Kingsoft Cloud Holdings Limited

Ladies and gentlemen, thank you for standing by and welcome to Kingsoft Cloud fourth quarter and fiscal year 2020 earnings conference call. I would now like to turn the call over to your host today, Ms. Nicole Shen. Thank you. Please go ahead, Nicole.

Thank you, operator. Hello, everyone, and thank you for joining us today. King South Cloud's first quarter and fiscal year 2020 earnings release was distributed earlier today and is available on our IR website at ir.kyun.com, as well as on global newsware services. On the call today from King South Cloud, we have our CEO, Mr. Yulin Wang, and CFO, Mr. Hai Jianhe. Mr. Wong will review our business operations and company highlights, followed by Mr. He, who will discuss the financials and guidance. He will be available to answer your questions during the Q&A session that follows. There will be a third-party translator who will provide consecutive translations. All translations are for convenience purposes only. In case of any discrepancy, management statements in our original language will prevail. Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of U.S. Private Security Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations and 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 predict and many of which are beyond the company's control. which may cause the company's actual results, performance, or achievements to differ materially from those in the forward-looking statements. Further information regarding this and other risks are included in the company's filing with the U.S. SEC. The company doesn't 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 RMB. It's now my pleasure to introduce our CEO, Mr. Yulin Wang. Please go ahead.

Thank you, Nicole. Thank you for participating in the 4th quarter of 2020 and the year-round phone call. This quarter, we performed well with solid performance. The total revenue of the 4th quarter reached RMB19.2 billion, with an increase of 63.8% In 2020, the total annual income reached 65.8 billion RMB, with a growth of 66.2%. In the past year, we have achieved a rapid growth in revenue in the industry. This is due to the company's insistence on implementing a set strategy to deepen the development opportunities of the Internet, public service, financial and medical vertical industries, in the area of focus, polishing core technology, and deepening industry understanding. In the past year, we not only maintained the growth of revenue contribution of existing customers, At the same time, we have served many new high-quality customers, including Zhihu, ShengWang, HuYa, Eagle, Sogo, YouYi互通 and other Internet companies, Xindongfang, VIPKID and other education companies, as well as ZhongXin Bank, Huaxia Bank, MaShang Consumption Finance, ZhongBang Bank and other financial institutions. As the leading medium-sized cloud service provider in China, we are focused on cloud service, which makes it possible for us to avoid the potential business conflict with high-quality customers and further strengthen the loyalty of the company. Thank you, Nicole. And thank you all for joining our fourth quarter and fiscal year 2020 earnings call. We are pleased to have closed the year with a solid performance.