CBAK Energy Technology Limited

Good day, ladies and gentlemen. Thank you for standing by and welcome to CBAK Energy Technology second quarter and first half of 2021 Earnings Conference Call. We're currently all participants are in the listen-only mode. Later, we will conduct a question and answer session and instructions will follow at a time. As a reminder, we are recording today's call. If you have any objections, you may disconnect at this time. Now, I'll turn the call over to Terry Lee, Investor Relations Director of CBAK Energy. Mr. Lee, please proceed.

Thank you, operator, and hello, everyone. Welcome to CBAK Energy's second quarter and first half of 2021 earnings conference call. We released results earlier today. The press release is available on the company's IR website at ir.cbac.com.cn as well as from Newswire Services. A relay of this call will also be available in a few hours on our IR website. On the call with me today are Yunfei Li, who is our Chief Executive Officer, Mrs. Yuna Pei, who is our Chief Financial Officer, Mr. Xiu Juntian, our General Engineer, and Mr. Ding, our Interpreter. Before we continue, Please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Targeted Securities Litigation Reform Act of 1995. Forward-looking statements invoke enduring risks and uncertainties. As such, the company's actual results may be materially different from the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public firings with the SEC. The company doesn't assume any obligation to update any forward-looking statements except as required under applicable laws. Also, please note that unless otherwise stated, all figures mentioned during the conference call are in U.S. storage. With that, let me now turn the call over to our CEO, Mr. Yunfei Li. Mr. Li will speak in Chinese and I will translate his comments in English. Go ahead, Mr. Li. Thank you. Hello, everyone. Thank you and hello everyone. Thank you for joining our earnings conference call today. 2021

11,530 million yuan, respectively, increased by 27% and 33%. This not only reflects the strong market attraction of our leading electronic products in the industry, but also proves our effective strategic execution ability. In the first half of this year, our net profit reached 19.2% and increased by 16.6%.