Canaan Inc.

Ladies and gentlemen, thank you for standing by and welcome to Canon Incorporated Second Quarter 2020 earnings call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, we will have a Q&A session. Please note that this event is being recorded. Now, I'd like to hand the conference over to your speaker host today, Mr. Shao Kuei, Board Secretary of the company. Please go ahead, sir.

Thank you very much, and hello, everyone. Welcome to Canaan Inc.'s second quarter 2020 earnings conference call. The company's financial and operating results were released by our newswire services earlier today and are currently available online. Joining us today are our chairman and CEO, Mr. Nangeng Zhang, and our CFO, Mr. Chen Fuheng. In addition, Mr. Xiaoming Lu, our VP, and Mr. Dongzheng Zhang, our executive assistant, will also be available during the question and answer session. Mr. Zhang will start the call by providing an overview of the company and the performance highlights for the second quarter of 2020. Mr. Hong will then provide the details on the company's operating and financial results for the period before we open the call up for your questions. Before we continue, I would like to refer you to our safe harbor statement in our earnings press release, which also applies to this call as well, as we will be making forward-looking statements. Please also note that we will discuss non-GAAP measures today, which are more through roughly explained and reconciled to the most comparable measures reported on the general accepted accounting principles in our earnings release and the filings with the SEC. With that, I will now turn the call over to our Chairman and CEO, Mr. Nangeng Zhang. Mr. Zhang will deliver his remarks in Chinese, and I will provide the corresponding English translations. Please go ahead, sir.

Thank you, Mr. Zhang. Hello, everyone. I am Zhang Nangeng, the Chairman and CEO of Jannan Technology. Please allow me to briefly introduce the company in the second quarter of this year.