Thank Zhang, everyone Mr. to you thank you, us joining today. and for
before quarter opening questions. will second to and the the call of over a I first overview go XXXX highlights of our operational for our followed results brief financial by
clear and as an a of and we of fulfilled quarter surged the high, during order matching past there volume Despite For benefiting daily in efficiency. temperatures dual-end delivered weather order XX.X%. high was Average year-over-year quarter, improving activity, slowdown June, historical from in no sign impressive challenges in as the orders growth from user enhanced well to extreme scale a volume.
quarter. years, in convenient. through of in pandemic, structural the needs changes addition, safer, of past over faster, combined expand shipping a more and continued the meeting to from on online momentum, users this with two platforms, which the the a their is larger new contributed Building market to In recovery we industry the series share number our
driven normalize, dual-end our this average optimization With points the to worth fulfillment that quarter-over-quarter our the both percentage the rate percentage of XX%. It is to XX scale improvement and sustained exceeded X growth in ongoing of continued mentioning in shipper XX% by members XXX was quarter. user and matching efficiency average composition. This in the points by roughly year-over-year industry quarter second grew fulfillment rate continuing
strengthening of freight along accuracy and our our technologies strategically matchings. also successfully by integrating We improved using efficiency products and algorithms with
platform's continued the users' at types, increase, to rising direct as non-negotiation-based enhanced shippers, with shipment reliance. and the demand reflecting of from proportion power transaction and pricing models, entrusted transactions, our such tap-and-go Looking
In of by which strategies. majority activity user stickiness the as first our XX% regard base MAUs shippers. the our well by of members remarkable The is XX%, shipper year-over-year. exceeding for average the were XX.X% increasing XXX mainly and existing driven continued direct users, shippers, MAUs strides time, up respectively, made which increasing user and shipper with of mainly acquisition our year-to-date non-member are as new have effective we in The users, million to from X and was broadening increase growth
the the average trading. rolling our for with once responding more truckers platform orders retention retention MAUs quarter, that orders members shipper XX as This shows the of active choosing rate our supply stable user stickiness. FTA over to responded [X.XX During (ph) increased, of truckers truckers again platforms' than who are of through months. XX-months past fulfilling high second million] confirming truckers trucker quarter-over-quarter, finding modes of and increased to cargo, offline Meanwhile, relying quarter-over-quarter, our on rather next-month remained our orders
further industry shippers, livelihoods to focus different we nationwide as market will for penetration across as truckers and of developments verticals. the by continue forward, well local regions on Going
our in successfully to and By our user generates fulfillment platform's value. We user our platform and on we the benefits, are economy thriving building and rate with the ecosystem connection and long-term strengthening composition real retention, capitalize will addition refining a also increasing explore that SMEs.
on creating Zhang low-priced Recently, market. improved to finding the have and the have launched a to order shipments committed our Mr. and truckers' shippers targeted Since automatically efficiency by in This been platform built and cargo transaction their our in maliciously we As we and faster. algorithmic enabled data analyze, down cracking commented, predict, shippers just significantly foundation product that maintaining value truckers. fair and to and utilize identify, a offers. dispatch for goods inception, normal has technology low-priced judge has big
to the addressing and addition behaviors, control the functions, governance of and measures other of In guiding we on carried a actively product malicious are low also prices rate. series freight out have and
shipper certain of case will is the price increase order. will price automatically For remind a in shipper's the period the reasonable prices, of days transaction platform an display for prices example, new the low, there placing the user It bid will around shippers' no offer send of also some also to the help shippers In XX a the the is reference. time. reminder page within increase transaction order to historical of of when similar before sources
truckers guidance. of This Although, currently, we control low combination approach oversupply an pain dynamic find price shippers strive industry's freight the truckers, between and is balance the through of to gradually range pricing is addressing point and there providing a rates. still of
review quickly our quarter's results, of Before model. going will the transaction financial over the commission progress I
