Fuwei Films (Holdings) Co., Ltd.

Good day, ladies and gentlemen, and welcome to the Fu Wei Film's third quarter 2019 earnings conference call. All lines have been placed on a listen-only mode, and the floor will be open for your questions and comments following the presentation. If you should require assistance throughout the conference, please press star zero. At this time, it is my pleasure to turn the floor over to your host, Mr. Shu Wei Yin. Sir, the floor is yours.

Yes. Thank you, everyone. Let me remind you that today's call is being recorded. A replay of this call will be made available shortly after the conclusion of today's call. And before we start, I would like to remind you that certain statements that are not of historical facts made during the course of this conference call about future events and projected financial results constitute forward-looking statements that are made pursuant to the safe-hearted provisions of the Private Security Litigation Reform Act of 1995. You should know that the company's actual results may differ 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 U.S. 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 today's call is Mr. Yong Zhang, Thank you, Secretary. Before I walk you through our financial results, Mr. Zhang will deliver his opening remarks and I'll translate Mr. Zhang's remarks. Sir, please go ahead. Mr. Zhang, please.

Thank you, Secretary. Hello, everyone. Thank you for attending today's meeting. We are very happy to be able to continue to make profits in this quarter due to the change in the product strategy and innovation and development. Special model sales maintain the leading position in the company's overall sales, accounting for 51% of the total sales in each quarter. Looking forward to the future, the COPT industry can overcome the intense competition that has caused it, and it still exists. Despite this, we will continue to innovate and develop, and we will continue to work hard to open up the overseas market, continue to implement the XF strategy, and make the company's performance improve indirectly. Thank you for joining us today. Benefiting from our differentiated product strategy and continuous R&D, we are pleased to continue to operate profitably for the third quarter.