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Ladies and gentlemen, thank you for standing by, and welcome to the China Sunergy Fourth Quarter 2011 Conference Call. At this time, all participants are in a listen only mode. There will be a presentation followed by a question-and-answer session. (Operator Instructions) I must advise you that this conference is being recorded today, 16th of March 2012.
I will now like to have the conference over to your first speaker for today, Ms. Elaine Li. Ma’am, please go ahead.
Thank you, operator, and welcome to China Sunergy’s Fourth Quarter and Full Year 2011 Earnings Conference Call. This is Elaine speaking, China Sunergy’s Senior Investor Relations Manager. With us today are China Sunergy’s CEO, Mr. Stephen Cai; and CFO, Mr. Yongfei Chen.
Today, before the market opened, the company issued a press release announcing our fourth quarter financial results and our guidance update for the first quarter and the full year 2012. The press release is also available on our Investors section of the China Sunergy website at www.chinasunergy.com. In addition, we have posted a presentation for this call on our website.
Today, we’ll be closely following and referring to that presentation in our prepared remarks. Stephen will first present an overview of our first quarter and full year results and discuss our 2012 strategy, and then our CFO, Mr. Chen will explain our financial results in more detail. Afterwards, they will be available to take questions.