Autohome Inc.

Ladies and gentlemen, thank you for standing by for Auto Home's first quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. A question and answer session will follow management's prepared marks. As a reminder, this conference call is being recorded. If you have any objections, you may disconnect at this time. A live and archived webcast of this earnings conference call will also be available on Auto Home's IR website. It is now my pleasure to introduce your host, Sterling Song, Autohome's IR Director, Mr. Song. Please go ahead.

Thank you, operator. Hello, everyone, and welcome to Autohome's first quarter 2025 earnings conference call. Earlier today, Autohome distributed its earnings press release, which can be found on the company's IR website at ir.autohome.com.cn. Joining me on today's call are Chief Executive Officer Ms. Song Yang and Chief Financial Officer Ms. Craig Yanzeng. Management will go through their prepared remarks first, which will be followed by a Q&A session where they will be available to answer all your questions. Before we continue, please know that the discussion today will contain four resolution statements made under the Safe Harbor provisions of the U.S. Private Security Dedication 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 outlined in our public filing with the U.S. Securities Exchange Commission and the Hong Kong Stock Exchange. AutoHome doesn't undertake any obligation to update any forward-looking statements except as required under applicable laws. Please also know that AutoHome's earnings press release and this conference call include discussions of certain non-GAAP financial measures. The reconciliation of the non-GAAP measures to the most directly comparable GAAP measures can be found in our earnings release. I'll now turn the call over to Autohome CEO, Ms. Yang, for opening remarks. Please go ahead, Ms. Yang. Yang Dongqiang.

Thank you, Song Kai. Hello, everyone. I'm Yang Song. Thank you for attending our phone call today.