Atour Lifestyle Holdings Limited

Ladies and gentlemen, thank you for standing by and welcome to the Ator Lifestyle Holdings first quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. Today's conference is being recorded. I would now like to turn the call over to Mr. Luke Hu, Senior IR Manager. Please go ahead, sir.

Thank you, operator. Good morning and good evening, everyone. Welcome to our first quarter 2025 earnings conference call. Today, you will hear from our founder, chairman, and CEO, Mr. Wang Haijun, and our EVP co-CFO, Mr. Wu Jianfeng. Before we continue, please be aware that this discussion will include forward-looking statements under federal securities laws. These statements are subject to various risks and uncertainties, and the actual results may differ significantly from what is stated or implied in our comments today. The company is not obligated to update any forward-looking statements except as required by applicable laws. Additionally, during this call, our management will discuss certain non-GAAP financial measures solely for comparison purposes. For a clear understanding of these measures and a reconciliation of GAAP to non-GAAP financial results, please refer to the earnings release issued earlier today. Furthermore, a webcast replay of this conference call will be accessible on our website at ir.yaduo.com, where a copy of the results presentation is also available. Now, I will turn the call over to Mr. Wang, our CEO.

Thank you, Luke. Hello, everyone, and thank you for joining Atul's first quarter 2025 earnings call today. But based on the challenge and existence, as the leading lifestyle brand group, Yaduo has always maintained the concept of managing the crowd, and is willing to respond to new market changes to accurately meet the needs of consumers at the moment for high-quality, individualized, and experiential consumption. At the same time, we continue to firmly promote the strategic approach of China Experience's 2000 good stores, and at the same time, we continue to promote and upgrade the value system of the industry.