Sophie Li | Director of IR |
Meisong Lai | Director CEO |
Huiping Yan | CFO |
Thomas Chong | Jefferies |
Tianxiao Hou | TH Capital |
Ronald Keung | Goldman Sachs |
Hello, and welcome to the ZTO Express Conference Call to Announce Fourth Quarter and Fiscal Year 2020 Financial Results. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Sophie Li, Director of Investor Relations; with Meisong Lai, Director and CEO; and Huiping Yan, CFO.