Full Year 2019 Vinda International Holdings Ltd Earnings Call Transcript
Welcome to Vinda's 2019's Annual Result Briefing. We would like to introduce our management on stage: Mr. Li Chao Wang, Chairman; Mr. Christoph Michalski, CEO; Ms. Vicky Tan, CFO.
We would like to invite Mr. Li to start his opening remark, then Christoph and Vicky will provide more updates on business and financial performance. And after that, we will open Q&A session.
Mr. Li, please.
[Interpreted] Good morning, ladies and gentlemen. Thank you for joining Vinda's 2019 Annual Result Briefing today. As the Chinese New Year is approaching, on behalf of the management team of Vinda, I would like to wish you a prosperous 2020.
Into 2019, despite facing the challenges from the continuous Sino-U. S. trade dispute, keen market competition and RMB fluctuation, the group continued to record encouraging results. We achieved a significant increase in
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