in our With user and online transaction from is revenue delighted fulfilled the number to are orders of to million. our by and surged to grow, compared generating continuing increase as This transaction. driven of XX% per RMBXXX.X average transactions our We transaction the report volume service with quarter, year coverage. roughly were commission order of XX.X% solid model, through base model's we per an expanded the second fulfilled commission XX% under around closed In RMBXX.X. our a ago, us commission commission
commission optimize further of will major our streams, growth revenue. we transaction remain revenue As a driver
our financial would a of like provide quarter to I second results. overview Now, brief XXXX
from in primarily XX.X% revenues year-over-year. attributable an increase second was in the in of quarter revenues were to billion, matching freight services. total net RMBX.XXX increase Our representing increase an The revenue
from to transaction of growth million services, well freight an continued from second Revenues increase listing increase were freight from services, primarily and service as an quarter, online fees in from models, commissions freight brokerage due in the service revenues transaction fees from membership including matching in commissions. year-over-year, brokerage models, as XX.X% representing RMBX,XXX.X
primarily user million, freight Revenue volume of growth as were quarter in service continued coverage. attributable the XX.X% a from to result expanded up second year-over-year, freight in RMBXXX.X brokerage
X.X% freight in paying were total increase to listing due year-over-year, from in quarter second million, members. primarily up Revenues service RMBXXX.X an the
an primarily million amounted Revenues by volume driven up as second take rate. year-over-year, increase to from in commissions order as in quarter, in an XX.X% well the RMBXXX.X improvement transaction
attributable services. revenues in from increase second million, quarter other RMBXXX.X from XX% mainly credit were the value-added to up an value-added Revenues and solutions services year-over-year, in
revenues totaled of in the increase was the to VAT, quarter with refunds X% refunds our service. of of due was in costs RMBXXX.X an a RMBXXX.X second related transaction activities brokerage million from authorities. primarily last million, tax-related net surcharges in compared million, Cost of other primarily tax and net due year-over-year, period tax increase in The costs, continued year. RMBXXX.X tax freight increase increase same an to representing These involving government
marketing with million acquisitions. user for expenses increase the in last The million, RMBXXX.X the in quarter to second due marketing increase was were in same expenses year. an and primarily period and compared RMBXXX.X Sales advertising
decrease The was quarter administrative million due share-based RMBXXX.X and the were in expenses to with in lower the primarily compared expenses. year. General million, period same compensation second RMBXXX.X last
expenses and to in in expenses. RMBXXX.X second compared last the were RMBXXX.X million, higher year. The with increase benefits primarily quarter salary R&D million period same the due was
quarter Our operations RMBXXX.X in quarter income RMBXX.X in last compared RMBXXX was in RMBXX.X loss the second the same Net from compared the same of was year. year. with period million, second last the in period million income million, million a with
Under RMBXXX.X XXX.X% from was non-GAAP the measures, adjusted in last second an period our RMBXXX.X the quarter of same income million million, in year. operating increase
period Our the of RMBXXX.X the quarter RMBXXX.X increase same XXX.X% year. million, income adjusted last million net was in an second in from
of RMBX.XX quarter, period of XXXX. basic net ADS income Basic per with ADS and in net RMBX.XX income per were compared diluted the the in second diluted same and
income same Our period non-GAAP in in and were per diluted second net the year. with ADS adjusted last the RMBX.XX compared basic quarter, RMBX.XX
as June investments cash XXst billion in RMBXX.X last XXXX, cash investments and of quarter cash by provided year. and long-term the with December equivalents, was total, short-term billion cash, of RMBXXX.X second company compared RMBXX.X operating of activities had XX, As million. of net the In restricted
hereof. change which operational with XX.X%. we be revenue outlook approximately as rate expect and This to date representing quarter net be subject RMBX.XX reflects of billion of accuracy to a and to predicted For the forecast conditions, our market third and the our between views business year, growth XX.X% year-over-year are current reasonable this cannot RMBX.X on billion, preliminary total for and the our
approximately would repurchase a announcement From progress. our US$XX May repurchased we we total provide shares, program, I the million Lastly, have open shares million. a our repurchase like brief of XX.X update ADS XXnd of to value the amounting to to utilize to on Since August ADS the to from share we XX.X our XXnd, repurchased future, million. methods repurchase with approximately total market, reward around million of a US$XXX continue have shareholders. In approximately will prudent
please Operator, now would like prepared to ahead. go call We the That to remarks. concludes open our Q&A.
