our Julie, in everyone, deliver operating I'm opening Chen. Mr. to and you, behalf XXXX discuss on quarter financial of for remarks thank results. pleased call participating and today's you, our conference Thank to first
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now review This overview of highlights. provide for financial remarks. quarter like Chen's our now XXXX. a financial concludes brief first Mr. I results our the to will quarter of I'd first
to a For today. we our release financial at refer issued closer our to encourage you look results, press earlier
and our efficiency.
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year-over-year RMB profit billion. the by to X.X of cost our X% increased rose XX% in revenues to first billion quarter, while X.X RMB year-over-year gross Our
Our in the QX, from last in gross XX.X% period XX.X% up profit reached year. same margin
We XXX loss X% losses and RMB the adjusted expenses million, expenses million down respectively. XX% X% RMB expenses by R&D expenses game. XXX XX% and expenses operating to RMB first Sales first our total G&A XXX million SLG and increased RMB XXX narrowing to down year-over-year. adjusted year-over-year and quarter, due the billion to year-over-year were year-over-year, year-over-year. million, related promotion in of cut quarter. by million, our to was early RMB upcoming to in RMB Our were loss mainly XXX X.X these net release marketing the X% down X% operating
in first ago. improved the in ratio quarter year period loss net XX% to from same X% the adjusted Our a
positive demonstrating first our RMB sustainable for we XXX flow, For the cash [indiscernible] also development. ongoing million generated quarter, in business operating
reach to We in gross ] the expect as operating growth [ profit positive XXXX line of top profit margin quarter improvement. our sustained through non-GAAP third
principal investments March In this deposits billion. USD amount As year, XXXX had outstanding cash April of March April right aggregate X.X completed our December RMB we was XX.X the repurchase and short-term time and XXX cash notes XXXX we XX, of XXXX equivalents, and offer transaction, for billion XXXX or the notes, of USD completion of After this notes. the million. notes XXXX,
is to to Thank We your would bonds. to believe Operator, cash our go now remaining call the convertible cover ahead. position all attention. of our please like questions. you We your sufficient for open
