you you conference is now being recorded. Good day. Ladies and gentlemen, hello everyone. Welcome to the Alibaba Group's 2025 financial year conference. The conference is divided into two parts, the management floor speech and Q&A. At the moment, the channels you are calling are only available in Chinese. If you have any questions, please call the number on the screen. Thank you for your attention. Now I will hand over the microphone to Lydia Liu, Director of Investor Relations at Alibaba Group. Hello, ever ...