JinkoSolar Holding Co Ltd DR

Thank you for standing by and welcome to the third quarter 2023 JNCO Solar Holding Company Limited Earnings Conference Call. All participants are in listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press star followed by the number 1 on your telephone keypad. Please note this conference is being recorded. I would now like to hand the conference over to Stella Wong of Investor Relations. Please go ahead.

Thank you, operator. Thank you, everyone, for joining us today for Ginkgo Solar's third quarter 2023 earnings conference call. The company's results were released earlier today and available on the company's IR website at www.ginkgosolar.com. as well as on new wireless services. We have also provided a supplemental presentation for today's earnings call, which can also be found on the IELTS website. On the call today from Zinco Solar are Mr. Li Xiangde, Chairman of the Board of Directors and the CEO of Zinco Solar Holding Company Limited, Mr. Jenna 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 the Zinco Solar Spaces 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. They will all be available to answer your 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 Jinko 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. Lee Hsien-de, Chairman and CEO of Zinco Solar Holdings. Mr. Lee will speak in Mandarin, and I will translate his comments into English. Please go ahead, Mr. Lee.

We are very pleased to overcome the challenges brought by market fluctuations with the advantage of global operation and integrated production of N-type top-com technology. We have achieved a significant growth in the total production volume, gross profit and net profit. The total production volume is 21.4 GW, which has increased by 107.9% in the same ratio. The material cost of the transducer has decreased by 20%. The production volume of N-type products with high efficiency has increased by 60%. The production volume of the U.S. market has increased by 10%. It has contributed to an increase in three-week profit. The three-week profit is 19.3%. Compared to last year's same period, it is 15.7%. The net profit is 1.814 billion US dollars. The net profit is 1.846 billion US dollars. The net profit is 1.846 billion US dollars. The net profit is 1.814 billion US dollars.