Cango Inc.

Good morning and good evening, everyone. Welcome to CanGo, Inc.' 's third quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. This call is also being broadcast live on the company's IR website. Joining us today are Mr. Jiayuan Lin, Chief Executive Officer, and Ms. Rian Sun, Financial Director of CanGo. Following management's prepared remarks, we will conduct a Q&A session. Before I begin, I refer you to the safe harbor statement in the company's earnings release, which also applies to the conference call today, as management will make forward-looking statements. With that said, I am now turning the call to Mr. Jia Yun Lin, CEO of Tango. Please go ahead. 大家好,欢迎参加唱国2024年第三季度财报电话会议。

Hello everyone, and welcome to CanGo's 3rd Quarter 2024 Earnings Call.

In the 3rd quarter of 2024, CanGo's overall business performance was stable. It achieved a total income of RMB 2695 million, a profit of RMB 3524 million, and a net profit of RMB 6788 million. This was mainly due to the fact that we implemented a more rigorous cost control and risk management strategy, and improved operating efficiency through economic cost management.