Kandi Technologies Group, Inc.

And welcome to the Candy Technologies third quarter 2022 financial results call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing star then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Iwa Luo, Manager, Investor, Direct Investor Relations at Candy Technologies Group. Please go ahead.

Thank you, Operator. Hello, everyone. Thank you all for joining us on today's conference call to discuss Candidate's results for the third quarter of 2022. Earlier today, we issued a press release covering the results. You can find the press release on the company's website as well as from Newswire Services. On the call with me today are Mr. Hu Xiaoming, Chief Executive Officer, and Mr. Alan Ling, Chief Financial Officer. Mr. Hu will deliver prepared remarks in Chinese, which I will then translate. After that, we will have a Q&A session. Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the US Private Security Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public filings with the SEC. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law. Please note that unless otherwise stated, all figures mentioned during the call are in U.S. dollars. With that, let me now turn the call over to our CEO, Hu Xiaoming. Go ahead, Mr. Hu.

$3.7 billion. This is the highest sales revenue since the beginning of 2021. It is also important that the net profit is also reduced to profit in this quarter. We can solve the problem of the pandemic and the global economic recession and the continued supply chain barriers and other external factors. It's not easy to achieve this kind of performance. To achieve this kind of performance, we rely on our industrial adjustments in recent years and the result of reorienting resources. First of all, I would like to thank all our shareholders for their understanding and support. In addition, I would like to thank all our employees who have worked hard to achieve this kind of performance.