spk_0: the morning and welcome to the sea and finance third quarter financial results conference call all participants being with a normally mode did you need assistance please sit on conference specialist my personal starkey followed by zero after the date reservation there will be opportunity to ask questions to ask a question you may post than one telephone keypad to withdraw your question please post saw them to please it i air course our knowledge to the comfort or map you lose please go ahead
spk_1: the morning and evening and welcome to the the i out that blogger funded by the weapon never got company car and to they'd call are the amish the guy local to the operating in a dog followed by a deeper level readout from our life rather than enough capital market department literally after that will have it your that before we start i would like to remind you that it's conquered call contained poll make them and with your that can can do i need i'll be the purity of exchange act of magneto the or at the men do and as that violate you have landed the purity of litigation reform act of maggie ninety five and then our look at them and can be identified by all that that will expect a good person shooter and had led the league
spk_0: that's the main target going forward
spk_1: i'll look at regular entertainment that they might occur based upon management current expectation and current market and operating conditions and relational you when that involved known or unknown later and target you another method i'll have a chart difficult to predict and many of which are beyond the cognitive control which may to be companies actual without performance or achievements the people mature only been built into power that claimant are there any information regarding the and other it i heard that you are factors i think loaded in the company valley repeat us securities and exchange commission the company that not undertake any obligation to update and ebola look a payment i can read the out of your information those are you an offer like except that required under law now please welcome our feel bitter die
spk_2: she did okay
spk_1: go to a about our talk about whether they're shooting should be of awfully when the the operator want to have ideas are also are you are year fungible that mean inching up she whole whatever are you got i got a mention peggy operator and thank everyone for going out in the coffin call after death call level interview of the company's financial and operational result of the third call it off hundred twenty one followed by a few unexpected when you do all suburbs and homework for their probably more cheese your quota ball so quite with under you thank you go onto the top of that i he let me be with show for the i believe she knew it reaches job i live and be
spk_3: give up and you do more in hamburg which other type i knew or the bug that you buy you a pizza social up own for that you can go also there but been killed and go she the the on that you can go so we good shouted it
spk_1: in the water a lot gail under the collaboration model continue to grow added i'd be the a lot of relocated and quarter what i'd be hurt by one building with the revenue and nagging company that i'm people hundred fifty million and ninety million your back italy i thought of number thirty or twenty five you on the out than the local on your level a model and main our armed be ten billion know which were like he did our ago were able to finish with that it out due to the following reason
spk_4: so here
spk_3: found a team that has such as chose each a that and you don't so the to watching judah when don't shout trunk or good either yeah he patch helps who already
spk_1: guantanamo trumbo should not trying you should i go go go full on the evil central schumacher you to cover the anti though haha again show me neither projects are each year to the gym official been in the on probably or to are you going to have had know that bungie don't really watch embalming salvage ship which she wanted about food first a market demand for home equity alone remained strong ended the recorder china's economy girl maintained table figure out what's driven by the fact that mf it which scattered across the nation what able to deliver football operation
spk_0: we have build a national network consisting of sixty branch it imported video and over two thousand and built on their a china
spk_1: with that work were able to establish a were wide market coverage as or i met the owners and up you need a timely manner we were able to fulfill our it's ability at the a lot now poirier to build a network of a look at financial get them to china at there with the another five thousand and at the owner in the third quarter she thought solely found a team that should have the top of shit
spk_3: while and i told him i use simple as well as you can the them be our how the hello when she neutral a simple google search and about a ninja cushion powerful than show me about all the on for that fudging on the formula one that that on to catch you email me go dollar hello thought you know you bought a cold or them
spk_0: so simple want to let go for that and you go yet so finally in the honda or toyota corolla you lie on the front of me more being gored you the all about half of what are you on a cordless out
spk_5: back in at the leader in the industry we have established strong relationship with our clock cockney partner
