Tuya Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to TUYA Inc's third quarter 2021 earnings conference call. At this time, all participants are in listen-only mode. We'll be hosting question and answer session after management's prepared remarks. I will now turn the call over to the first speaker today, Mr. Red Chai, Investor Relations Associate Director of TUYA. Please go ahead, sir.

Thank you. Hello, everyone. Welcome to our third quarter 2021 earnings call. Joining us today are founders and CEO of Tuya, Mr. Jerry Wong, co-chairman and the president of Tuya, Mr. Leo Chen, and our CFO, Ms. Jessie Liu. You can refer to our third quarter of 2021 financial results on our company's IR website at ir.tuya.com. You can also access a replay of this call when it becomes available in a few hours on our IR website. Before we start, please note that this call may contain forward-looking statements that may present to the State Harbor Provision for the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the management's current expectations and observations that involve known and unknown risks, uncertainties, and other factors not under the company's control. which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or expectations implied by these forward-looking statements. All forward-looking statements are expressly qualified in their entirety by the cautionary statements, risk factors, and details of the company's filing with FDC. The company undertakes no duty to revise or update any forward-looking statements for selected events or circumstances. after the date of this conference call. I will now turn the call to our first speaker today, founder and the CEO of Tuya, Mr. Jerry Wang.

Hello everyone, and thank you for joining us on our third quarter of 2021 earnings conference call. In 2021, the third quarter was a challenging quarter for the industry. Although the global pandemic has brought a number of factors that have affected the quarter's share price, including the addition of Amazon power, marine difficulties, and other problems, our Q3 total revenue has gained about 45% of the share price growth, reaching $8,558 million. In line with our expectations and guidance, the business of 2BIT, which is mainly based on SaaS and others, is less affected by the red light environment. Q3, Q1, Q2, Q3, Q3.