Xunlei Limited

Hey, ladies and gentlemen, and thank you for your patience. You've joined Shunlei's fourth quarter and the full year of 2020 earnings conference call. At this time, all participants are in a listen-only mode. There will be a Q&A session after the management remarks. I would now like to turn the call over to your host, Investor Relations Manager, Ms. Meng Nengao.

Thank you. Good morning and good evening. Thank you for joining Xinlei's fourth quarter and full year of 2020 earnings conference call. For our agenda today, Ms. Jinbo Li, our CEO, will provide a brief overview of our strategies and financial performance. After that, Ms. Eric Zhou, our CFO, will provide additional details on the financial results and wrap up with our revenue guidance for the first quarter of 2021. We'll be happy to take your questions about our measurement remarks. Please fill in to two questions at a time so others can get their question in as well. Today's conference call is being recorded and the replay of the call will be available on our IR website afterwards. Our earnings press release was distributed earlier today and is now also available on our IR website. Please note the discussion today will contain certain forward-looking statements made under the safe harbor provisions of the U.S. Private Experities Litigations Reform Act of 1995. Such statements are based on management's current expectations and their current market intentions, and they're subject to risks and certainties that are difficult to predict, which may cause actual results to differ materially from those made in the full looking statements. Please refer to our SEC filings for a more detailed description of the risk factors that may affect our results. We do not undertake any duty to update any full looking statements except as required under applicable laws. During the call, we will refer to our both GAAP and non-GAAP financial measures. A consideration of non-GAAP to comparable GAAP measures can be found in our earnings press release. Please note that our numbers and U.S. dollars are less otherwise stated. And with that, let me pass to our CEO, Mr. Dean Burley, for a prepared remark.

Good morning and good evening, everyone. Welcome to Xunlei's fourth quarter and full year of 2020 earnings conference call. Completing the year of 2020 with a strong fourth quarter, we're happy to share with you the company's recent developments and outlook. In the fourth quarter of 2020, the company has gained considerable results and progress, with a total revenue of up to $5,030 million, which is 15% higher than the income value of the quarter. In particular, the interest rate and operating efficiency have steadily improved and the loss has been minimized. Compared to the third quarter, the company's capital size has also increased.