CNFinance Holdings Limited

Good day, and welcome to the CN Finance third quarter of 2022 Unaudited Financial Results conference call. All participants will be in a listen-only mode. Should you need any assistance during the call, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw a question, please press star, then two. Please note that this event is being recorded today. I would now like to turn the conference over to Matt Liu, IR specialist. Please go ahead.

Thank you. Good morning and evening, and welcome to the CN Finance third quarter of 2022 financial results conference call. In today's call, our director and vice president, Mr. Chen Jun, will walk us through the operating results, followed by the financial results from our acting CFO, Mr. Li. And after that, we will have a Q&A section. Before we start, I would like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as real, expects, anticipates, intents, plans, beliefs, estimates, target, going forward, outlook, and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainty, and other factors, all of which are difficult to predict and may and may of which are beyond the company's control, which may cause the company's actual results, performance, or achievements to differ materially from those in the forward-looking segment. Further information regarding these and other risks, uncertainties, or factors is included in the company's filing with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required under law. Now, please welcome Mr. Qian Jun. 我们将会回答大家的问题。 Thank you everyone for joining us in this conference call. On today's call, we will introduce the company's financial and operational results in the third quarter of 2022, followed by a Q&A session.

The bank introduced a loan of 400 million yuan. The company's income is richer, mainly due to the service fee of the bank model and the rise in the amount of rebate fees collected from partners. At the same time, due to the decline in financing costs and the initiative management of partners' bonus costs, the company's net profit is higher than last year. When the company adopted a more cautious policy, In the third quarter of 2022, has China's economy made a turn to the better?