Tuya Inc.

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

Thank you. Hello, everyone. Welcome to our fourth quarter 2024 earnings call. Joining us today are founder and CEO of Tuya, Mr. Jerry Wang, and our co-founder and CFO, Ms. Alex Yang. The fourth 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 announcement, 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 translation. So, Jerry, please.

Hello, everyone. Thank you for attending the Q4 and 2024 business development conference. In 2024, we achieved nearly 30% of revenue growth and two major financial milestones. One is the first-ever non-GAAP business quarter and annual profit. The other is the first-ever non-GAAP net profit. These two indicators proved the unique business model of Tuya, Hello, everyone.