So-Young International Inc.

Good morning, ladies and gentlemen. Thank you for standing by for SoYoung's third quarter 2020 earnings conference call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, there will be a question-and-answer session. As a reminder, today's conference call is being recorded. I would now like to turn the meeting over to your first speaker today, Investor Relations Director of SoYoung. Ms. Vivian Xu, please proceed.

Thank you, operator, and thank you for joining the third quarter 2020 earnings conference call. Please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities and the Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include but are not limited to those outlying our public findings with the SEC, including our annual report on Form 20F. SOEAM does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Join us today on call are Mr. Xing Jing, our founder, chairman, and CEO, and Mr. Bing Yu, our CFO. At this time, I would like to turn the call over to Mr. Xing Jing. Please.

大家好,感谢大家参加新亚2020年第三季度财报电话会议。 Thank you everyone for joining us for our third quarter 2020 earnings call. During the COVID-19 pandemic, China's medical and health industries are facing huge challenges. As the industry warms up, we find that consumers' needs for rapid change and flexible and innovative ways of dealing with them are crucial to the recovery of business. In the third quarter, we fully grasp the recovery of the industry, and continue to expand the community formed by users and medical professionals, and increase investment to improve the community's activity. In this quarter, we achieved a steady performance, with a total revenue of 3.6 billion RMB, which increased by 19% compared to the same period last year. The average number of active users for XinYang mobile devices has increased to 8.7 million, which increased by 154% compared to the same period last year. The number of platform-based medical institutions has increased by 4,096, which increased by 27% compared to the third quarter of 2019.