Operator

Hello, ladies and gentlemen. Thank you for standing by. Welcome to Hesai Group's First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that today's conference call is being recorded. I will now turn the call over to our first speaker today, Yuanting Shi, the company's Head of Capital Markets. Please go ahead.

Yuanting Shi
Head of Capital Markets

Thank you, operator. Hello, everyone. Thank you for joining Hesai Group's First Quarter 2026 Earnings Conference Call. Our earnings release is now available on our IR website at investor.hesaitech.com as well as via newswire services. Today, you will hear from our CEO, Dr. David Li, who will provide an overview of our recent updates. Next, our CFO, Mr. Andrew Fan, will address our financial results before we open the call for questions.

Before we continue, I refer you to the safe harbor statement in our earnings press release, which applies to this call as we will make forward-looking statements. Please also note that the company will discuss non-GAAP measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under GAAP in our earnings release and SEC filings.

With that, I'm pleased to turn over the call to