Qudian Inc. American Depositary Shares, each representing one Class A Ordinary Share

Hello, ladies and gentlemen. Thank you for standing by for QDN INC's second quarter 2021 earnings conference call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question and answer session. Today's conference call is being recorded. I will now turn the call over to host from QDN. Please go ahead.

Hello, everyone, and welcome to QDN's second quarter 2021 earnings conference call. The company's results were issued via Newswire services earlier today and were posted online. You can download the earnings press release and sign up for the company's distribution list by visiting our website at ir.qdn.com. Mr. Ming Luo, our founder, chairman, and chief executive officer, and Mrs. Zhu, our VP of investor relations, will start the call with prepared remarks, and then we will open the call to Q&A. Before we continue, please note that today's discussion will contain forward-looking statements made under the Safe Harbor Provision of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today. Further information regarding these and other risks and uncertainties is included in the company's 20F as spelled with the U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please also note that Shijian's earnings press release and this conference call include discussion of unaudited gap financial information as well as unaudited non-gap financial measures. Shijian's press release contains a reconciliation of the unaudited non-gap measures. to the unaudited most directly comparable gap measure. We also posted a slide presentation on our IR website, providing details on our results in a quarter. We will reference those results in our prepared remarks, but will not refer to specific slides during our discussion. I will now turn the call over to our CEO, Min Luo. Please go ahead.

Hello, everyone. I would like to thank you. or for joining us on today's call. In the second quarter of 2021, we continued to operate prudently across our cash credit business line, maintaining asset quality at a healthy level. We generated approximately 3.9 billion RMB in transactions for our loan book business with an unbalanced sheet loan balance of 3.5 billion RMB. Our tireless efforts to maintain a robust balance sheet ensure our ability to safeguard the interests of our shareholders while providing us sufficient funding to propel the development of our extra-curricular activity business, Wanli Mu Kids. We are pleased with Wanli Mu Kids' steady progress. We successfully opened two new centers recently, one in Fuzhou City in Jiangxi Province and the other in Xiamen. Furthermore, we have assigned this agreement for another 37 Wan Limu Kids Centers, of which 24 centers are under renovation. As we further expand our footprint, we believe our first mover advantages in depth Entrepreneurs' expertise and strong digitalization capabilities will fuel the ongoing growth of Wan Limu Kids. Now I would like to turn the call over to Sisi for more details on our results.