Dingdong (Cayman) Ltd ADR

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to the Ding Dong Limited second quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. Please note that this event is being recorded. I will now turn the conference over to the first speaker today, Roger Zhu, Senior Director of Investor Relations. Please go ahead, sir.

Thank you. Hello, everyone, and welcome to Dingdong's second quarter 2022 earnings call. With us today are Mr. Chang Lingliang, our founder and CEO, and Ms. Le Yu, our CFO. You can refer to our second quarter 2022 financial results on our IR website at ir.100.me. You can also access a replay of this call on our IR website when it becomes available a few hours after its conclusion. For today's call, management will provide their prepared remarks first, and then we'll be hosting a question and answer session. Before we continue, I would like to refer you to our safe harbor statement in our earnings press release, which also applies to this call, as we will be making forward-looking statements. Please note that all the numbers stated in the following management prepared remarks are in RMB terms. and we will discuss non-GAAP measures today. We shall more thoroughly extend and reconcile to our most comparable measures reported in our earnings release and filing with SEC. I will now turn the call to our first speaker today, founder and CEO of Bindong, Mr. Liang.

Okay. Thank you, investors, analysts, and journalists. Thank you, good friends of Bindong Market. Hello, everyone. Welcome to the Q2 earnings call of Dingdong Fresh in 2022. On the call today, I'll mainly cover three areas. First,