Hello ladies and gentlemen. Thank you for standing by for Neo Incorporated's first quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. I will now turn the call over to your host, Mr. Ray Chen, Head of Investor Relations of the company. Please go ahead, Ray. Good morning and good evening, everyone. Welcome to NIO's first quarter 2025 earnings conference call. The company's financial and operating results were published in t ...