spk_1: our long product and operation capabilities are highly recognized by our thought partners as they without they tried to supply to supply of with the fish an audi even with stricter regulator a deadline other than that the author managed to deepen our cooperation with commercial bank in it's worth pointing out that not only did we increase our collaboration scale with the blue ocean bank but also finalized are term to start a new collaboration of it i will buy back and watch out back i hope say the whole your more for you they are be for thousand cool all for their social hope a little familiar thought work
spk_3: in a little the to don't try you are earning or year you'll i called for your leave the body father you to hope to your homeland pulled out with pompey your mean that that actually ago so long as a phone call for the george how to achieve by the from the you'll the lack of the gym for the get on the pundits you patient oh so quiet should be simple or for the pantry he hung on go to the legion so it's you to come congress you could you could you could get our shop with for the mean for she said don't feel you have they will come hundred to tackle joint over the function or jumpy gg teacher that and utopian more most can observe how she pentagon the jens pulver genie bush idea
spk_1: that on that are not least that the collaboration model or and it's recognition the the market we are now in the to our feet to select your partners
spk_0: we have targeted to introduce because that often the are your partner since the beginning of the year
spk_1: junior don't pander i usually experience local long facilitator with excellent operation history the and that provides them with training programs on a regular basis to help them understand our products and with and show mechanism by doing that were a were also able to acquire customers more efficiently and improve the overall quality of the customers everything time when minimized our lives exposure at senior adult panthers are more capable to fulfill their post law obligation the improvement outpost little management was reflected by a decree thing our provisions for quite a lot it under the collaboration model
spk_3: that taking don't wanna hear from you know rejection cop i'm calling a coma for the cry for project publisher chalk up we are powerful you hatch idiot
spk_1: who the a hardware without a fight with also noticed some challenges them interfere with our or girl including
spk_6: the pudding to the yeah
spk_3: well i'm a young guy car that you put on for the on a huddle and poco forgiveness a woman the should vote for the in a huge i can go either of out
spk_2: yeah yeah i am going into that yeah yeah she bought one for the don't for the had between ball
spk_0: human conflict for the show that on a man to answer the in combat just the a tiger shark the
spk_3: you should also a commercial for somebody shot and hotel the how the be meal powerful chief and i've had hundred and thirty her financial penalty the with you for what you shop at that years ago one panda did not include the job with fisher thing go are the early and shopping our social he had the you know what when the panda
spk_1: birth putting pressure
spk_0: have been reaching out to cooperate with my real time low quality of supplier yet we are still highly dependent on transform the at that moment
spk_1: since the beginning of twenty twenty one the regulation on track companies loan product was tied him although are on demand what that could fide departing caught what the impact increased we wanted to be responsible to little dieting and our customers we decided not to further with the interest rate of our long product as i reported in the luck conference call it government would now luton deregulation or the red top twenty twenty one
spk_0: and our experience though the that are earlier judgment was cracked
spk_1: they are more than a dog or coker more should find another pokemon and done with had a function
spk_3: during your you tell you giggle hot button issue for the and cool children and the whole told them she said that she brought jago
spk_1: a phone can prove that you know how you get in for the i will barber shop cool for to central they're funnier more shoot yeah
spk_3: thump who can be humble of will march simple can't show me the who martian you get it to do you come for couples to kinda yeah yang going to look for there to help the i'm fucking that go
spk_7: back in
spk_1: under the collaboration model filled pondered air the risks however due to the business structure agreed upon with each trapped companies we are the holder of the ordinary to the unit in the truck club as a result we have to carry the at that on our financial statement with seem like a company with heavy at that has revenues generated from interest bread
spk_5: the balance sheet cannot represent our as a light them model
spk_1: the have coffee concern not potential founding partner
spk_0: and it's hard you know valuation in the capital market
spk_3: he's a to the here she call you do don't you bg your called without too young for had a on it had see
spk_1: quiet and panda don't want a funny how are you could try the lights which important
spk_2: er that angelina jolie jiggle shock cousteau than as india hope the order hundred and the heating up from shit
spk_3: fondue kind of boredom show how you can show home for the cancer the how poorly on top of the truth you for the orphanage you can figure out a huge in the had
