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through reduce operating significantly In operational improvements we efficiency, managed in XXXX, to losses.
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This confident navigate our media now prepared fourth All mentioned through landscape
as To in elaborate, million of million certain CNY in due was period were competition. and reduction of of million XXX.X advertising CNY revenues million industries the XXX.X Our advertising industry-wide XXX.X spending compared same last revenues CNY period total same to decrease net mainly The advertisers compared to year. in CNY the in year. to were the last intensified XXX
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CNY last period CNY to million to the year. net X.X XX.X Income RMB was last million of million CNY same attributable compared the from iFeng income to Net income million period of to income of compared year. in from operations XX.X same in was attributable iFeng operations XX.X of
on balance our sheet. Moving to
deposits, cash investments XX, were million. USD cash X.XX short-term company's restricted cash RMB XXX term December billion or of approximately XXXX, equivalents, and and the As
to like quarter I'd first Finally, the for our business provide outlook of XXXX.
and be revenues total CNY forecasting CNY million XXX.X are We million. XXX.X to between
forecasting advertising net XXX.X between are CNY and million. For million CNY XXX.X we revenues,
revenues, CNY million For X.X service forecasting paid are million. XX.X CNY we between and
subject change are view, and forecast and which the preliminary uncertainties. to This reflects substantial current our
prepared call. the This concludes portion of our
please Operator, ready We ahead. go for are now questions.
