Katherine. Good and everyone. you, welcome, morning Thank
Pingtan last operation release quarter months six second will Pingtan’s XXXX affecting press results Regarding XX-Q discuss earnings the the quarter I please financial Marine results. and Friday. factors of XXXX Today, Enterprise our to filed operations, second refer and we and
million by XX.X For sales our volumes quarter increasing from the quarter second million XXXX. kilogram, kilograms XXX% X.X the XXXX, second in were of of
million at from months kilograms XXXX. XX.X sales period in $XX.X by from its three $XX.X Pingtan XX, for by was XXX% resulted average volume million June increasing in primarily for sales in million operation to For increasing the months an revenue attributable of reports is XXXX. same XXXX more to the decreased ended the prices sales The increase the our in six period vessels unit which same sales kilograms compared XX, million in different period XX.X% to the XXXX, XX.X ended same in mix, the as June, in increase volume. revenue XXXX. And due
due For to half the $XX.X primarily ended operation. the XXXX. vessels the reasons to XXXX, million of to six same was the $XX.X in June company's compared in above, due increase months XX, described revenues were million The mainly more first
second to primarily The was $X.X the compared delivered XXXX the was the same different sales compared ended year the in to year. of June, Gross the for prior vessels three in the waters gross XX.X% new period deployed margin gross XXXX of same gross months million XXXX fishing for XXXX, to six the to the ended XX, of gross the XXXX. XX, profit months June ended prior were attributable XX, of by a quarter ended was in The of drop million three profit For $XX.X from June average compared different June unit the million mix decrease period was period. catch three from in price for XX, gross months due XXXX, profit as in months XX.X% in profit to seas. $X high XX.X% margin decreased $XX.X that
XX.X% namely unit XX, June from decrease described months above, a XX.X% margin six due period The same reason the primarily the price XXXX, by average to to of ended the same in XXXX. XX.X%. gross was sales decreased drop For of
second the increase insured expense, partially different the period. the million was to due and clearance XXXX, other in increase $X.X selling of the expenses. miscellaneous For fees, shipping by in handling attributable primarily insurance and charge fees, to increase selling decrease advertising in mix vessel the year in expenses $X.X fishing were The and custom offset storage quarter compared to prior million
miscellaneous XXXX. June in a as compared fees, pilotage fees, primarily fees result The the communication of offset the other in partially ended satellite insurance expenses period due as fishing selling custom For million due higher was in advertising clearance as million to expense increase by insured XXXX, in increase different same of and expenses. XX, fee six months and and to $X.X handling $X.X selling shipping were storage in increase to increase the vessel decrease mix, well fees,
ended months XXXX, June three were and the our general For XX, administrative expenses
related of $X.X non-operating of million and compared to the decrease year period. professional XX vessel fees to The rebuilding as of drop due second as decrease in and prior $X.X was the in projects, also upon in of same $X the depreciation quarter $X.X the partially the million second Compensation modification a million. vessels impairment large period decreased the quarter by showed to non-operating XXXX in compared to the loss and in in million decrease of relation on increase primarily vessels XXXX. by launch was in The number the XXXX. benefits vessels offset of
to The vessels, $X.X by which decrease XXXX, totaled primarily months big expenses The For impairment related XX, the and ended June benefits, to due the loss professional fees. was $X.X six $X.X in XXXX. the and depreciation months and the in period million general to June vessels, compensation non-operating of on relation increase for offset partially were increase the XX, ended million XXXX. compared six in an was administrative same million
second attributable diluted diluted net to per XXXX, the per share, basic for Pingtan million, net quarter in the attributable the or $X.X of company year reported owners income and company prior basic income owners of compared to of of or a to and $X.XX the $X.XX of $X.X period. million share
income the was to $X.X attributable of of of XXXX attributable basic diluted in the the XXXX. for and the company million, to half million, $X.XX share, owners of per half $X.XX first income company Net to share diluted $X.X basic or net of and first compared or per owners
sheet, and XX, June compared XXXX, Pingtan’s of million $XXX.X December total balance at the cash total was equity shareholders' million; $XX.X $X.X $XXX.X equivalents long-term XX, to million, as million; million was $X.X and and million, current million; were XXXX. assets debt $X $XXX.X respectively On million $XXX were cash
We're Pingtan both for to territorial offline. business continues channels actively fleet capacity deep market conclude, and increase of and to vessels preparing processing mix. and and distribution planning further on develop to increase provinces. seafood expansion penetrate seafood industry business and chain online inland expansion, e-commerce will new explore focusing to customers, directly enrich entire production and China's further the to To product reach the retail end we enhance and fishing Meanwhile,