spk_8: third
spk_1: with the liquidity after the internet's real estate developer thing classes and considering the outcome ago at a tax our management made an estimation that the chinese property market it's likely to fluctuate in the future at the holder of the subordinated units are as that quality is likely to be negatively affected was such fluctuation it to put into in iraq the efficient the up and be our disposal
spk_3: we without young the your own get taken from your leisure yeah we couldn't how the who shall we peanut oil group or do oh who can't fully lansing shop
spk_1: king who have more for the since woman see how that goes on the opening shots of obvious eric response to dodge challenger they will continue to promote the as a lad transformation to better serve and at the owner and improve shareholder to return the key by the complete or i follow
spk_3: the volleyball you share your simple ago of under hello weiss mandy moore jan symposium for the logo be yeah john the poppy teacher will your cars will teach us you know how that on but you do woman in asia you're either so do you all weekend hook gonna put something on local this huge the or don't realize what my hierarchies reprisal both ocean to the sinking ago marshall use it also one what we choose your quota being on the hood not be more things you said mean yeah the you have more fuck outta your and you at all candle be job other hello
spk_1: birth will continue to extend our cooperation with existing for partner it is even more critical than ever now to look for in the widget wave of collaboration given the regulations shows no time to look up in the near future
spk_5: we have taken that be a pro active that in the quarter for example our partnership with national twat what we've been difficult felt regulation but not constrained by the cape up standard truck truck product
spk_1: little makes florida to similar types of cooperation and the future another golf our it's expand our collaboration with commercial back
spk_3: our plan is to make the alarm and their the back lending model cut a relatively large share in the our odds than the alone by next year bear you call cuckoo for function to have their function too far
spk_7: he seemed to have a local bar to meet you go home
spk_1: prejean your function how function means and your function to tom wash nobody time was a lot of you hope for gambian chivalry type who'd you wanna fuck you keep jobs and cooking up it's usual that are you hoping more out over the movie good thing that i mean impact
spk_0: in
spk_9: we'll start dialogue with investors who understand our business and have the intention to participate and there are trapped company partner
spk_3: our goal is to finalize a deal with the term that allows actually investors to take the in their current low as the holder of the subordinated subordinated units or each what plan
spk_1: upon that finalization not dutch negotiation our low at the lowest service provider and the mezzanine level you master will be clear allowing us to focus on building and at their life long platform with the prospect and capability to expand with quick turn hour
spk_3: pizza really cool about banking can't seem to can't go and wash since you got some you're gonna push well mature market by the any shitty on couldn't handle most you have a future warnings and then they bought a us the most exotic foods have huge army almost with either shot you get how to the keys and how gumption do you all for cheap were told that kinda teagle trudging kiffin comments about the gone for than how to there
spk_1: young you all for the hope me from function
spk_5: he that so the go for key can home in the reopening as shit on me and on that you don't you are check up don't
spk_0: what made you so far comic full time for the want to teach in a job
spk_1: be a horse you up all your own food joke with their sentencing to go hope you are cool job good job people from flu shot through the beauty tampa
spk_5: third
spk_1: to promote the company judge judy coca permission to are at a lie platform they plan to this poll doctor collect the long under the traditional model in the fourth quarter they believe it the advantages are recalled
spk_3: first that no improve our financial performance and help the company to broaden body of sorted and in probate valuation into capital market
spk_10: second the company of compliance with will be reduced and third one the legacy long or dispose but it'll be a position when price of the property market lecture wait
spk_1: we have obtained quotation from several potential buyer will conduct evaluation and in the work without that long as by your market quite the hundred kobe you thought he can overcome come to quit on or good shit up
spk_0: for you sound like chinois gubernatorial commercial you're young and issue
spk_3: your party fully pancake you got home she bought a treadmill okay that should be banned him more for the thing
spk_1: and the proto our transformation where they'll keep frequent and constructive dialogue with regulator at all levels am pro actively consult are auditor regarding the accounting treatment to ensure with they comply yeah all at that the full time you're we are operate
spk_5: so you all park jogger me we'll to shin could you do
spk_1: well my yeah you should he need for you want to me a barber shows on the border gone crucial don't we that he just got anymore jaw fog and regional know how the only issue on and go that with you the july twenty one him more for that time you're thinking keeping hundred and genome could you wouldn't do that
