Kuaishou Technology B (KUASF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.576 Good day, ladies and gentlemen. Thank you for standing by. 00:00:03.576 -- 00:00:08.802 Welcome to the Kuaishou Technology Third Quarter 2025 Financial Results Conference 00:00:08.802 -- 00:00:14.109 Call. Please note that English simultaneous interpretation will be provided 00:00:14.109 -- 00:00:19.857 for management's prepared remarks. This English line will be in listen-only 00:00:19.857 -- 00:00:23.161 mode. I will now turn the call over to Mr. 00:00:23.161 -- 00:00:28.229 Matthew Zhao, VP of Capital Markets and IR at Kuaishou Technology. 00:00:28.229 -- 00:00:31.052 Thank you, operator. Good evening and good morning to everyone. 00:00:31.052 -- 00:00:35.717 Welcome to Kuaishou Technology Third Quarter 2025 Financial Results Conference Call. 00:00:35.717 -- 00:00:38.478 Joining us today are 00:00:38.560 -- 00:00:43.205 Mr. Cheng Yi Xiao, co-founder, chairman, and CEO, Mr. 00:00:43.205 -- 00:00:48.291 Jin Bing, our CFO. Before we start, please note that today's discussion 00:00:48.291 -- 00:00:52.535 may contain forward-looking statements which involve a number of risks and uncertainties. 00:00:52.535 -- 00:00:56.107 Actual results and outcomes may be different from those discussed. 00:00:56.107 -- 00:01:00.593 The company does not undertake any obligation to update any forward-looking information 00:01:00.593 -- 00:01:04.978 except as recorded by law. For important information about this call, including forward-looking 00:01:04.978 -- 00:01:10.045 statements, please refer to the company's public information or third quarter 2025 00:01:10.045 -- 00:01:14.390 results announcement added September 30, 2025, issued earlier today. 00:01:14.390 -- 00:01:19.337 During today's call, management will also discuss certain non-FRS measures....