Kingsoft Corp Ltd Adr

Good day and thank you for standing by. Welcome to the Q2 2023 Kingsoft Corporation earnings conference call. At this time all participants are in 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 1 and 1 on your telephone and you will then hear an automated message advising your hand is raised. To withdraw your question please press star 1 and 1 again. And please be advised, today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Francie Liu. Please go ahead.

Thank you. Ladies and gentlemen, good evening and good morning. I would like to welcome everyone to our 2023 second quarter and income results earnings call. I'm Francie Liu, the IR Director of Kingsoft. I would like to start by reminding you that some information provided during the earnings call may include forward-looking statements which may not be relied upon in the future for various reasons. These forward-looking statements are based on our own information and information from other sources which we believe to be reliable. Please refer to the other publicly disclosed documents for detailed discussion on risk factors which may affect our business and operations. Having said that, please allow me to introduce our management team who joined us today. Mr. Zhou Tao, our Executive Director and CEO, and Ms. Li Yi, our acting CFO. Now I'm turning the call to Mr. Zhou. Okay.

Hello, everyone. In the second quarter of 2023, our core business will develop steadily. Jinshan Office Group will seize the opportunity to develop the large language model, actively invest in the product development in the large language model field, and improve the efficiency of the user office. At the same time, the deep service organization The user's digital transformation needs. Surrounding multi-screen, cloud, content, AI cooperation strategy. Business performance achieves steady growth. Game business focuses on developing high-quality games. The flagship game, Overwatch 3, is still popular with players. The season is flowing, and the history is high. The 20-year-old game, Chen Bai Jin Qu, has expanded the user circle and entered the overseas market. and showed our determination to explore new products and the global market. The steady development of our core business has provided a solid foundation for our strategic execution. In the second quarter, we achieved a strong financial performance. The total revenue reached RMB21.93 billion, which increased by 20% compared to the previous year. The outstanding performance of Jianlang3 and Jinshan Office Group I would like to translate for Mr. Zhou.