Q2 2019 Cango Inc Earnings Call Transcript
Good morning, and good evening, everyone. Welcome to the Cango, Inc.'s Second Quarter 2019 Earnings Conference Call. (Operator Instructions) This call is also being broadcast live on the company's IR website. Joining us today are Mr. Jiayuan Lin, Chief Executive Officer; and Mr. Yengzhin Lee (sic) [Yongyi Zhang], Chief Financial Officer of the company. Following management's prepared remarks, we will conduct the Q&A session.
Before we begin, I refer you to the safe harbor statement in the company's earnings release, which also applies to the conference call today, as management will make forward-looking statements. Please note that this call is being recorded.
I would now like to turn the conference over to Mr. Jiayuan Lin, CEO of Cango. Please go ahead, sir.
[Interpreted] Hello, everyone. Welcome to Cango's Second Quarter 2019 Earnings Call today.
During the first half of 2019, China's automotive industry continued to underwhelm due to the decelerating macroeconomic
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