Kingsoft Cloud Holdings Limited

Good day. Thank you for standing by and welcome to the Kingsoft Cloud's third quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question and answer session, at which time, if you wish to ask a question, you will need to press star one on your telephone. I must advise you that this conference is being recorded. I would now like to hand the conference over to your first speaker today, Nicole Shen. I am a manager of Kingsoft Cloud. Thank you. Please go ahead.

Thank you, operator. Hello, everyone, and thank you for joining us today. Kingsoft Cloud's third quarter 2021 earnings release was distributed earlier today and is available on our IR website at ir.ksyun.com, as well as on global newswire services. On the call today from Kingsoft Cloud, we have our CEO, Mr. Yulin Wang, and CFO, Mr. Haixian, Henry He, Mr. Wong will review our business operations and company highlights, followed by Mr. Ho, who will discuss the financials and guidance. They will be available to answer your question during the Q&A session that follows. There will be consecutive interpretations. Our interpretations are for your convenience and reference purpose only. In case of any discrepancy, management statement in original language will prevail. Before we begin, I'd like to remember that this conference call contains forward-looking statements. within the meaning of Section 20E of the Security Exchange Act of 1934, as amended and as defined in the 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 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 and certainties 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 statement as a result of new information, future events, or otherwise, except as required under applicable law. Finally, please note that unless otherwise stated, all financial figures mentioned during this call are denominated in RMB. It's now my pleasure to introduce our CEO. Mr. Yulin Wang, please go ahead.

Okay, thank you, Nicole. Hello, everyone. Welcome to the third quarter of 2021. In the third quarter, the company's total income reached RMB 24.1 billion, which is about 40% of the total growth. The total revenue of Gongyou Cloud is 16.9 billion yuan. The net profit of the previous quarter has reached 1.4 billion yuan. The net profit of the industry cloud has reached 7.3 billion yuan. The net profit of the industry cloud has increased by 78%. Since the beginning of 2021, the company has undergone rapid development in the context of a new normalization of the epidemic. As China's largest independent cloud service provider, the company will serve as a mission to create a digital future together with its most trusted cloud partners. Thank you, Nicole, and thank you all for joining our third quarter 2021 earnings call. In the third quarter, we generated RMB 2.41 billion in total revenues, which was an increase of 40% from the same quarter last year.