Kuaishou Technology B (KUASF) Q1 2026 Earnings Call

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WEBVTT 00:00:01.381 -- 00:00:06.967 And this meeting is being recorded. 00:00:07.050 -- 00:00:11.093 And now I'll turn 00:00:17.126 -- 00:00:19.126 the 00:00:20.632 -- 00:00:26.221 call over to Mr. Matthew Zhao, VP of Capital Market and IR at Quashel. 00:00:26.221 -- 00:00:28.804 Thank you, Arbiter. Good evening and good morning, everyone. 00:00:28.804 -- 00:00:32.107 Welcome to Budget Technology Q1 2096 Financial Results Conference Call. 00:00:32.107 -- 00:00:34.690 Joining us today are Mr. 00:00:34.690 -- 00:00:38.372 Cheng Yixiao, Co-Founder, Chairman and CEO, 00:00:39.695 -- 00:00:44.780 and Mr. Xinbin Xiaobo. Before we start, please note that 00:00:44.780 -- 00:00:48.965 today's discussion may contain forward-looking statements which involve a number of risks 00:00:48.965 -- 00:00:54.528 and uncertainties. Actual results and outcomes may differ from those discussed. 00:00:54.841 -- 00:00:59.951 The company does not undertake any obligations to update any forward-looking information, 00:00:59.951 -- 00:01:04.701 except as required by law. All important information about this call and forward-looking 00:01:04.701 -- 00:01:08.187 statement is referred to the company's public information. 00:01:08.187 -- 00:01:13.237 All first quarter 2026 results announced and ended March 31, 2020, as issued earlier 00:01:13.237 -- 00:01:19.160 today. So in today's core management, we'll also discuss certain non-FRS financial results. 00:01:19.160 -- 00:01:23.026 These are provided for additional information and should not replace the FRS-based financial 00:01:23.026 -- 00:01:27.773 results for a definition of non-FRS financial measures or reconciliation of the FRS to 00:01:27.773 -- 00:01:30.817 non-FRS financial results and related risk factors. 00:01:30.817 -- 00:01:35.023 Pleas...