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8/22/2023
Operator
Conference Operator
in Hong Kong Stock Exchange. In addition, we have prepared a PowerPoint presentation for today's call, which contains financial and operational information for this quarter and fiscal year. If you are using Zoom meetings, you should be seeing it right now. You can also revisit it on our IR website later. Now, I would like to hand the conference over to Mr. Ye, and Mr. Zhang will translate for Mr. Ye. Please go ahead, sir.
Mr. Ye
Chief Executive Officer
Hello, everyone. Welcome to this financial news conference. This quarter, the overall performance of the company has improved. It has achieved historical breakthroughs in terms of revenue and profit. The first breakthrough of 3.4 billion yuan in revenue reached 32.5 billion yuan, which is 40% of the net profit. The net profit reached 39.8%, which increased by 6.5%. Hello, everyone, and welcome to our earnings conference call. Our overall performance once again reached new heights as we achieved big breakthroughs in both revenue and profitability.
Ethan
Chief Financial Officer
Total revenues exceeded the 3 billion milestone for the first time, increasing by 40% year-over-year to 3.25 billion. GDP margin reached 9.8%, an increase of 6.5 percentage points year-over-year. Adjusted net profit surpassed 570 million, increasing by 156%. Adjusted net margin also hit a new high reaching 17.6%, an increase of 8 percentage points year-over-year.
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