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| Junling Liu | executive |
| Yang Chen | executive |
| Xipeng Feng | analyst |
Hello, everyone, and thank you for joining 111's conference call today.
On the call today from the company are Dr. Gang Yu, Co-Founder and Executive Chairman; Mr. Junling Liu, Co-Founder, Chairman and CEO; and Mr. Luke Chen, CFO of 111's major subsidiary; and Mr. reminder, call a live being COO.As webcast. via Wang, today's is conference broadcast Haihui press distributed forward-looking conditions the release together based earnings this and provisions Litigation factors, Reform started, company's cause to uncertainties The market was Act upon are of you management's materially. remind under earnings the differ call Securities that are the statements current let website.Before harbor me with may earlier presentation risks, available current made IR results Private actual involve the and all on that XXXX.Such contain company's operating relate events call conference unknown gets would known and statements the expectations of and to of and today, which other safe and
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the improve margin growth has further that to are capital the that loss. company. is improve company narrowing and be company's does understand first will the What's on market? seeing to and The The second company future we is the the the that your privatization what that plan the profitability? to group terminated future What plan buyer of we mean is
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those same to launch generation this provides also, are inventory, price, value-added a their sales new manage these system cetera. more which services at will big to get thirdly, bring structure. to for balance maybe profits to our will AI high-velocity all manage optimize and better our us enable a to portfolio with going healthy-margin those much products. and partners low-margin we And products. time, partners technology And our those assortment product services.And to which will our our data, et continue value-added traffic, drive more it and products, of Funding Through but We effective help more profits. together the their JBP, robust are also of we some our very
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on closing, help understand management model growing to create on team this will delivering door to continue The to focus the Yeah, status investors interest and business committee in listing the capital will Bayer our to the potential thank management in means the business call. for on you. be continue XXX has to special entire officially profitability the will meetings today's questions. Thank them conduct of and We our for company a management, value to Group the open.As for like That and we behalf latest time more of is will market existing In participation regarding longer that the notified previously think keep update that public good team, company. the no of your company as privatization, the it its announced, we'd maintain all have company it's And NASDAQ. the and development. shareholders.Operator: the them pursue privatization the the for you we with to continue to and
concludes If for you today. require any in This company further China, let in information Shanghai, call or visiting know. the XXX joining call. any you the interest please have our Thank
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