Luckin Coffee Inc

Ladies and gentlemen, welcome to Luckin Coffee's third quarter 2022 earnings conference call. All participants will be in listen-only mode during management's prepared remarks, and there will be a question and answer session to follow. Today's conference is being recorded. At this time, I'd like to turn the call over to Mr. Bill Zimmer at ICR for opening remarks and introductions. Please go ahead, sir.

Hello, everyone, and thank you for joining us on today's call. Luckin Coffee announced its third quarter 2022 financial results earlier today. A press release is now available on the company's IR website at investor.lkcoffee.com. Today, you will hear from Jingyi Guo, Chairman and CEO of Luckin Coffee and Jing An, CFO of Luckin Coffee. After the company's prepared remarks, the management team will conduct a question and answer session based on questions submitted via the company's webcast. And this Q&A session will also be joined by Reinhard Schackel, CSO of Luckin Coffee. As a reminder, investors can submit questions via the ask a question section on the bottom of the webcast during the call. We will be referring to a slide presentation on today's call, which can be found via conference call webcast link, as well as on the company's IR website. Again, the IR website link is investor.lkcoffee.com. During this call, the company will be making some forward-looking statements regarding future events and results. Statements are not historical facts, including but not limited to statements about the company's beliefs and expectations are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the company's filings with the SEC. With respect to any non-GAAP measure discussed during the call today, the accompanying reconciliation information related to those measures can be found in the earnings press release issued earlier. During today's call, Dr. Guo will speak in Chinese and his comments will be translated into English. Now, I would like to turn the call over to Dr. Jinyi Guo, Chairman and CEO of Luckin' Coffee. Dr. Guo, please go ahead.

Hello, everyone. Welcome to today's business communication. Thank you for your continued attention and support for Yixing Coffee. I am the CEO of Yixing Coffee, Guo Jingyi. I am very happy to meet you again. Although the three seasons have been affected by local epidemic prevention and control, our epidemic growth is still very strong. Once again, it proves that moon coffee is a solid and resilient business model, and it also proves the wide space of the Chinese coffee market. As I have always said, we believe that the Chinese coffee market has a very high potential increase in the market. we will continue to focus and focus on the coffee track, constantly strengthening the confidence of consumers. This is also the long-term development strategy of the company. At the same time, in the face of intense market competition, we are very confident that through powerful brand, supply chain, digitalization, and door-to-door scale, etc., we will have the advantage of maintaining reasonable profits. On the basis of this, we will pay more attention to healthy and sustainable performance growth, and continue to expand the market share and lead the advantage.