spk_0: yeah family thornier into funky that he or she did you shoot legal usually here for the provincial the sally's he had with student teaching preparing to feed go without children at an ancient chinese they have worn out are good at first but we should ensure that the call a cheap version
spk_5: they believe they also applies to are better than business operation
spk_1: we have experience up and down the now we're locked our dedication we have made of every effort to follow the garments call up developing an inclusive financial system we hope could finish our transformation in the near future
spk_11: and carryforward are mention that make by now more human our pursuit to surveys and that the owners will remain unchanged by leveraging our advantage gain from geared up dedicated work will continue to provide i'm at the owner with affordable accessible and the patient financial services and that were down by again tell your children humble eating food the you'll probably get up on food or you are you near defend you go that i will go up with that are like to have to call over to miss to the from the capital market department who will walk you through the third quarter fanatical thanks mister guy and fact that game to everyone join that today either what you for our third quarter financial we believe our year comparison the back way to reveal our profile and unless otherwise a date or pretend they could change i'm going to get a beyond that they that are so i left otherwise it's they or but i'm going to get will being armed be the total outstanding long principal was eleven point one billion sl that them bird the team twenty twenty fit compared to nine point they won't be illegal fl it bamberg that you first turn a twenty why the total long origin nation worn and remain thabo at three point one billion in the third quarter of twenty twenty threads compare with the same theory of twenty twenty interesting them financial the which beach are low to quit by street point that one percent to four hundred fifty white male am sort of first quarter our country to a first for offline join there were t three million primary due to the companies that of a the increase in the ballot the of eric bailly outstanding la prensa both and be the lower interest rate alone long facilitate in the effort to comply with the routine regulation interest than we think about of anchorage by eighteen point eight to two hundred nineteen million for the for a quarter are turning twenty first compact your one hundred eighty four million partly due to the increase our in print the both are are the boring as well as the funding court for a hot just commonly collaboration court what their partner decreed two one two and two million for the for a quarter of july twenty fifth from one jan thirteen million or with due to the fact that compliment cut down the rate of in family paid to their partner in response to the over or lower interest rate alone wish him for quite a lot that increased by forty eight four point eight percent to thirty three million for the there a quarter twenty or for a strong that he won the on the anchorage what mainly attribute to the come by if that of a the increase in outstanding low great the boat of non delinquent been lit loan and loads delinquent within like eight which are without in the increase in collectively as that while allowing and the be the commonly read white the recovery in the third quarter after changing down the law that ah eighty one under eighteen tape up deal to the net realize that were loop total operating bound to quit to twenty twenty one percent to and like team three million for the breakwater twenty twenty fifth compare with one hundred eighteen lelio in the last year income tax expanded decreased by they went to great for that to their one million for the for a quarter twenty twenty fifth from tell if five million karma due to that the quit india amount of capital income net income decreased by big picture for them to a night my team million for the first quarter of twenty twenty friends from fifteen in it as of september thirteenth and and twenty fourth and december did april twenty twenty the company have cash cash equivalent arithmetic cash up to two billion and to be them including one point four billion and one billion fraud structured farm which back really
spk_0: which could only be used to one you know an activity the actual delinquency rates are loath origin a by the comically decrease to talking point four percentage of dog that them were detained twenty twenty for a frog twenty two point six percent at the get bamberger the first twenty twenty the actual yeah right word long originate by the commonly the quick to the one point why presenting ethel get them i had of september thirteen twenty twenty it from the eleven point there when as of december good read twenty twenty we that we then like to open up the core for que l a
spk_1: operator plea we will now begin the queue a a session got a precursor you rip off guard and one on the telephone
spk_12: if you're using the speakerphone prefer cooker hooker before person eve
spk_1: cool girl question proof cause garden who are good time we will cause one too early to fumble roster
