JinkoSolar Holding Co Ltd DR

Hello, ladies and gentlemen, and thank you for standing by for JNCO Solar's Holding Companies Limited's fourth quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. As a reminder, today's conference call is being recorded. I would now like to turn the meeting over to your host for today's call, Ms. Stella Wang, JNCO Solar's investor relations. Please go ahead, Ms. Stella.

Thank you, Operator. Thank you, everyone, for joining us today for Zinco Solar Sports Quarter 2022 Earnings Conference Call. The company's results were released earlier today and available on the company's IR website at www.zincosolar.com, as well as on your device services. We have also provided a supplemental presentation for today's earnings call, which can also be found on the IR website. On the call today from Zinco Solar, Mr. Li Xiande, Chairman of the Board of Directors and the Chief Executive Officer of Zinco Solar Holding Company Limited, Mr. Janet Miao, Chief Marketing Officer of Zinco Solar Company Limited, Mr. Pan Li, Chief Financial Officer of Zinco Solar Holding Company Limited, and Mr. Charlie Cao, Chief Financial Officer of Zinco Solar Company Limited. Mr. Li will discuss Zinco Solar's business operations and company highlights. followed by Mr. Miao, who will talk about the sales and the marketing, and then Mr. Pan Li, who will go through the financials. You will all be available to answer questions during the Q&A session that follows. Please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our future results may be materially different from the views expressed today. Further information regarding this and other risks is included in Zinco Solar's public filings with the Securities and Exchange Commission. Zinco Solar does not assume any obligation to update any forward-looking statements except as required under the applicable law. It's now my pleasure to introduce Mr. Li Jiendo, Chairman and CEO of Zinco Solar Holdings. Mr. Li will speak in Mandarin and I will translate his comments into English. Please go ahead, Mr. Li.

We are very happy to hand over a free copy of the 2022 2022 Q4. In 2022, in the context of the constant rise in raw material costs, we have never stopped reducing the cost of parts through technological improvement and process improvement. Partly to deal with the pressure of the increase in raw material costs on profit, the cost-effective N-type products have a total supply of more than 10GW,