the am call Dong. for Thank everyone. to on remarks of behalf deliver brief joining you Hello, Mr. today. following conference I our pleased
our on sequential top impact and to quarter bottom third line year-over-year, user to we XXXX, managed continued quarter a further and headwinds quarter-over-quarter improved the during our of active us grow base micro Although, and basis.
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income [Technical for promotional primarily and for primarily expenses due XX Other lower to tax share-based million XXX and subsidies. X.X% QX, was gross year-over-year RMB XX Excluding [Technical for same General and RMB by government to was expenses. due to personnel-related expenses marketing for as Difficulty] non-GAAP decreased well decreased million compensation year-over-year by [Technical for QX. to XXX million, decreased RMB administrative expense XX.X% of with marketing million RMB RMB million the personnel-related and XX [Technical XXXX, period share-based Difficulty] QX, compared million Difficulty] expenses was and XX Sales QX Difficulty] primarily and due decreased margin for to expenses. fees QX. refunds as
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company investments RMB long-term XXXX, With XX short-term the like your and XX, had with to open now of as cash XX.X billion call of cash deposits, As June XX, equivalents, approximately short-term the to billion September would XXXX. deposits compared RMB of that, I and questions.