spk_3: our first question comes from william go skiing with green ridge global you may go ahead you are a couple courtroom when you're talking about disposing of go like be loans are you talking about the loan prior to the current structure with the field partners or are you talking about getting rid of everything that you ever subordinated interest in to really clean up about food
spk_1: oh would you go when you deal with user name off with on your which will lead a you lose i'll add another go and one user either them or to go go to the dog larger circle to go
spk_3: that will lower a motor to china another that will hire for your mojo soil for your the soil the measure little to that shit here in the children
spk_1: thank you for the question for the elements and as holier than the heart for sure hope i am more should switch and the
spk_13: them more for the fisher on the on the sofa
spk_3: so limited be like the alone were referring to a long that was the with a loaded heard before the moto transformation which is under the traditional model qui our to be your partner's model baby a group had the for me out i'll but other than karma or put them on a to the gym or you with our from your
spk_14: we chose what that a fiction
spk_3: so be carrying a well you have been that long
spk_1: oh were talking about the carrillo than the alone that are delinquent are number for me
spk_3: if long around five hundred and ninety million rmb you are now and that moment come work don't eat protein the truth of islam kung fu then go either since you may seem to the ah
spk_0: chow in the
spk_1: put and function geneva meaningful so by his clothing of that long we're hoping to accelerate our troops were measuring to and out alive platform which focuses on operation and bare minimum risk
spk_3: cause it on war torn you know papa
spk_14: a huge you for that susan a homeowner more food you hope she flew have your hadn't door
spk_15: she found all the wonderful and through food have been caught dingy right hander on gender come from chicago more how to a conclusion that the good i mean she meet years and she actually she home
spk_16: due to her top of each up on his show on that he you know them go back hydrogen to help him go
spk_3: so i'm in many years of our development especially when they are twelve bomb to be built partner model which is the a collaborator model there have been then they are you are many third party investor who those who understand our applauded and the the interested in participating in biology lab in by you must into of so are we have be in touch with them and we have reached the couple computers we hope to address the deal in the comic weather widget the or quarter of two hundred and one
spk_17: coat over town to work each other more for that shinji the for then what finale the ah
spk_18: chin to have some hope
spk_5: how mean
spk_1: the and job i'm sure there right at that one natalia up cheaper
spk_19: woman she was so that queen mother let me
spk_20: though
spk_1: to sum up
spk_3: just by doing i neither upgrading our motto we are hoping to create to be oh day glad one that is at the lack red shirt pocket the down during an operation anyway are also hoping to improve our financial performance on on be a financial statement
spk_1: here thank you
spk_3: okay thank you for that and then networking is with regards to the availability of capital has there been any change in what's available from trust companies you guys you don't think go as conference call and then how much have you gotten from commercial bank so far to one though a girl and users or was always at home near shampoo they got the ball way ally guy we shouldn't wanna novel by the lead to the didn't win your mail too much to be at your minimum be our little i went our way that that i mean go a shiny on ambient you know the vision land available
spk_1: yeah
spk_21: the for them he sold on a job
spk_1: don't for the agenda the seem to other
spk_3: it will do the yeah down the yeah each other
spk_1: the yeah he hadn't on that to answer your work question the regular to a pleasure is still there they don't the any by the look and up yet although to the she may the other the been married a woman ago or that to the shinto also lead to the huddle a hammer happily schengen power
spk_3: ah that yoshinori ago late man to couldn't forgot to teach issue it is worth noting thing though our trust company partner
spk_1: try
spk_22: no matter how high was to supply of vaporware it the patient bow sufficient out there in a quarter
spk_23: eric you don't want to shovel was and thank you i'm good thank you go that the jingle mean that have a democrat or month ago the covers you know that have a judge up on heber manzullo woman that the digital
spk_3: i was rather concerned by the end up the second quarter about our bodies of lived in the coming in a third and fourth quarter i our just as i mentioned our trust company partner bout of the air at that and they try to
spk_24: your supply admit that the patient bomb the only a quarter
spk_2: ira
spk_3: the atlanta you here for how the info settlement between it hadn't that it had to launching lines are you have to double cheese in it had that she go we experience the right now the financing costs in the quarter though
spk_12: the oculus touch
spk_25: conditions
spk_5: don't have an idea general and day
spk_1: jim for the was you that i'm and over the agreement a yacoub ah she the fincher that much and at how that miami handle
spk_26: some of those aren't year old
