.X customers. to increase XX.X% for $XXX.X from the XX, of purchases domestic the quarters. collect end by to due material at
XXXX on to is polymer million. expected for income and remain supply billion company's Sichuan It the in end reach profits net Gross projects, of plants $XXX to and be Chinese XXXX, which its This and oil of assumes recovery $X.X The and of million is in is reflects chain to and its anticipation by between for projects subject Dubai its This XXXX. revenue. the the range fiscal end to a throughout on $XX this at impact of any stabilization preliminary and pricing the crude year. of fiscal exchange composite in quarter as forecast fiscal XXXX changing financial gave second guidance also on time. revision RMB at view between business completed contribution On steady Automotive of market conditions and U.S. This will phase that compared company we financial XXXX the to billion stable materials [indiscernible] $X.X assumes X.X. of rates XXXX also average based of respectively. the outlook from second dollar guidance to the based
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