ZKH Group Limited

Ladies and gentlemen, good day and welcome to ZKH Group Limited's first quarter 2025 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, and welcome to our call today. Joining us today are Mr. Eric Chen, our founder, chairman, and chief executive officer, and Ms. Max Lai, our chief financial officer. Before turning the call over to Eric, I'd like to briefly review our Safe Harbor provisions. Please note that the comments made during today's call represent management views as of today and may include forward-looking statements. Please refer to our latest safe harbor statement in the earnings release on our IR website. We will also discuss certain non-GAAP financial measures for comparison purpose only. Please refer to the earnings release for definitions of these measures and a reconciliation of GAAP to non-GAAP results. With that, I will now turn the call over to Eric. Eric, please go ahead.

大家好,欢迎各位参加政宽行2025年第一季度业绩发布会。 一季度,我们的平台保持高度活跃, 总成交客户数超过了6万家, 同比增长30%变3。 行业大客户和区域中小型客户的销售 均录得双位数的增长, In the second half of last year, the number of sales in the first quarter of this year has dropped significantly compared to the number of sales in the same period last year. Therefore, in the first quarter, our total income is 19.4 billion yuan, which is 4% of the total growth.