Phoenix New Media Limited

please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker today, Mu Zi Guo from Investor Relations. Please go ahead.

Thank you, operator. Welcome to Phoenix New Media's earnings conference call for the fourth quarter of 2024. On today's call, we will begin with an overview of our fourth quarter results, followed by a Q&A session. You can find our quarterly financial results and the webcast of this conference call on our website at ir.iphone.com. Before we continue, please note our safe harbor statement included in the earnings press release, which also applies to any forward-looking statements made on this call. Additionally, unless otherwise specified, all figures mentioned are in RMB. Joining me here today are our CEO, Mr. Yu Sheng Sun, and our CFO, Mr. Edward Liu. Now I will pass the call to Mr. Sun for his opening remarks. I will provide the translation. Mr. Sun.

Okay. Hello, investors. In the past year, we have always insisted on the professionalism and quality of the content. Under the hard work and efficiency of the team, we have obtained the same income . . . . . . . . . . Hello everyone and welcome.