spk_1: that's a funky you know that you on a half sheet over time fire or time for we usually max all the
spk_3: he it could mean a woman that should i should have ah on foot for your the ah cope with you it she packed
spk_0: bella are now
spk_1: we don't expect the regulatory pressure to lose a special the on the no standard class product i think there there's a cape is still going to be very limited i a from our what we'd be in the third quarter we are still be approached by our t portrait
spk_5: company partner
spk_27: the will for satisfy our body me so i think that all the way approve of our leading the shame the industry as well as our
spk_0: strong brand recognition of the market then i offer you can you how she she got some vandy the the tampa lights are you i'm be combat south the yawning kind of woman who can watch any taught you the has been in has she did go
spk_28: pr or gender swap out about night so i you want to combat come from had to be here for children about a woman yet she can you get every meal when china shop for town say you want somebody found that the i want you that particular hi hello hey each album that either
spk_3: ever watch him how he even for people for the leader we could have just been called he transferred he arrived of up and car to the market which will make things more which will make seeing it much easier i were way bell like that now be really responsible thing to do so
spk_1: we did read the interest rate of our loan product a little bit but not by much
spk_0: with think we feel like by doing that
spk_3: our revenue and net income in the near term will probably
spk_0: be a little bit lower than we your estimate the in the long run the to our best
spk_29: what a cannot
spk_0: cushy the i ching part of the money
spk_3: the were more photo that he shouldn't have a for the huddle have have a digital media ha
spk_0: antoinette have a good idea how do you know we usually of sook on for the to the official
spk_1: and what route of more confident in that are trust company partners
spk_20: i'm calmer to satisfy our me and put it in the power he had to in next year when there is enough on like to you know how yet when the junior see the
spk_1: i am tell you know it either or yeah we're changing than menier one of the yeah i'm a for the way more we something that are getting gonna be
spk_3: as for your second question about be up on the as from commercial banks so this year earlier the was negotiating the term and analyzing them so just as i introduce a mile speech i hope that the
spk_1: finally be alone
spk_3: credible under the bank lending a model will caught a relatively large share by next year
spk_1: the lap a total you get woman fuller her chicago to you know how to that woman had a key the had that he bullshit good for the ah ha ha
spk_30: yes a man a jewish an actual i've seen poor you know how i'm happy you're imposing on the huddle
spk_3: so i would also measure monday that except for commercial banks and the current trust companies we have we have already they also made several constructed negotiations made
spk_1: edwards company though maybe in the near future and not only can we cooperate with the trash company them band the insurance companies will also be our book shit and get
spk_3: okay great great are and where question and i appreciate all the detail you providing in the answers you cut found the problem prices were the uncertainty with the developers you think those you know what's ratings in property prices are going to be nationwide or in a more geared toward and of the smaller city
spk_17: oh man mean i should all where you found out about ohio and as it on it are shown on the know where the them or not she lays on ensure that at all bummed out it's our job way for trump will follow the harsher told you know dinosaurs died and and concert the bar
spk_1: he will my the challenging of
spk_3: well first of all we have a drop eight and competent in the chinese government one a from a little for the your hand or comes you clean up functional for jack shit on she has she's in the from jet
spk_31: so i will feel like there are the oakland to go to india took it out the chinese government to play went with the medical and region no risks
spk_1: blanchard i caught
spk_32: panga you couldn't wait for yeah shabby
spk_0: though
spk_1: for be short term there is a potential decline in be of be a property clive that account you that caught some has a yodel and neat
spk_33: a ball for fun gamut shimla
spk_34: but if we look at the long run
spk_0: we believe the chinese government is capable to keep the property play in they are stable range
spk_16: while making to hang fran are you from here said alfonso time she the on gonna put on me of amir one of us you out on the fire was should we all kinda sheer boredom
spk_0: shampoo i mean what me i am eager to who can you eat in that can be jack marshall
spk_1: though
spk_0: let me address it again the whole purpose of for this poll is coast of the legacy long
spk_5: so the for the first realized that
spk_35: you have to a wide the short term fluctuation up the property pride and the the more important thing is we don't want our business could be a fluctuating
spk_3: if there is no actuation the and meet you know property market and stuff
spk_1: and again we just want to finish our transformation and focused on silly thing and operations
spk_0: ticket
Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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