Canadian Solar Inc.

Ladies and gentlemen, thank you for standing by. Welcome to Canadian Solar's third quarter 2022 earnings conference call. My name is Melissa and I will be your operator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. As a reminder, this conference is being recorded for replay purposes. I would now like to turn the call over to Isabelle Zhang, Investor Relations Director at Canadian Solar. Please go ahead.

Thank you, Melissa, and welcome everyone to Canadian Solar's third quarter 2022 conference call. We have provided slides to accompany today's conference call, which are available on Canadian Solar's investor relations website within the events and presentation section. Joining us today are Dr. Shawn Chee, Chairman and CEO, Yan Zhong, President of Canadian Solar's majority-owned subsidiary, CSI Solar. Dr. Huifeng Chang, Senior VP and CFO, and Ismail Guerrero, Corporate VP and President of Canadian Solar's wholly owned subsidiary, Global Energy. All company executives will participate in the Q&A session after management's formal remarks. On this call, Sean will go over some key messages for the quarter. Yen and Ismail will respectively review the highlights of the CSI Solar and Global Energy businesses. followed by Huizhong, who will go through the financial results. Sean will conclude the prepared remarks with the business outlook, after which we will have time for questions. Before we begin, may I remind listeners that management's prepared remarks today, as well as their answers to questions, will contain forward-looking statements that are subject to risks and uncertainties. The company claims the protection of the safe harbor for forward-looking statements that have continued in the Private Security Litigation Reform Act of 1995. Actual results may differ from management's current expectations. Any projections of the company's future performance represent management's estimates as of today. Canadian solar is in no obligation to update these projections in the future unless otherwise required by applicable law. A more detailed discussion of the risks and uncertainties can be found in the company's annual report on Form KMF as amended by the Securities and Exchange Commission. Management prepared remarks will be presented within the requirements of SEC Regulation G regarding generally accepted accounting principles or GAAP. Some financial information presented during the call will be provided on both a GAAP and a non-GAAP basis. By disclosing certain non-GAAP information, management intends to provide investors with additional information to permit further analysis of the company's performance and underlying trends. Management uses non-GAAP measures to better assess operating performance and to establish operational goals. Non-GAAP information should not be viewed by investors as a substitute for data prepared in accordance with GAAP. And now, I would like to turn the call over to Canadian Solar's Chairman and CEO, Dr. Shawn Chu. Shawn, please go ahead.

Thank you, Isabelle. Hi, everyone. Welcome and thanks for joining us today. Please turn to slide three. This slide provides a summary of our key performance metrics. We achieved strong results in the third quarter of 2022. The headline for us is the 57% year-over-year revenue growth, 18.8% gross margin, and net income of $1.12 per diluted share. profitability in both our gsi solar and global energy businesses improved meaningfully as we continued to focus on solidifying our leadership position and driving profitable growth our team executed across the board and made Q3 one of our strongest quarters since the beginning of COVID. As always, Yan, Ismael, and Huifeng will go through our performance in more detail. Before that, let me highlight some key messages.