So-Young International Inc.

Ladies and gentlemen, thank you for standing by for SoYoung's second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. After management give their 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 host for today's call, Ms. Mona Qiao. Please proceed, Mona.

Thank you, operator, and thank you, everyone, for joining Soyang's second quarter 2026 earnings conference call. Joining the call today are Mr. Xing Jin, our founder, chairman, and CEO, and Ms. Shen Wusheng, our CFO. Before we begin, please refer to the safe harbor statement in our earnings release, which applies to this call and will be making for a looking statement. We will also discuss non-GAAP financial measures, Reconcilations between GAAP and non-GAAP measures are included in today's earnings price release. Please also note all fingers mentioned in this call are in RMB, unless otherwise stated. With that, I'd like to turn the call over to Mr. Xing Jin.

Hello, everyone. Welcome to today's press conference. In the second quarter of 2026, we will continue to implement the two-wheel drive strategy, continue to grow in offline joint operations, rely on continuous professional medical capabilities, a well-standardized standardization of delivery systems and intelligent applications. The scale of joint operations has been continuously improved, and the performance of the industry has remained strong. In this quarter, the income of joint operations reached 3.3 billion yuan, which is about 130% of the growth. Hello everyone and welcome to today's earnings call.