Phoenix New Media Limited

Good day and thank you for standing by. Welcome to Phoenix New Media second quarter 2024 earnings call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I will now hand the conference over to your first speaker today, Mu Zigu from IR department. Please go ahead.

Thank you, operator. Welcome to Phoenix New Media's earnings conference call for the second quarter of 2024. Joining me here today are our CEO, Mr. Yu Shengsun, and our CFO, Mr. Edward Liu. During this call, our management team will start with an overview of our quarterly results, followed by a Q&A session. You can find the quarterly results, as well as the webcast of this conference call, on our website at ir.iphone.com. Before the management's prepared remarks, I would like to draw your attention to our Safe Harbor Statement, contained in our earnings press release, which also pertains to our forward-looking statements during this call. Additionally, please note that unless otherwise specified, All figures mentioned throughout this conference call are in RMB. Now, I will pass the call to Mr. Sun, our CEO. For his opening remarks, I will provide the translation. Mr. Sun.

Hello, investors. Half of 2024 has passed. The overall situation of our business in the first half of the year is stable. successfully completed our performance goals, greatly reduced losses. In the second quarter, a lot of high-quality content and news reports were broadcast widely on the whole network, effectively improving the influence of Phoenix's new media, and laid the foundation for consistent commercialization. At the same time, Thank you, Mr. Sun.