ZKH Group Limited

Ladies and gentlemen, good day and welcome to ZKH Group Limited's third quarter 2024 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Jin Li, Head of Investor Relations. Please go ahead.

Thank you, Operator. Thank you, everyone. Welcome to our call today. Joining me today on the call, I'm Mr. Eric Chung. our Founder, Chairman, and Chief Executive Officer, and next slide, our Chief Financial Officer. During this call, we will discuss our future performance, which are forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain riskers and uncertainties. Some of these riskers are beyond the company's control and could cause actual results to differ material from those mentioned in today's press release. A number of potential riskers and uncertainties are included in ZKH Group's public filings with the Securities and Exchange Commission. VKH Group does not undertake any obligation to update this forward-looking information, except as required by law. During today's call, we will also discuss certain non-GAAP financial measures for comparison purposes only. Please see the press release issued earlier today for a definition of non-GAAP financial measures and a reconciliation of GAAP to non-GAAP financial results. Eric and Max will share our business update, operating highlights, and financial performance for the third quarter of 2024. After the prepared remarks, we will have a Q&A section. With that, I will turn the call over to Eric. Eric, please. 大家好,欢迎各位参加政风行2024年第三季度业绩发布会。

In the third quarter, we are very happy to see that our business structure, quality and stability have been continuously improved. This is due to the fact that over the past few years, we have actively optimized some of the businesses that have no value in the long-term competitiveness of the company. Although these mistakes have had some short-term effects on our overall income growth, but in the long run, this strategy is more conducive to the long-term healthy development of our company's business.