Q3 2022 Cango Inc Earnings Call Transcript
Good morning and good evening everyone. Welcome to the Cango Inc.'s Third Quarter 2022 Earnings Conference Call. (Operator Instructions) Joining us today are Mr. Jiayuan Lin, Chief Executive Officer; and Mr. Yongyi Zhang, Chief Financial Officer of the company. Following management's prepared remarks, we will conduct a 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.
With that said, I'll now turn the call over to Mr. Jiayuan Lin, CEO of Cango. Please go ahead, sir.
[Interpreted] Hello, everyone, and welcome to Cango's third quarter 2022 earnings call.
In the third quarter, market conditions in China's automotive industry remained challenging due to COVID-19 resurgences across the country and the complex external operating environment. However, the change in consumption behavior brought on by the pandemic with
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