conference our and Qian, Mr. you, Thank to call. welcome
to Now the walk made RMB comparison be that we that I and all the year year-over-year note a stated. unless like will currencies Please fiscal basis. financials. use you of and XXXX within quarter on otherwise fourth through the would
XX It's delinquent to interest The increase in were increased loan installments. at first RMB stable attributable to million. income from million in RMB fees sales the prior XXX the to XX recruited the of in million partner For year. by staff and charge by remained sales income an quarter total RMB XXXX, interest the rather partner XX% primarily
RMB compared primarily funding to million partners. XXX company of Total by interest due year. decreased cost to trust lower is last as XXX and expense the X% to this fee in million And RMB
fees as X% year. RMB compared in increased to XXX the was primarily revenue primarily of RMB RMB involvement decrease for model million as of loan loan to daily banks under and partner increased the XXXX year. to XX to recommended XXXX Net of last to this fourth cost sales was RMB fourth XX XX bank partners increase of the outstanding attributable model beginning as under XXX by an the commercial the the during The to and interest million bank million, year. the Net sales model trust due the as compared since partnership Collaboration year. principles income average as of quarter the to by in of RMB commercial RMB last million last million XX commercial from the decrease compared quarter million in furnishing well lending
losses obligation quarter to to recommend credit And were partner of the for due position fill the half repurchase in RMB payment. the XXXX. during risk million to year-end, year, credit was year-end fourth lower then the to primarily some who the inability able the before attributable compared mitigation first to their delinquency XXXX, Besides million loans -- the they RMB as the sales forfeited to ratio. XX of their Provision XXX delinquency last in
In partner commercial to since which protection addition, jointly of we increased asset partnership more led bank involve the provide start to XXXX, loans. the an sales the also guarantee has beginning to under and
expense RMB XX% increased was RMB million in loans of XX to XX RMB from year. XX sales XX on million million XX% loss by by in last million Net RMB to RMB million X compared Total to decreased to year. XX income operating compared million. as Net RMB last
year million [ X% [ by partner to last were to the is XXX income due XXX increased of income in sales year. in the total interest fiscal by from primarily X,XXX increase RMB the the Interest RMB loans ]. in increased to fees charged ] million delinquent to installment. For million repurchased partner an This X,XXX as XXXX, we RMB XX% sales to by compared RMB million
XXX lower due million, Total and Net to bank X% of loan trust model company commercial partners. million increase RMB to RMB expense compared by from the RMB interest the commercial recommended of XX% the last to primarily partnership XX million million. RMB increased course XXX by primarily under as in by the due XX this year. the fees banks compared The funding was to revenue to decreased increase as year to
of of partners principal RMB Provision We're beginning bank lending the million as RMB XXX cost fulfill last the repurchase sales year XXXX, first to as recommend to to an obligation under mitigation partnership million XXX to of XXXX increased year, XXXX. attributable the XXX to year, in payments. inability models outstanding X% trust positions able model ratio by the RMB some compared daily compared fiscal in million half XXX was the their million lower due and their also partners credit sales involvement the risk average due in year. partner the for sales primarily forfeited RMB in this primarily to in delinquency to of loan of commercial despite the delinquency their who the losses to last increase credit Collaboration for since loans to during
compared in XXXX, the partnership which RMB for involve since protection In jointly the led year commercial increase beginning XX X guarantee million to last addition, this sales year. we has to of and also gains under million assets to the of Other an partner loans. started RMB more provide and was with bank
starting the balance mitigation has -- credit forfeited to in XXXX, of half of decreased. by partner been risk position Turning the second sales the
partners continue mitigation by As of our other credit pressure amount deposit be confiscated. forfeited credit are In will profit the company. some were the and XXXX, by the ease policy of sales deemed to associated recognize positions as risk to not the their positions fulfill risk sales the will trust liquidity the gains. of position quarter partner mitigation first we complicated with mitigation to able partners responsibility risk credit who their future installment guarantee the The refine company when and
as Total XXX year. the operating was to million to XXX in and RMB net expenses the last million XX% by XXX RMB XXX as to compared million, RMB RMB increased compared income million
of XX, as XX, to XXXX. end of decreased of cash compared RMB year billion XX.X% of And originated with RMB billion compared originated As was as by of as the from of of by December year X.X% December XX, the with increased at loans X.X company X.X% December and ratio delinquency XX.X% as for equivalents held for December XXXX. the this XXXX, the as XXXX X The XX, cash end NPL of company ratio the XXXX. loans company the the
session. With that, Q&A would to we like start the
