Microvast Holdings, Inc. (MVST) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.574 Thank you for standing by. This is the conference operator. 00:00:03.574 -- 00:00:08.479 Welcome to MicroVAS's full year 2025 earnings call. 00:00:08.479 -- 00:00:13.204 As a reminder, all participants are in listen-only mode, and the conference is being 00:00:13.204 -- 00:00:18.569 recorded. I would now like to turn the conference over to MicroVAS Investor Relations. 00:00:18.569 -- 00:00:21.069 Please go ahead. 00:00:23.193 -- 00:00:26.947 Thank you, operator, and thank you, everyone, for joining our update today. 00:00:26.947 -- 00:00:31.453 This is Rodney Worthen, Chief Financial Officer of MicroVAS, and with me on today's call 00:00:31.453 -- 00:00:35.839 is Mr. Wu, Founder, Chairman, and Chief Executive Officer of MicroVAS. 00:00:35.839 -- 00:00:40.466 Mr. Wu will start off with a high-level overview of our 2025 results before providing 00:00:40.466 -- 00:00:44.992 some operational and business updates. I will then discuss our financials in more detail 00:00:44.992 -- 00:00:50.015 before handing it back to Mr. Wu to wrap up with our outlook for 2026 and closing remarks. 00:00:50.015 -- 00:00:55.503 Ahead of this call, Microbast issued its 2025 full-year earnings press release, 00:00:55.503 -- 00:01:00.668 which can be found on the investor relations section of our website, ir.microbast.com. 00:01:01.432 -- 00:01:04.877 We have also posted a slide presentation to accompany management's prepared remarks for 00:01:04.877 -- 00:01:10.486 today's call. As a reminder, please note that this call may include forward-looking statements. 00:01:10.486 -- 00:01:13.691 These statements are based on current expectations and assumptions and should not be 00:01:13.691 -- 00:01:16.981 relied upon as representative of views for subsequent date...