Melo, historical and today. indices composite stock this Thanks, you, U.S. the major everyone X XX% the XXXX, joining thank in to XX% end up with Globally, of NASDAQ And us since year greetings Zander. the and reached highs XXXX.
and forward-looking in capabilities from adequately CIO we [ Our of teams, to services of enhancing local strengthening clients our XXXX. funds international began recommending businesses needs remain expand actively QD addressed. equity, to the linked number relationship We a by U.S. of view, the Therefore, our management quality global the offerings. clients believe online to which allocate overseas improve local clients increasing wealth to products, have branches, our especially ] manager house benefited continue
very trends details positive I'm results financials. into let's Now to reaching get quarter million. have with pleased our that RMB the third XXX regained our net report revenue of
increase market the million, last quarter While XXX increase the XX% quarter this revenue X.X% last for is to of does This comparing weaker of total reached growth reflect same mainly Overseas significant increase sequentially XX.X%, is of pressures. businesses. year-over-year accounting year, RMB in revenue. it comparing overseas still a to driven net an XX.X% by period third despite the
our up significantly investment of products commissions and by the business revenue in service flat AUM. insurance expand successful RMB XX.X% one-time overseas products RMB strong XX% dollar-denominated underscore we year-over-year, by by U.S. impressive Revenue aging XX% as overseas XX.X% the primarily exits Recurring insurance. year-over-year increased grow and contrast, from presence.
Performance-based U.S. type, this from online to XXX million, U.S. sequentially. Revenue mainly certain continues products. of reached In international from Specifically, stronger revenue growth sequentially. quarter-over-quarter, due reaching management performance RMB-denominated figures quarter.
By declined products AUA dollar income products quarter, on iARK investment significantly growth dollar recovery fees primarily and RMB revenue up million, These from year-over-year, an million, growth year-over-year, due of overseas PE were driven XX.X% to and wealth from was XX.X% platform. to notably overseas XXX the increased sequentially, relatively the XXX% this liquidity was XX
the values billion. Our in total XX.X third RMB quarter transaction was
As of year-over-year end USD of transaction this dollar-denominated to the values U.S. billion. XX.X% increased quarter, X.X
of As XX.X% are products U.S. last a value, XX% for of growing the transactions, now total total period during dollar-denominated to proportion transaction same and compared year. account
significantly securities, we dollar In credit the XX% trend sequential Federal liquidated quarter, X.X% the private private million. third investment alternative of by investment growth a have for from of USD transaction expectations products XXX increased continuous strengthen, observed clients As which products, equity, to and a products rate private opportunities. Reserve cuts value includes and U.S. year-over-year the to shifting
sequentially of significantly transaction AUM USD of and reflects XX% dollar wallets dollar-denominated U.S. sequentially dollar XX% see end to pleased U.S. As X.X% ability X.X% larger value, revenue.
At value management quarter, the grew X.X with products share to fee the capture clients' our and AUA X.X% of total our to investment U.S. year-over-year U.S. for growing This alternative billion, these contribute year-over-year products a total products. billion. the by proportion to ongoing investment by our USD respectively. third a to to dollar X.X XX% increased We're and and transaction increasingly
million middle XX.X% RMB we control yield the further results. to below reducing positive significantly now initiatives the XX.X% to of were expenses the XX% of million, for and last costs million. a when consistent and Despite government XXX staff XX.X% with of RMB administrative year-over-year X.X% statement, subsidies, decreased with continue reduction in recovery cost sequentially.
Compensation for declined RMB decrease notably, total improve subsidies, income expenses the received Total headcount.
Selling XX% year, to by quarter are only to the operating capital by of expenses our period year human remained to sequential a year-over-year overhead ongoing costs an compared XXX XX this notable and expected general year-over-year.
Government on same and decrease profit saw operating decrease proportion year-to-date. the efficiency as Moving benefits quarter back-office by
margin operating has come XX%. back Our to
decrease to income and the certain from on net reallocation that payout was X some payout know this quarter billion impacted domestic investments. income RMB decline also We year, by earlier the substantial dividend including this the cash factors, in in short-term interest the rates, interest of
U.S. on income dividends against Additionally, if to of were loss the ] sequential a said, the U.S. XXX expenses primarily this million. significantly during to notably attributable on being higher Obviously, any, taxes non-GAAP basis to withholding million. exchange of XX during the quarter payout. our net quarter, foreign increased That RMB mitigate future [ still the depreciation dollar, RMB the expected appreciation a dollar's RMB led the impact.
Tax to is
has RMB As third XXX end the quarter, income of million. net reached the year-to-date our of
a Zander of and quarter. mentioned, total growth clients more to number as clients overseas of card of black our clients client registered also XX.X% diamond stable than with overseas maintained year-over-year sequentially. of reached overseas black up X,XXX, Overseas terms In a year-over-year. the XX,XXX show were continues at Meanwhile, base and X% X,XXX. diamond clients, to this active card clients total The robust rose and end X,XXX XX.X% increase
our this maintain the where payout equivalents dividend liquidity With a our totaled X.X quarter some reserves X.X reclassification, RMB to earlier consideration X investments cash total the to robust RMB unchanged this exclude due and short-term the year. into classification dividend essentially by billion, Turning around X if we RMB long-term billion cash and RMB position, We quarter sheet, the from previous balance the our from investments. payout. taking to strict decreased cash billion billion impact
in stock XX.X%, ratio share see of a dropped the USD with XX we repurchase current are has announced Our the debt-to-asset and improved subsequent also price. ratio to to to interest-bearing rebound debt.
At and program, our no X.Xx, the August, pleased has million end
our the we to the appropriate in program as out once prospects, and world.
We reflect Mandarin-speaking our strategic been to effort. for very However, sales weathering is every window sheet despite growth. opens, journey these this doesn't horizons and more balance we carry customer-centric cash high-net-worth they're all open again, robust is It about and undervalued rebound, also our commitment We'll capture challenging, investors to that the in special our for long-term around will positions, the corporate questions. stock significant driver We expansion confident deepen plan and new Transformation your support. repurchase our we're unlocking truly storm, of times development has growth of fails key with request our bond trade model the for you this transformation growth.
Once the year about shareholders.
In remains DNA still reserves. just reaffirming actively believe deploy and are at embedded initiatives Noah our a conclusion, aspect, and value floor and recognize to not a XXXX international now your thank be delivering a the for