Fangdd Network Group Ltd. (DUO) Q1 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by and welcome to Fang Duo Duo Network Group Limited's first quarter 2021 earnings call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, we will have a question and answer session. Please note that this event is being recorded. Now I'd like to hand the conference over to your speaker host today, Ms. Linda Lee. the company's director of capital markets. Thank you. Please go ahead, Linda. Thank you, operator. Hello, everyone, and thank you for all joining us on today's call. The company has announced its first quarter 2021 financial result today. An earning release is now available on the company's IR website. Today, you will hear from our co-CEO, Mr. Zheng Xi, who will start a call with an overview of the current industry dynamics and the details of our development strategies in the quarter. Afterwards, our CFO, Mr. Pan Jiaorong, will go over the financials before we open up to call for questions. Our management team will deliver their remarks in Chinese, and I will provide English translations. Before we continue, we would like to refer you to our safe harbor statement. in our earnings call release, earnings press release, please apply this call as we will be making forward-looking statements. Please also note that we will discuss non-GAAP measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under the generally accepted accounting principles in our earnings release and the filing with the SEC. With that, I will now turn the call over to our co-CEO, Mr. Zheng Xi. Please go ahead, sir. Hello, everyone. I'm Zheng Xi. Welcome to the phone call of the first quarter of 2021. First of all, let's talk about the changes in the ...