Fuwei Films (Holdings) Co., Ltd.

Good day, ladies and gentlemen, and welcome to the Fu Wei Films second quarter 2019 earnings conference call. All lines have been placed in a listen-only mode, and there will be a question and answer session following the presentation. If you should require assistance during the call, please press star zero, and an operator will assist you. At this time, it's my pleasure to turn the floor over to Mr. Xueyin. Sir, the floor is yours.

Thank you, Tom. Let me remind you that today's call is being recorded and the replay of the call will be made available shortly after the conclusion of today's call. Before we start, I would like to remind you that certain statements that are not of historical facts major in the course of this conference call about future events and projected financial results constitute forward-looking statements that are made pursuant to the state power provisions of the private security litigation reform act of 1995. You should know that the company's actual results made different materially from those projected in these statements due to a variety of factors affecting the business. Forward-looking statements are subject to risks and uncertainties. Discussion of the factors that may affect future results is contained in our filings with the US Securities and Exchange Commission. We undertake no obligation to correct or update any forward-looking statements provided as a result of new information, future events, or changes in our expectations. Joining us on the call today is Mr. Yong Jiang, Corporate Secretary. Before I walk you through our financial results, Mr. Zhang will deliver his opening remarks, and I will translate Mr. Zhang's remarks. Mr. Zhang, please go ahead. Thank you, Mr. Zhang.

Thank you, Mr. Zhang. The number of sales has continued to grow. In this year's total sales, it accounts for 47.6%. In the same period of time, it was 38.6%. At the same time, we believe that innovation and development will help expand the product category of the company, thereby helping the company to expand its middle-end customer range. Looking forward to the future, the competitive situation of the global competition caused by the overproduction of the BOPT industry still exists. I will continue to implement a diversified strategy, continue to innovate and develop, and continue to work hard to expand the overseas market, so that the company's business can continue to improve, so that the company can seize the opportunity in the challenging industry and its strong economic potential. Next, Shi Wei will read for you the second quarter of 2019 and the financial performance of the first half of the year. After that, I will answer your questions.