KANZHUN LIMITED

Ladies and gentlemen, thank you for standing by, and welcome to the Kanjin Limited Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a Q&A session. Today's conference is being recorded. At this time, I would like to turn the conference over to Ms. Wenbei Wang, Head of Investor Relations. Please go ahead, ma'am.

Thank you, operator. Good evening and good morning, everyone. Welcome to our second quarter 2024 earnings conference call. Joining me today are our founder, chairman, and CEO, Mr. Jonathan Peng Zhao, and our director and CFO, Mr. Phil Yu Zhang. Before we start, we would like to remind you that today's discussion may contain forward-looking statements which are based on management's current expectations and observations that involve unknown and unknown known and unknown risks, uncertainties, and other factors not under a company's control, which may cause actual results, performance, or achievements of the company to be materially different. The company caution you not to place undue reliance on forward-looking statements and do not undertake any obligation to update this forward-looking information, except as required by law. During today's call, management will also discuss certain non-gap financial measures for comparison purpose only. For definition of non-GAAP financial measures and the reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today. In addition, a webcast replay of this conference call will be available on our website at ir.jping.com. With that, I will now turn the call to Jonathan, our founder, chairman, and CEO.

Hello everyone, thank you for joining our company's second quarter 2024 earnings conference call. GAP revenue of 19.2 billion yuan increased by 29%. The second quarter achieved a net profit of 4.2 billion yuan. At the same time, the net profit of 7.2 billion yuan increased by 26%. The second quarter, the average MAU hit 54.6 million. I will start with our financial numbers.