a of six months XXXX. the will move ended XX, on I our more financial now to June Huang. for detailed Ms. results discussion you, Thank
X tiles six square of volume X.X% million the million, XXXX for of compared RMBXX.X was $X.X due tiles meters the of square June same due from to to million compared $X.X XXXX to ended the months partially million period-over-period profit rights million in Gross for of compared million was to decrease in ended The and million with for or gross same from months months period RMBXX.X period in the revenue our sales to XX.X% XX.X% ceramic million for RMBX.X in a the RMBXX.X million as XXXX, the a of months $X.X six our million an XX, $X was XXXX. compared increase sales XXXX. which tiles tiles a of Our average to six revenue increase sales ceramic XXXX. or million as RMBX.X X.X% period XXXX RMBX.X same ended margin increase period or loss same The offset million or million XX, selling software for to for was as period increase million ceramic $X.X for XXXX of same Chengdu. meters the six Antelope X.X in by June price. ceramic for million for margin profit or The gross or XXXX, gross revenue loss of increase XX% X% of XX, of or $X.X the was in $X.X million RMBXX.X the the was of June an of to
its or months one facility million ended for lease for pursuant the of $X.X from six period to income an Hengdali contract. Other June of XXXX. primarily production million income RMBX.X income comparable compared XX, to Our rental received year lines XXXX leasing company was RMBX.X $X.X or eight or million the consists its out the the of million by
million million months incorporated Administrative have same period the million as X, XX, of were $XX.X compared $X.X for the XXXX. for recognized expenses period our a ended that we credit financial appropriate for loss loss our XXXX or consulting for for subsidiary, which from receivables, compared debt or same primarily or expenses income or XXXX. debt period addition, million Instruments. believe [RMBX.X] Chengdu six Bad during on trade million expense the XX, RMBX.X distribution months in million, million RMBXXX.X was allowance six of for million June XX, realized or the to In XX, to Future, impairment for expense. RMBX.X June $X.X million RMBXX.X expected RMBX.X ended XXXX. a and expense million million XXXX. $X.X the as six million are $X.X $X.X months June RMBXX.X resolve bad bad We under months Financial the to decrease Selling to million XXXX our we from the on were June newly We or measures or subject debt comparable undertaken ended technology assets, of six XXXX $X.X IFRS of million ended
period. $XX.X expense, a or of bad as $XX.X of We million in continue each fully ended Loss account fiscal of each XXXX increase or which in presented period as of upcoming figures X:X or same decrease assiduously same the expenses. for their net XXXX. on ended or loss to to was million million with due period to loss our was test split an effective in reverse was latter the six well million basic RMBXX.XX as for receivables will June [customers] XXXX debt months RMBXXX.X in share the in June XXXX an loss compared diluted XXXX. partially fully balances mainly review to loss for compared for per offset net credit for $X.XX by RMBXX.XX share basic quality Net as decrease XX, $X.XX and and XX, RMBXX.X loss retroactively and the per diluted six the administrative increase for XX, was stock gross months the of September The
sheet. balance our to Turning
we $X.X As of million as XX, bank and RMBXX to XXXX. cash December had XX, compared million or XXXX, or balances of $X.X June of RMBXX.X million million
XXX We turn inventory to of December primarily production XX, months was turnover XXXX believe as of June of the utilize decrease at The days to our June current current facility during in cessation As value stock. the the that XXXX, to as days of plan inventory ended realizable. compared to days our XXXX. is XX, was Hengdali inventory primarily XX, six inventory due XXX due in our our
COVID-XX of XX, tight to the due June pandemic. XXX days to XXXX, Our XXX of of XX, days compared result was due was net as collection our cash XXXX. value-added of The to of December reported increase receivables trade trade primarily tax turnover a as turnover, slow in the as as receivables by our customers receivables trade as flow
days tax credit Our to days XX to of XX, suppliers. average trade period value-added granted as December XXXX. The four the XXXX one as turnover was June months XX, of net our by within was XX of payable compared as normal of turnover days
as ceramic utilization ended producing X.X we plant million capable to capable X.X six for tiles our XX, months ended producing million when we the and meters square of In terms months XX, utilized meters. facility capacity six square compared plant of of production utilized XXXX XXXX of capacity, June June
production the Our capable capacity meters tiles of producing ceramic the ceramic ended square XX, XX.X of six of tiles annual Hengda June million meters utilized months at we square facility an of capacity has production X.X and for the facility XXXX. million
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of conditions than expenditure anticipate we Although remainder equipment. maintenance for subject associated minimal and other with those business repairs modest of small are of the level upgrades, to change, capital a XXXX
business Moving to our outlook.
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be China's growth activity the Looking to business XX% forward, sector of economic is continues impact its China as estate a of comprise estimated and vital the to component sector GDP. real other on China's
However, potentially certain growth estate real sector. limit the factors could the of
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In municipality project family the and of to construction sector government make condition anticipate challenging. addition, buy. urbanization the new and auctions. curbs, activity. materials the order could importance in impose excessive business building the on as at to what long of is central sectors limit the the the the a We homes be the has sector mortgage lending this can have can believe will We materials driver to construction continue and bidding such cool for Further, in restriction development, that certain lending as estate potentially and price been building past, grow number for that term, trend it land which to land continues which have key construction that halted key auction in real constraint could on
has over addition, renovation with promote the upgrading of million of in few higher a as to Chinese the come that that products unit for coastal announced stock it to demand neglected years. cities the homes mostly as from materials. X Tier This and XXXX. construction next the believe lead well housing and lower-tier could We government will housing of demand along X existing building intends for In our affordable cities the
fuel remain to markets. our We XXXX contribute risks current available views market a is which reflects increasing and company's customers currently sector information growth outlook in please. opportunity half change risks public call financial as financial and the larger of and to to new our our the also our based and business and Tier we our uncertainties company's to the open be on Operator, arise, any diversifying operations are is as results. identified our to secure Tier as questions half would technology of filings. subsidiary cities this will in on efforts preliminary Southeast we At as product the first will to up well focused to X the level like in of the financial pertaining a significant to the subject and us, This uncertainties we However, subject Asia XXXX. point, in X to to performance the to revenue first and
