Fuwei Films (Holdings) Co., Ltd.

Ladies and gentlemen, good day and thank you for joining this Fu Wei Films second quarter 2020 earnings conference call. As a reminder, all phone lines are in a listen-only mode, but after today's prepared remarks, you will have the opportunity to ask questions. To get us started with opening remarks and introductions, I am pleased to yield the floor to Xue Yan. Please go ahead, sir.

We remind you that today's call is being recorded. A replay of today's call will be made available shortly after the conclusion of today's call. I would also like to remind you that certain statements that are none 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 harbor provisions of the Private Security Litigation Reform Act of 1995. We should know that a 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 subjective risks and uncertainties. Discussion of the factors that may affect future results is contained in our findings 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 the call today is Mr. Yong Jiang, Corporate Secretary. Before I walk you through our financials, Mr. Jiang will deliver his opening remarks. Sir, please go ahead. Thank you, Secretary.

Hello, everyone. Thank you for attending today's meeting. Although we are still facing an unfavorable market environment, the outbreak of COVID-19 has had a major negative impact on the world economy. However, what amazes me is that our overall sales revenue is relatively stable, and the number of sales in the special mode continues to increase to 58%. In addition, we have achieved positive profits for five consecutive seasons. We believe that this is due to the continuous innovation and development of the company and the implementation of the product strategy. I will answer your questions after reading the financial performance of the second quarter of 2020.