Kingsoft Cloud Holdings Limited

Ladies and gentlemen, thank you for standing by and welcome to the KingSoft Cloud Third Quarter 2020 Earnings Conference Call. At this time, all participants are in the listen-on mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that this conference is being recorded today. I would now like to hand the conference over to your speaker today, Mr. Kulshan. Investor Relations Manager of Kingsoft Cloud. Thank you. Please go ahead.

Thank you, operator. Hello, everyone, and thank you for joining us today. Kingsoft Cloud Server 2020 earnings release was distributed early today and is available on our IR website at ir.ksum.com, as well as on global news services. On the call today from Kingstown Cloud, we have our CEO, Mr. Yulin Wang, and CFO, Mr. Haixian He. Mr. Wang will review business operations and company highlights, followed by Mr. He, who will discuss financials and guidance. They will be available to answer your questions during the Q&A session that follows. Before we begin, I'd like to remind you that this conference call contains forward-looking statements. Within the meaning of Section 21 of the Security Exchange Act, of 1934, as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations on the current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to perceive and many of which are beyond the company's control. which may cause the company's actual results, performance, or achievements to differ maturely from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors are included in the company's filing with the U.S. SEC. The company does not undertake any obligation to update any forward-looking statements as a result of new information, future events, or otherwise. except as required under applicable law. Finally, please note that unless otherwise stated, all figures mentioned during this conference call are in the meeting. It's now my pleasure to introduce our CEO, Mr. Yulin Wang. Please go ahead.

Thank you, Nicole. Thank you for participating in the third quarter of 2020. In the third quarter, our high-efficiency implementation strategy achieved solid performance progress. The total income reached 17.3 billion RMB, which increased by 72.6% in total. Increase in speed maintained the lead in the industry. The progress of the company's enterprise cloud project began to recover and advance. The delivery of the COVID-19 vaccine will be gradually completed. With the high-efficiency execution capability, this quarter, the enterprise cloud income increased by 275.3% to 4.09 billion RMB. Thank you all for joining our third quarter 2020 earnings call.