Qfin Holdings, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the 360 Digitech fourth quarter and full year 2022 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session, at which time, if you wish to ask a question, you need to press star 11 on your telephone. Please also note that today's event is being recorded. At this time, I would like to turn the conference call over to Ms. Karen Chee, Senior Director of Capital Market. Please go ahead, Karen.

Thank you, operator. Hello, everyone, and welcome to 360 Digitech's first quarter and full year 2022 earnings conference call. Our earnings release was distributed earlier today and is available on our IR website. Joining me today are Mr. Wu Haisheng, our CEO. Mr. Alex Xu, our CFO, and Mr. Zheng Yan, our CRO. Before we start, I would like to refer you to our safe harbor statement in the earnings press release, which applies to this call as we will make certain forward-looking statements. Also, this call includes discussions of certain non-GAAP measures, financial measures. Please refer to our earnings release, which contains a reconciliation of the non-GAAP measures to GAAP measures. Also, please note that unless otherwise stated, all figures mentioned in this call are in RMB terms. Now I will turn the call over to our CEO, Mr. Wu Haisheng. Please go ahead.

Hello, everyone. Thanks for joining our Q4 2022 earnings conference call. In the past, we have gone through a very turbulent period. From the lockdown in October and November to the lockdown in December, we have been under the control of the pandemic for the past three years, and we have come to a dead end. We have basically come to a dead end in terms of the specialization and revision of our platform business and financial business. The Chinese Bank of China On December 27, it said that the financial policy should be more active in cooperating with the financial and social policies, and that the recovery and expansion of consumption should be in the priority position, and that the financial support for the internal demand should be increased. The People's Bank of China also said that it will support platform economy development from several aspects, including promoting platform companies, accelerating the reformation of even the smallest problems, and raising the standardization of On the macro environment front, we experienced a volatile quarter in Q4, swinging from widespread swamps across China in October and November to the border reopening and the cancellation of almost all COVID-19 restrictions in December.