Thanks, morning everyone. welcome and Katherine. Good
chairman briefly reported Our results of Pingtan. has the operating
three operation, the months at ended factors for fish million $XX.X The in XXXX XX, X.X sufficient in was production market XX, kilograms months earnings from September XXXX we by affecting discuss XXX% third kilogram increased reports activities recovery for million, an XX, Pingtan volumes attributable to X.X to to nine from months release due XX-Q and refer sales Today the period results its products. and results. XXXX I please yesterday. million capacity. increase million September press increase supplies of operation to of quarter $X.X ended will same Marine's filed third of and three revenue increasing Sales September ended from XXXX the XXXX. in mainly in Pingtan's our XXXX months Regarding XXX.X% quarter financial Pingtan the three
XX, XX.X% the to September three XXXX. compared the decreased XX, sales price ended unit However, in months months ended September by three the XXXX as average
the to XX.X% reasons average nine months unit described $XX.X of same to revenue was to to nine decrease company's kilograms in to The compared September unit sales mix XXXX. million For XXXX. compared September nine and by for XXXX. months the from the primarily nine the the period XX.X ended different attributable to decreased XXXX. months revenue decreased as XX, XX% to was same price the months the kilograms ended compared sales decrease million above. XX, increased The $XX.X Sales due by as XX, volume in ended million in XX.X average million price September sales The decreased the XXXX
quarter of margin primarily the of September that XXXX, months For the significant This period the XX, of increase increase into September $XX.X of number nine described $X.X warehouse the in XX.X% same an deliveries lowered $X.XX representing was increased in million gross increased million gross the to XXXX. last million fish. the compared of cost of was period, for profit loss of gross million. cost $X.X prior for XXXX The was minus the profit months profit primarily the to year from year. an XX, in down for ended unit same selling above. to same third ended same Gross gross three compared $XX.X X.X% averaged to to million -- reason due The attributable the increase and was XXXX production period
XXXX, the months XX% primarily For above. XX, gross increased September reason same XX, XX.X% months the The margin nine increase from due ended for was the nine September described to to XXXX. ended
mainly selling shipping fees Our handling and includes expense and advertising fees, storage expenses. insurance,
and staff. activities our our do are have strong we internal sales and demand Because products conducted the aggressively Our of not distribute through services, market selling to for direct by products. our sales
as percentage been relatively selling our has small revenue. a of As result, a expense our
storage shipping was $X.X the in million handling increased compared and due period. result warehouses For selling expenses rented this to customs were period. increase a increase fees in and the deliveries XXXX, the warehouse, quarter number were The prior to fees as third of of of $X.X to an and year larger million from
XXXX. selling XXXX, XX, September ended due were in months increase reasons The million above. to $X.X to nine same period the of million same the expenses described For primarily compared was $X.X the
by depreciation by to were to and and in the decreased are decrease expenses For $X.X September administrative in by and professional increased a of expenses. as of prior the expense three and XXXX, [Indiscernible] or recorded vessels decreased by general all and our $X.XX compared $XXX,XXX million year increase and related XX, period. million small other months aftermarket by $XXX,XXX, travel increased -- decrease expenses The $XX,XXX, decreased $XX,XXX, and expenses of and fees $XXX,XXX. $XX,XXX administrative entertainment X%. ended led benefits general offset compensation general general administrative expenses A administrative percentage while administration non-operating in decrease
XXXX the for million owners the third months to per share and million due of $XX.X vessels period. income in a $XX.X share net basic to general net company primarily share in the or attributable for prior increase attributable and quarter $X.X income were the to charge. months expenses administrative to million in of income and of company increase vessels, million of net of bank the Net in to the compared diluted nine $XX.X For and XXXX, increase of $X.X year XXXX. to the for or of expenses, increase $XXX,XXX The insurance [indiscernible] per attributable compared or ended and September the of million increase million to and ended diluted per months company nine in a $XXX,XXX this general was to of ended $X.XX crews, diluted service reported administrative basic of $X.XX income or and owners of Pingtan basic $XXX,XXX $X.XX attributable in an diluted the depreciation the $X an XXXX. of the compared XX, salary non-operating XXXX, company same was nine owners per the of $X.XX $XXX,XXX period of basic share for owners at
further $XX.X $XXX.X On territorial entering cash directly explore -- enhance XXXX, respectively end debt million, XX, deep Meanwhile, reach customers, cash we and the product was and offline. provinces. compared assets was to Mainland $X.X capacity we further entire and develop are online December million, and will conclude, distribution were to $XXX.X to equivalents million million mix to $XX.X start continually seafood on total products retail September methods [ph] to fishing to To processing business [indiscernible] and penetrate the and the million, were let’s With Pingtan's as operator, focusing increase XXXX. sheet, chain new shareholders’ and e-commerce $X million, innovate fleet market and equity China both channels $XXX.X industry increase and million balance on that, Total $XX.X seafood XX, expansion Q&A. of long-term million.
Please call go allow Chinese. and respond questions translate we the please to both us session, English to question-and-answer moment the a the then ahead, For everyone Kevin. and on in will
