Luckin Coffee Inc

Ladies and gentlemen, welcome to Luckin Coffee's third quarter 2024 earnings 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 Ms. Carol Liu of Investor Relations, manager of Luckin Coffee, for prepared remarks and introductions. Please go ahead.

Hello, everyone, and thank you for joining us today. Lacking Coffee announced its third quarter 2024 financial results earlier today. Today, you will hear from Dr. Guo Jingyi, Chairman and CEO of Lacking Coffee, and Ms. An Jing, CFO of Lacking Coffee. After the company's prepared remarks, there will be a question and answer session. We will be referring to a presentation on today's call, which can be found on the company's IR website, 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 this and other risks is included in the company's filing with the SEC. With respect to any non-GAAP matters discussed during the call today, the accompanying reconciliation information related to those matters can be found in the earnings press release issued earlier today. 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 Lackin' Coffee. Dr. Guo, please go ahead.

Hello, everyone. Welcome to today's conference. Thank you for your attention and support for Lackin' Coffee. I am Guo Jingyi, CEO and CEO of Lackin' Coffee. In the third quarter of this year, despite facing a still complex market environment, but with a unique business model, continuous expansion of scale advantages, continuous product innovation capabilities, and industry-leading brand advantages, the company's performance continues to grow steadily. For the first time, single-tool revenue has broken the one-billion mark. Income and profits have been historically high. The achievement of these achievements is inseparable from the joint efforts of all employees of Ruixin Coffee and the love and support of more than 300 million accumulated consumer users. Hello, everyone. Welcome to today's earnings conference call.