Kingsoft Cloud Holdings Limited

Good day and thank you for standing by. Welcome to Kingsoft Cloud first quarter 2022 earnings conference call. At this time, all participants are in the listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star one on your telephone. Please be advised that today's conference is being recorded. And now I'd like to turn the conference over to Ms. Nicole Shan, IR Manager of Kingsoft Cloud. Thank you. Please go ahead.

Thank you, Operator. Hello, everyone, and thank you for joining us today. Kingsoft Cloud's first quarter 2022 earnings release was distributed earlier today and is available on our IR website at ir.ksyun.com, as well as on Global News Warehouse services. On the call today from Kingsoft Cloud, we have our CEO, Mr. Yulin Wang, and a staffer, Mr. Henry Ho. Mr. Wong will review our business operations and company highlights, followed by Mr. Ho, who will discuss the financials and the guidance. They will be available to answer your question during the Q&A session that follows. There will be consecutive integration. All integrations are for your convenience and reference purpose only. In case of any discrepancy, management statement in the original language will prevail. Before we begin, I would like to remind you that this conference call contains forward-looking statements. within the meaning of Section 21E 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 in relation to events that involve known or unknown risk, 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 filings 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 U.N.s are authorizing. except as required under applicable law. Finally, please note that unless otherwise stated, all financial figures mentioned during this conference call are denominated in RMB. It is now my pleasure to introduce our CEO, Mr. Yu Ding Wang. Please go ahead.

Thank you, Nicole. Hello, everyone. Welcome to the financial news conference of the first quarter of 2022. In the first quarter, the total revenue of the company reached RMB 21.7 billion, with an increase of about 20%. Thank you, Nicole, and thank you all for joining our 2022 first quarter earnings call. In the first quarter, we generated RMB 2.17 billion in total revenues, which was an increase of 20% year over year. And above the high end of our revenue guidance range,