E-Commerce China Dangdang Inc. (DANG)
Q2 2012 Earnings Call
August 16, 2012 8:00 AM ET
Maria Xin – IR Director
Peggy Yu Yu – Co-Founder and Executive Chairwoman
Susan Zhang – Financial Reporting Director
Fawne Jiang – Brean, Murray
Philip Wan – Morgan Stanley
George Chang – Macquarie
Emma Zhao – ROTH Capital
Ida Yu – CICC
Tian Hou – TH Capital
Wallace Cheung – Credit Suisse
Andy Yeung – Oppenheimer
Andrew Marok – Cowen Group
Alicia Yap – Barclays
Muji Li – Citigroup
Hello, ladies and gentlemen. This is Desmond, and I’ll be tele-operator for this conference call. I would like to welcome everyone to E-Commerce China Dangdang Second Quarter 2012 Earnings Conference Call. All lines have been placed on mute to prevent background noise. After the presentation, there will be a question-and-answer session. (Operator Instructions)
Now, I would like to turn the call over to Ms. Maria Xin, Investor Relations Director of Dangdang. Please proceed.
Thank you, and welcome to our second quarter 2012 earnings conference call. Joining me on the call today are Peggy Yu Yu, Executive Chairwoman and Susan Zhang, Financial Reporting Director. For today’s agenda, management will discuss highlights for the second quarter of 2012. This will be followed a question-and-answer session.
Before we continue, I refer you to our Safe Harbor statement in our earnings press release, which applies to this call as we will make forward-looking statements. Also, this call includes discussion of certain non-GAAP financial measures.
Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to the mostly direct comparable GAAP measures. Finally, please note that unless otherwise stated, all figure mentioned during this conference call are in renminbi.