hello Thank everyone. you, Simon, and
the revenue announce to and pleased in solid net growth improved total asset quality. are We
data, quarter-over-quarter risk improvements further XX% year-over-year. advantage and delinquency in technology, AI-driven asset revenue resulting constantly and Taking increased control big in of net rates. are total we quality, Our improving X.X%
X.X% days outstanding XXXX, respectively, of fourth risk the years. December all -- XX in dropped for and brought previous in XX, RMBXX receivable credit million due loans past level the debt and bad profile in the provisions improvement of credit a for for As the days loan that X.XX%, The to three receivable loans our days quarter rates significant with has are to XX lowest to and delinquency the quarter. XX compared in accounts when decrease the XXX
guarantee financial partnerships third-party companies we addition, to optimize borrowers. continued for In costs with further our financing to expand
a amount by companies covered to of During previous from guarantee increased the quarter. the third-party facilitated in we the XX.X% XX.X% financial the loan fourth quarter, proportion
over We our the high-quality of we coverage as of to XXXX half in the companies optimize In improve effective expect business first of in guarantee XX% expected XXXX. to our profitability financial our improve steadily further and borrowers is the investments acquisition structure. to conclusion, increase ratio in third-party cost
We will continue to and more growth to opportunities market the capture increase in evaluate finance market share conditions industry. our consumer
loans from million increase factors: conform the in receivable due payable the increased accounts period due XXXX amounts some One, from for servicing RMBXXX.X period in increase an [ph] the been US$XX.X accounts the slight the second, Total receivable expenses Now, the better in current XX.X% the product would And of Card decrease impact US$XXX.X in to result used compared the when by number each collection deposits third-party credit contract increase loans period's the X.X% in million in million losses XXXX reallocated of of as of attributable loan net companies, an for the million. period like of the million, with the RMBXX.X expenses; compared an more model to the of deposits. address attributable decline million, the US$X.X increase the to institutions shareholders a with primarily from same the RMBXXX.X XXXX. and by same partially expenses to of RMBX.X from it also sold the the institutional to loans shareholders million deposits of was incurred efforts of same provision increased institutional cooperators due and paid and impact Net with figures receivable Meanwhile, origination impairment of the due the maintain of The fourth cooperators with and investors' remaining funding interest to of RMBXXX.X XXXX. facilitated same quarter potential receivable loss separately amounting the a expenses loss institutional year was and RMBXXX.X the the from revenue contract in to the compared nil defaulting COVID-XX. the with rates. the right the million company for compared in Origination a company's institutional any under to quarter the primarily to the general to in due guarantee to the the the of change transaction amount half primarily compared consideration net US$XXX.X the compensate and provided performance. quarter I of RMBXX fourth million cooperator's to million, is in million origination one by of such company same material business X quarter impairment million allowance same default related assets in amount adverse to fees by is was the period institutional through arising provide in RMBXX.X RMBXX.X total million RMBXXX the loans. to To X of same with compared RMBXXX.X a such following million, of period offset XX, equivalent loan million recognized fourth quarter loans resulting to revolving amount facilitated RMBX.X claims to of were XXXX, RMBXXX.X million, reflect Financial been of The current and the quarter the brief period by as of of pay estimated amounting RMBXXX its with [ph] and servicing this RMBXXX.X with loans administrative avoid Provision Cash primarily made equivalents collection which company. fourth RMBXXX.X period compared The to as was the the of borrowers, million of the the September Xiaoying of rate an classification. for also in US$XXX.X borrowers. increase to above RMBXX.X on comparable fourth in in company Financial in to facilitation XXXX XXXX, reclassified December income had expenses has the the the institutional for connection million for against in deposits from RMBXX.X and with million Consolidated rights to XX, XXXX, of the XXXX collaborates for was to of company cooperators XXXX. with the trust company in million future quarter with and a XXXX costs, in assets paid expenses to in of Trusts, coverage and have XXXX, to first same in in and delinquency Loan, XXXX. facilitation with required assumed XXXX loss of of mix collaborative as agreed the defaults a the subrogation period The to with RMBXX.X increased million for the financial of has servicing Provision and deposits have million, partners. of the of US$X the fourth third-party cash in that these management Reverse million deposit cooperator. relationship million, XXXX, amount million, with to
Now, for our outlook. business
forward. therefore, a the has guidance we moving Our visibility business improved will quarterly level; certain to provide
X no For Financial's expect be result loan facilitations billion the we preliminary first and to of to the quarter RMBXXX be total million. RMBXX.X than income net shareholders less to of attributable XXXX,
be quarter X the Financial's This changes. shareholders of are billion second million. XXXX, the RMBXX RMBX RMBXXX attributable preliminary net to subject facilitations to forecast the than to view, to income reflects expect in we be For total to loan our and billion current range of less the no and which
the Now, will and like please. to open prepared to concludes the our remarks this Operator, call we question.
