Canaan Inc. (NASDAQ:CAN) Q2 2023 Earnings Call Transcript August 29, 2023 8:00 AM ET

Company Participants

Clark Soucy - IR Director

Nangeng Zhang - Chairman and CEO

James Jin Cheng - CFO

Conference Call Participants

Mike Legg - The Benchmark Company

Kevin Dede - H.C. Wainwright

Shuang Zhang - Guosen Securities

Operator

Ladies and gentlemen, thank you for standing by and welcome to Canaan Inc.’s Second Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the management's prepared remarks, we will have a question-and-answer session. Please note that this event is being recorded.

Now I'd like to hand the conference over to your speaker host today, Mr. Clark Soucy, Investor Relations Director of the company. Please go ahead, Clark.

Clark Soucy

Thank you. Hello, everyone, and welcome to our earnings conference call. The company’s financial and operating results for the second quarter 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, Mr. Leo Wang, IR Senior Director and Ms. Xi Zhang, IR Manager, 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 up the call 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 are 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 thereof 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 Securities and Exchange Commission, 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.