Canaan (CAN) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

May 19, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for standing by and welcome to Canaan Inc.'s First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded.

Now, I'd like to hand the conference over to your speaker host today, Ms. Xi Zhang, Investor Relations Manager of the Company. Please go ahead, Ms. Zhang.

Xi Zhang

Thank you, operator. Hello, everyone, and welcome to our earnings conference call. The company's financial and operating results were released by our newswire services earlier today and are currently available online.

Joining us today are our Chairman and CEO, Mr. Nangeng Zhang; and our CFO, Mr. James Jin Cheng. In addition, our -- Mr. Xiaoming Lu, our SVP, Mr. Leo Wang, IR Senior Director, Mr. Clark Soucy, IR Director, will also be available during the question-and-answer session. Mr. Zhang will start the call by providing an overview of the company and performance highlights for the quarter. Mr. Cheng will then provide details on the company's operating and financial results for the period before we open the call up for your questions.

Before we continue, I would like to refer you to our Safe Harbor statement in our earnings press release. Today's call will include forward-looking statements. These statements include, but not limited to, our outlook for the company, and statements that estimate, or project future results of operations, or the performance of the company. These statements speak only as of the date hereof and the company assumes no obligation to revise any forward-looking statements that may be made in today's press release, call or webcast, except as required by law. These statements do not guarantee future performance and are subject to risks, uncertainties, and assumptions. Please refer to the press release and the risk factors and documents we file with the SEC, including our most recent annual report on Form 20-F for information on risks uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements.

In addition, during today's call and webcast, we will discuss both GAAP financial measures and certain non-GAAP financial measures, which we believe are useful as supplemental measures of the company's performance. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP measures -- from GAAP measure results. You can find additional disclosure regarding these non-GAAP measures including reconciliations with comparable GAAP measures -- GAAP results in our earnings press release, which is posted on the company's website.