NIO Inc.

Hello, ladies and gentlemen. Thank you for standing by for NEO Incorporated's second quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. I will now turn the call over to your host, Mr. Rui Chen, Head of Investor Relations and Corporate Finance of the company. Please go ahead, Rui.

good morning and good evening everyone welcome to new second quarter 2025 earnings conference call the company's financial and operating results were published in the press release earlier today and are posted on the company's ir website on today's call we have mr william lee founder chairman of the board and ceo and mr stanley chu cfo Before we continue, please be kindly reminded that today's discussion will contain forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the views expressed today. Further information regarding risks and uncertainties is included in certain filings of the company with the U.S. Securities and Exchange Commission, the Stock Exchange of Hong Kong Limited, and the Singapore Exchange Security Trading Limited. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please also note that Neil's earnings press release and this conference call include discussions of unaudited gap financial information as well as unaudited non-gap financial measures. Please refer to news press release which contains a reconciliation of the unaudited non-gap measures to comparable gap measures. With that, I will now turn the call over to our CEO, Mr. William Li. William, please go ahead.

大家好,非常感謝各位參加未來2025年第二季度業績溝通會議。 Hello everyone, thank you for joining NIO's 2025 Q2 earnings call.