Nano Labs Ltd

Ladies and gentlemen, thank you for standing by. Welcome to NanoLab's first half of 2025 earnings conference call. During today's call, all participants will be in listen-only mode. This conference is being recorded today, Friday, August 15th, 2025. Joining us today from NanoLabs are the company's chairman and chief executive officer, Mr. Jingping Kong, and the company's chief financial officer, Mr. Bing Chen. On our call today, Mr. Kong will give you an overview of the company's performance. Mr. Chen will share the details of the company's financial results. After that, we will conduct a question and answer session to take your questions. Before we continue, I would like to remind you that some information discussed on this call will contain forward-looking statements. within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such 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 these and other risks, uncertainties or factors is included in the company's filings with the Securities and Exchange Commission. During today's call, Mr. Kong and Mr. Chen will deliver their remarks in Chinese and the company's representatives will provide corresponding English translations. With that, I will now turn the call over to Mr. Kong, the company's chairman and chief executive officer. Mr. Kong, please go ahead.

Mr. Kong, please go ahead.

Thank you, operator, and everyone for joining NanoLab's first half of 2025 earnings conference call today. On our call today, I will provide an overview of our recent development and our strategic initiatives in the future.