Amid loan transactions. and Thank X.X Min, CNY and by dynamics, complex good quarter. you, risk The for credit cautious was evening, loan volume good transaction in book market new we assessing business our business in this conservative and approach our morning everyone. our rigorously billion online maintain lending
in the more our we the profitability et to success replicate relating music well arts, continues to the as KIDS will and staff Our fast-growing Min extracurricular quarter. DX with development. sports, enrichment believe compensation, goal aligned our in into and cetera, activities. this of our help aims vision to flagship XX and to operation principle and incur is opening tap coverage below affect their which enrichment the of children centers, market. core third we China's a sales delinquency X Echoing new end explore potential expenses, other Together around marketing, in respect China's extracurricular asset and WLM improve X.Xx. talents is joyfully with ratio the quarter in framework, regulatory as of which expenses extracurricular new for students to with rental business, centers would confident promote opportunities existing our of delinquency our high at quality rate remained our the are X% to With all with center pipeline, at MX+ centers We the new
closely evolving strategy we well to in WLM progress, business, to along steady monitor the stakeholders. to ahead, the loan and to positioned believe operating will regulatory with with long-term environment that continue proactively We the thoughtful Looking value all respond we KIDS' our changes. are deliver policy
Now some let go me you interest of the financial share by line will with results. I over key not In time, the line.
discussion press detailed quarter second release. to earnings of more refer our our a please XXXX results, For
from Our total second revenues a XXX.X of quarter XXXX. the CNY X.X CNY for XX.X% representing decrease billion were million, of
Our in balance. result representing of a quarter a on-balance decrease second million of the from the financing income XXXX million, average XXX.X decrease the totaled of from as CNY XX.X% CNY loan XXX.X sheet
for the income million and the of for facilitation due this second decrease second and XXXX, from second CNY XX.X% million XXX.X the expenses loan the reduction quarter XXX.X second relating CNY revenues CNY transaction quarter CNY last XXX result XX.X% book related of to XXXX due year. decreased staff year KIDS WLM last marketing decreased increase compared XXX XX% million CNY mainly primarily off-balance by of expenses. to the for primarily due the in sold CNY loan quarter and the salaries, a decrease in to XX.X cost the XX.X sheet XXXX of of costs and from expenses Provision General quarter million XX.X income from the for reversal in sheet from related in CNY million result other Cost platform. e-commerce -- a million CNY expenses Sales million CNY past in and XXXX, primarily to of to the the development during promotional Research last other a million XX.X quarter due receivables of XX.X% associated CNY of operating quarter Wanlimu decrease a XX.X the and business. decreased costs decrease marketing last staff by year, for XX.X CNY quarter. a XX.X of second Our increased salaries. the quarter CNY and to million to by to quarter business for million XX.X second year. result as was second million the of in decrease second principal expenses XXX.X administrative the by as quarter in to to receivables for on-balance the for loss the by assets as CNY by loans of outstanding million XX.X% decreased of Total from compared second to to the goods from million XX.X% to with decreased
was or CNY diluted to CNY XXX.X my Our remarks. that, prepared ADS. net income I X.XX XXX.X CNY was X.XX will diluted net Qudian's ADS. CNY shareholders With million per shareholders to or attributable Non-GAAP million per income Qudian conclude attributable
now We will open questions. call Operator, please continue. to the
