Tuya Inc.

Good day and thank you for standing by. Welcome to the TUYA Inc. second quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 11 on your telephone. You will then hear an automated message advising you your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to Turn the call over to your first speaker for today, Mr. Reg Chai, Investor Relations Director of Tuya. Please go ahead, sir.

Okay, thank you. Hello, everyone. Welcome to our second quarter 2024 earnings poll. Joining us today are founder and CEO of Tuya, Ms. Jerry Wang, our current CFO, Ms. Tracy Liu, and our co-founder and incoming CFO, Alex Yang. The second quarter 2024 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 IR 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. Jerry Wang. Jerry will deliver his remarks in Chinese, which will be followed by corresponding English translations.

Hello, everyone. Thank you for attending Tuya's second quarter earnings conference. Hello, everyone. Thank you for joining Tuya's 2024 second quarter earnings conference call. Tuya's second quarter earnings conference call. Tuya's second quarter earnings conference call. to continue to reflect our value proposition and product advantages. Further, we have realized the operating profit of the company's first-ever digital non-GAAP, and achieved an operating profit rate of about 10%. This is a low level of service. Not only does it explain the financial certification of Tuya 3.0 model, but it also emphasizes the great sense of operating value of Tuya's business, The second quarter of 2024 was another milestone for Tuya, with our revenue continuing to meet expectations and achieving a robust year-over-year growth of approximately 29%. Our claim-made business segments maintained a strong