LIZHI INC.

Hello, ladies and gentlemen. Thank you for standing by for the Liga, Inc.' 's first quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. After management's remarks, there will be a question and answer session. Today's conference call is being recorded. I will now turn the call over to your host, Effie Kahn, head of capital markets for the company. Please go ahead.

Thank you very much. Hello, everyone, and welcome to Li Zhi Inc's first quarter 2022 earnings conference call. We released our financial and operating results via Newswire services earlier today, and they are available online. Participants on today's call will include our founder and CEO, Mr. Marco Lai, our COO, Mr. Ze Long Li, and our acting CFO, Ms. Chen Fang Lu. Mr. Li and Ms. Lu will begin with prepared remarks. and the call will conclude with a Q&A session. As a reminder, this conference is being recorded. In addition, an earnest highlight presentation and a webcast replay of this conference call will be available on the IR section of our website at ir.leach.fm. Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provision of the U.S. Private Securities Litigation Reform Act of 1995. These statements typefully contain words such as may, will, expect, target, estimate, intend, believe, potential, continue, or other similar expressions. Forward-looking statements involve inherent risk and uncertainty. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, many of which factors are beyond our control. The company, its affiliates, advisors, representatives, and underwriters do not undertake any obligation to update this forward-looking information, except as required under the applicable law. Please also note that Li Zhi's earnings press release and this conference call includes discussions of unaudited gap financial measures as well as unaudited non-gap financial measures. Please refer to the Earnings Press release for reconciliation of unaudited non-gap measures to unaudited gap measures. I will now turn the call over to our COO, Mr. Zilong Li. Please go ahead.

Hello everyone. Hello everyone and thank you for joining our first quarter 2022 earnings conference call. and achieved a good business performance. Among them, the annual revenue increased by 4.4% to RMB5.17 billion. The net profit was raised by 32% from last year's period of 700 points. The company gained leverage at the GAAP level for the second quarter in a row. The net profit increased by 84% compared to last year.