Good macro first we everyone. uncertain an evening, you. recorded Thank Despite Okay. satisfactory environment, quarter results.
decreased Shen RMBXXX RMBXXX revenue same by year. quarter. we Mr. said, X.X% the quarter as Revenue in X.X% from third-party generated of first compared to million period first in the customers the by to Just last of delivered decreased XXXX, million
to decision quality our and to reflects reduce low decline with Revenue adopt strategy customized projects growth margin.
We points for the are X.X and to margin year-over-year this to improved to points see encouraged increased strategy of XX.X% quarter that XX.X%. non-IFRS gross because percentage X.X percentage margin by gross
to shareholders percentage and RMBXXX points shareholders loss on year-over-year negative Net basis the XX.X%. to ratio loss net attributable substantially XX.X improved corresponding million by was a to
mix customer quarter, Now our let’s maintained revenue the revenue relatively our type In first turn by to stable. mix.
the did XXXX. last Our contributing year, an third-party management adjustment The decreased revenues reflected the to X.X% environment first services RMBXXX in impact QX and maro XX.X% decreased in by risk in revenue, of quarter. our uncertain business from strategic on revenue to compared origination QX which have total a mainly million revenue and
we focus key our a and of improve. as second remains growth from macro initiatives, third-party revenue believe Once revenue Third-party our strategy second to we stage the continue advance strategy. pressures subside will –
momentum first continued making temporary quarter, also are reduced overseas shortfalls to for products services. up the glad implementation the and in We that our demands certain see business and strong of
X.X% decreased and In million quarter, due origination business to from total our The first XX.X% management decline mainly services lower revenue contributed Lufax risk Lufax in revenue services. was Lufax of revenue. business operation the demands for optimization, to RMBXX resulting from and
Revenue decreased was Ping our contributed Revenue from essentially from million Ping Group RMBXXX An stable. An Group XX% of total to and revenue. X.X%
always, As Group’s deeply embedded operations. core daily An as which Ping have solutions, Group important An services technology provided our client. to Group OneConnect into Ping most been The Ping regards An flagship are
Our momentum. services have record proven revenue success. our expect steady a to Group we to Therefore, a from also An Ping of maintain Ping An Group
data by mix revenue million, middle mainly products the to revenue system increased system first in on platform’s a demands type. the and on The the XX.X% by products gamma to basis business expanding for insurance Moving quarter. implementation due RMBXXX year-over-year to
origination demands quarter. lower banking due mainly to modules macro from primarily RMBXX to solutions year-over-year management year-over-year in volumes decline under the marketing Revenue products decreased into by to business services risk from retail of channel Revenue transaction in by due million, expected risk XX.X% solutions. lower transaction because and analytics business origination services XX.X% in in digital environment RMBXX decreased the first reduced volume challenging than million,
million auto XX.X% reflecting quarter. demand continued reduced the services and Revenue relatively with year-over-year by support last from for which our decreased products compared first from customer year-over-year decreased year, RMBXXX stable operation Revenue a in a basis cloud services platform services benefits primarily million, to in efforts. X.X% on a was RMBXXX first by RMBXXX was on the ecosystem caused services million, operation by and the transformation basis quarter of
that the platform services chunk biggest our services would cloud demand and continue see up Revenue believe platform and performance from the cloud of continued improved we taking strong revenue
demand million other was to Revenue year-over-year lower by XX.X% services RMBXX The for from first in support post to implementation ecosystem auto services. primarily decreased decline due quarter. and the
growth million in first by business the Its banking momentum RMBXX quarter the compared to as from last XXXX. XX.X% our quarter virtual Kong revenue year. in first continued strong PAOB increased Hong the to
the capture the that digital will We arise. to and demand see opportunities continue overseas for growing transformation
diverse and diversifying remain product adopting around and see will As charging model. we stock-based are and committed mix developing you are to sustainable technology a stable more our can businesses infrastructure, we solutions our
sectors. and XX.X% XXXX accounting chunk reduced first turn our total banking Gamma recording XX.X% a of innovation Let’s for product a in for by of sector, of biggest total year-over-year the revenue on X.X% Platform the accounted our Digital contributed revenue basis. XX.X% product years, by of revenue. growth to sector, the recent revenue, mix focus quarter and which in
to in to and out mainly value reduction our a volume initiatives management phase the caused were lower and which products risk services, circumstances. related unfavorable our origination transaction was of services by This macro business
which insurance year-over-year accounted on auto in revenue, decreased total by of because services. basis, demands ecosystem for mainly Digital decreased X% a sector, XX.X%
total addition, I In the virtual of our expansion continued just first have sector, for in X.X% revenue quarter. saw accounting banking as mentioned before,
strategy. growth to same the pressures period a for Let’s numbers. last slightly at now our of decreased mainly pursuance for The and XX, with quality to customers XX look premium-plus XX year, compared macro customer the number take due as
As as believe aforementioned, our using our expand and and base services. customer we to advance premium-plus we expect further products we more continue customers initiatives, our
quarter. a let’s at margin for the Now take the look gross
our first standardization. We profit to and are million gross RMBXXX product XX.X%, Gross benefiting XXXX. very growth points quarter margin X.X reached in quality to from percentage the improved see by to strategy supported glad
gross compared basis, margin prior in year. non-IFRS XX.X% Our was XX.X% with the
Mr. quality our growth, helped mentioned, delivery integration the of quarter the the in with margin. first As efficiency, to XXXX, efforts improve profit product on and in together gross Shen continued execution
will strategy endeavor continue profitability. of to stick We the the achieving and
our shareholders. to attributable loss and on Moving net expenses the to
we mid-term well break-even target. are to on You that can our track see
expenses our same all, to RMBXXX of First the and million RMBXXX period in down million development from last of came year. research
XX.X% it revenue, in with decreased percentage compared As the of prior year. to a XX.X%
In the first implementing product continued focus phase on integration. two that our strategy we quarter,
our and product our improved upgraded delivery As further were we integrated, products efficiency.
product measured market. in reasonable ahead, more a research investing competitiveness will to development in and our Looking pace enhance the and at keep we
marketing and XXXX. for quarter to million sales in the compared RMBXXX with decreased expenses Our QX first RMBXX million XX.X% of
marketing As decreased in marketing sales XX.X%. to sales from marketing enhanced of from improvement a and revenue, benefited expenses, mainly The and capability and percentage X.X% expenses sales efficiency.
RMBXXX decreased general million to in Our million administrative and expenses the RMBXXX XX.X% year. from prior
improvements our period points XX.X efficiency percentage initiatives. loss and a XX.X%. loss was XX.X%. to the negative substantially XX.X% to business environment, million cost again net administrative ongoing improved to with corresponding It year. percentage decline in of from from negative negative net The general under expenses revenue, same due significantly that a RMBXXX And to negative attributable the shareholders RMBXXX in to it and associated decreased mentioning ratio transformation is the worth XX.X% from challenging improved As operational last by to shareholders million lower
to see our page profitability overall next over net the a The this of improvement trend past three trajectory path quarter clear demonstrates of you in can loss to ratio the page, years the the XXXX. shareholders From first and years.
and efficiency We our margin. product to operating continue strive integration will efforts improve and
confident mid-term. by about We break-even are
the the forward year. rest of to Looking
focus of we market, to improving unpredictability see remains our in Although a on the third-party continue revenue. degree
gross on We enhance and improve will focus continue our efficiency control margin, to to path on operational cost profit profitability. to stay
financial we quarter page, the XXXX. metrics listed Next of key first the
Lastly, the in for reference. summarized margin we adjustments non-IFRS gross
to Rick. Back you. your, Thank
