Tongdao Liepin Group

Please stand by. We are about to begin. Good day and welcome to the Tangdao Liepin Group 2025 Annual Result Conference Call. Today's call is being recorded. At this time, I'd like to turn the conference over to Catherine Zhang. Please go ahead.

Catherine Zhang Okay. Thank you, Operator. Hi, everyone. Thank you for joining us on today's conference call to discuss our results for the full year 2025. The company's financial and operating results were published and were posted on the company's IR website at ir.liepin.com. On today's call, Mr. Rick Tsai, company's chairman and CEO, will kick off with our business operations and highlights. After that, Mr. Tim Thien will continue with detailed financial review. After prepared remarks, we will be able to answer your questions. All remarks will be in Chinese followed by English translation. Before we continue, I would like to remind you that this call may contain forward-looking statements under the safe harbor provisions. Those statements are based on management's current expectations and current market and operating conditions, and related to events that involve no or are no risks, uncertainties, and other factors. all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance, or achievements to differ materially from those in the forward-looking statements. Future information regarding this and other risks, uncertainties, and factors is included in the company's filings with the Hong Kong Stock Exchange. The company does not undertake any obligations to update any forward-looking statements as a result of new information, future events, or otherwise except as required on the rule. Please note that certain financial measures that we use on this core are expressed on a non-GAAP basis. Our GAAP results and the reconciliation of GAAP to non-GAAP measures can be found in our earnings class release. I will now turn the floor over to our chairman and CEO, Rick. Please go ahead, sir.

Hello, investors. I would like to welcome you all to the 2025 annual Liepin Group Conference. On behalf of the Group, I would like to express my sincere gratitude to all the investors who have supported and trusted us for a long time. In the year of 2025, we faced a profound change in the macroeconomic structure adjustment and employment market. We firmly surround the group with the value of growth, and we are on the front line of AI. Under the drive of the dual-wheel drive of AI technology department and innovation operation, we have come to the turning point of business. The revenue achieved by our group this year is RMB119.86 billion, which is 4.6% lower than before. But from the previous return data, the cash return of the company in the second half of the year has achieved a direct return of the same level, showing a very low speed signal. The comprehensive interest rate increase of Xuanyuan Group increased to 76.6% and continued to rise for two consecutive years. After the income is confirmed and the interest income is reduced, the net profit of the company has been adjusted to 2.06 billion yuan, which is the same as the decline in the last quarter. Welcome to Tao Liepin Group's 20.5 Annual Results Conference Call.