Fuwei Films (Holdings) Co., Ltd.

Good day, ladies and gentlemen, and welcome to the Sway Film fourth quarter 2020 earnings conference call. All lines have been placed on a listen-only mode, and the floor will be open for questions and comments following the presentation. If you should require assistance throughout the conference, please press star zero on your telephone keypad to reach a live operator. At this time, it is my pleasure to turn the floor over to your host, Sway Nguyen. Sir, the floor is yours.

Thank you, Dagmar. Thank you. And let me remind you that today's call is being recorded. A replay of today's call will be made available shortly after the conclusion of the call. Before we start, I would like to remind you that certain statements that are not of historic 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. 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. Forwarding statements of subjective risks and uncertainties and 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 forwarding 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, Corporate Secretary. Before I walk you through our financial highlights, Mr. Zhang will deliver his opening remarks. Sir, please go ahead.

Hello, everyone. Welcome to today's meeting. In 2020, the company's revenue and net profit continued to increase. The total sales revenue increased by 26%. In 2020, the total sales revenue was 60.8%. In 2020, the net profit was 40.6%. It has increased by 25.7% compared to 2019. We believe that the company will be able to handle the future industry and economy better in the near future. We believe that continuous innovation and development can help the company expand the scope of medium-term product sales, attract new customers, Hello, everyone, and thank you for joining us today.