Luckin Coffee Inc

Ladies and gentlemen, welcome to Luckin Coffee's third quarter 2023 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 would like to turn the call over to Ms. Alicia Guo, the head of investor relations of Luckin Coffee, for prepared remarks and introductions. Please go ahead, Alicia.

Hello, everyone, and thank you for joining us on today's call. Locking Coffee announced its third quarter 2023 financial results earlier today. Today, you will hear from Dr. Guo Jingyi, chairman and CEO of Locking Coffee. Ms. An Jing, CFO of Locking Coffee, and Mr. Reynald Shackle, CSO of Locking 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. We will be referring to a slide presentation on today's call, which can be found via a conference call webcast link, as well as on the company's IR website. The IR website link is investor.lkcoffee.com. During today's call, the company will be making some forward-looking statements regarding future events and results. Statements that 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 measures 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. Guo Jingyi, Chairman and CEO of Locking Coffee. Dr. Guo, please go ahead.

大家好,欢迎参加今天的业绩沟通会。 感谢各位对瑞幸咖啡的持续关注与支持。 我是瑞幸咖啡的董事长兼CEO郭景一。 In the third quarter of this year, in the face of a fierce industry competition environment, Ruixin Coffee achieved a high-speed growth in revenue with its unique business model, endless product innovation and scale advantages. This quarter, the number of Ruixin Coffee stores and new paid users quickly rose, creating a new high in history. At the same time, Ruixin continues to give back to consumers, through the 10,000-storey Tongqing discount event, allowing consumers to enjoy high-quality coffee at a more affordable price. This quarter, we have also successfully created a phenomenon-level exposure product, and refreshed the record of Ruixin single products. In the future, we also want to steadily advance according to established strategies, while returning customers, constantly expanding market share, and continuing to bring high-quality, high-efficiency, and high-performance quality coffee to consumers, promoting the continued development of the Chinese coffee market.