Canaan Inc.

Ladies and gentlemen, thank you for standing by and welcome to Canon Inc.'s third 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 question-and-answer session. Please note this event is being recorded. Now, I'd now like to hand over the conference to your speaker host today, Mr. Shao Curley. Board Secretary of the company. Please go ahead, Mr. Li.

Thank you very much. Hello, everyone, and welcome to Canaan Inc.'s Third 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. Quanfu Hong. In addition, Mr. Xiaoming Lu, our VP, 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 quarter. Mr. Hong will then provide 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 we will be making forward-looking statements. Please also note that we will discuss non-GAAP measures today, which are more sharply explained and reconciled to the most comparable measures reported under generally 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 the CEO, Mr. Nangeng Zhang. Mr. Zhang will deliver his remarks in Chinese and I will provide the corresponding English translations. Please go ahead, sir.

Hello, everyone. Hello, everyone.