Tuya Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to 2YA Inc's 3rd Quarter 2023 Earnings Conference Call. I'll now turn the call over to the first speaker today, Mr. Raj Chai, Investor Relations Director of 2YA. Please go ahead, sir.

Thank you. Hello, everyone. Welcome to our 3rd Quarter 2023 Earnings Call. Joining us today are founder and CEO of 2YA, Mr. Jerry Wang, and our CFO, Mr. Jesse Liu. The third quarter 2023 financial results and webcast of this conference call are available at ir.tuya.com. A replay of this call will also be available on our website in a few hours. Before we continue, I refer you to our safe harbor statement in our earnings press release, which applies to this call as we will make forward-looking statements. With that, I will now turn the call to our founder and CEO, Mr. Wang. Jerry will deliver his remarks in Chinese, which will be followed by corresponding English translation. Thank you.

大家好,感谢大家参加图亚2023年Q3的业绩电话会议。 Hello everyone, thank you for joining the Tuya 2023 Q3 Earnings Conference Call. 首先,很高兴向大家汇报,在刚过去的2023年的第三季度,我们的总收入约6,110万美金。 Since the end of 2021, Q3 has entered the low-end cycle of the industry and the economy to hold the same growth rate of 35.7%. If the exchange rate is affected, it is about 43% of the same growth rate. Q3's comprehensive trade rate is still very stable at 46.7%, keeping the highest level in history in the second quarter. Under the strategic implementation of price-to-performance effects and business focus, Our NAND GAAP overall operating costs and expenses continue to decline. Q3 continues to compare with a significant decrease of 26.2%. As a result, our NAND GAAP net profit has been reflected as a further significant increase, reaching $10.1 million, which is nearly 5.7 times the increase. The quarter net profit is 16.5%, In addition, our operating cash flow has increased significantly. The net cash flow is about 16.1 million US dollars. Our net cash flow in Q3 is 9.61 billion US dollars. We continue to work hard to protect and support the company's financial development. Overall, the third record is a record of an all-round increase in various important financial indicators. It is a record of the cycle of the industry that is about to leave. Although the exchange rate There is still pressure on selectable consumption. But as the recovery period gradually ends and the company recovers to the growth period, we will continue to focus on three key points. First, focus on and expand the customer base under the premise of efficient operation. Second, continue to improve product power. Third, enter the industry outside the field of consumer electronics. We are well prepared to fully serve the IoT industry.