everyone. Hello,
XXXX with to solid start the are We quarter. performance pleased a financial in first
again in our monetary adjusting volumes implement continue based strategy dynamically effective on our close securing this quality and to asset loan of and proactively profitability. dynamics, We proved
the with volume, XX our basis by bottom and on the yearly decreased our RMB amount line in In improvements and to first the quarterly year-over-year As a top quarter, in the a XX% loan result, the billion, quarter-over-quarter originally facilitated notable profits. total year-over-year line and both and a XX% in increased and loan with quarter-over-quarter guidance. despite decline
a for loans Our of balance due initiated XXX in X.X% outstanding a at is a as of outstanding outstanding last year. primarily and X.XX% XX quarter, the overdue increase control year X.XX% and respectively, end, ago. with for billion of quarter RMB in the loan proactive and X.XX%, The to quarter Delinquency was loan days outstanding first and total XX as to end at at percentage the past compared facilitating of of XX end were days XX the total loans that rates of March due we this XXXX. loans originating loan balances lower result the to
Excluding quarter. the reduced closing risk during system began entire volume, credit this monitoring impact through We stabilize to necessary taking all risks. mitigate remain and streaming measures loan of to borrowers control the quality asset cycle, continuing committed to our the
million. strategy, This In income XX% year-over-year X% revenue the despite X.X efficiency, RMB year-over-year of operational profitability. once to loan quarter, risk net quarter-over-quarter improved total quarter-over-quarter our long-term and strong first was controls XXX and decline demonstrates ensuring to net XX% effectiveness RMB billion, volumes. and commitment strict increased execution up the to Thanks and the by our again XX% in
investor. for expense borrower the borrower expenses. costs sales and marketing borrower from costs and from we expenses the company's and operation expenses Indirect the acquisition the the quarter, provide to clear with this breakdown marketing origination acquisitions and of the expenses and general into expenses total and Beginning combined service the from a administration acquisitions expense
Going to forward, while implement quality asset profitability. we continue drive borrower opening up acquisition to sustainable will costs
with goals in confident are stabilized We profitable quality. our future asset
around our loan originated the be amount RMB expect for the year XXXX facilitated for on current borrowing and under full visibility and loan to clear strategy the XXX a have billion. We total
shareholder to creation and to value unmoving. commitment sustainable is profitability Our
XXXX, Our new Directors effective has XX, shares, a January worth which will Board X, million to be November of from our to of up repurchase to program $XX authorized XXXX.
confident for our are a We in shareholders. our returns drive we long-term position and public as company will
would performance QX. financial for like the to give I Now some
that of are growth net of in by up. the X,XXX same all million RMB period X,XXX stated Please revenue. to Total with further note disaggregate XXXX, numbers and Please XXXX. rounded various revenue of primarily from the of same the the XX% increased this due is equation RMB in see million compared analysis RMB revenue to period in
to of Origination to the of and provided million loan expenses increase XX% from XXX the the volume in the primarily from of increased in previous expenses due quarters the the RMB XXX collection same compared effect of servicing facility XXXX. XXXX, period increased RMB resulting with in same period and by million cumulative
with same with result for compared Borrower Provision XXXX, hold in accumulated XX marketing in due quarters the increased million acquisition volume of expenses and X% effect due receivable the by was acquisitions of of an receivable loan XXXX, RMB the XXX of increase the previous decreased period XX of to company primarily RMB facility million period the of by primarily in the million with RMB period provided loan compared and same of period the as XXXX. same the same the a compared RMB XXX to XXXX. million in decrease in borrower from cost loan the to
million RMB XXX with XXXX. million period operations compared with million same same RMB Income XXX adjusted the of XXXX. XXXX. in period was in compared same income RMB of the with from Non-GAAP RMB the million million was RMB XXX XXX the net income million of period compared Net was XXX in XXX
our to website. financial earnings IR refer on information, please release the further For
business Now on our outlook.
RMB total amount be billion originated loan facilitated and to this we XX QX RMB For billion. between and XX.X year, expect
to Operator, This to year prepared please. full amount billion. XX be questions. to the XXX the For and originated like expect our between of would XXXX, open RMB to the total call billion we facilitated RMB concludes and remarks, we
