Kevin Theiss – Investor Relations-Grayling Hanlin Chen – Chairman Qizhou Wu – Chief Executive Officer Jie Li – Chief Financial Officer Daming Hu – Chief Accounting Officer

Greetings, and welcome to the China Automotive Systems’ Fourth Quarter and Year-end 2012 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Kevin Theiss with Grayling. Thank you Mr. Thesis, you may begin.

Thank you for joining us today and welcome to China Automotive Systems 2012 fourth quarter and 2012 fiscal year conference call. My name is Kevin Theiss and I am with Grayling, China Automotives’ U.S. Investor Relations Advisor. Joining us today are Mr. Hanlin Chen, Chairman; Mr. Qizhou Wu, Chief Executive Officer; Mr. Jie Li, Chief Financial Officer; and Mr. Daming Hu, Chief Accounting Officer of China Automotive Systems. They will be available to answer questions later in the conference call and we will help with translation. Before we begin, I will remind all listening throughout this call we may make statements that may contain forward-looking statements. Forward-looking statements represent our estimates and assumptions only as of the date of this call. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors including those described under the heading risk factors in the Company's 10-K annual report for the year ended December 31, 2012 and under the heading risk factors in the Company's Form 10-Q for the nine months ended September 30, 2012 filed with the Securities and Exchange Commission on November 8, 2012 respectively and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. The company expressly disclaims any duty to provide updates to any forward-looking statements made in this call whether as a result of new information, future events, or otherwise. I will provide a brief overview and summary of the 2012 fourth quarter results and the year-end results. And then I will turn to management to conduct the question-and-answer session. The 2012 fourth quarter results are unaudited numbers under U.S. GAAP. For our call today, I will review the financial results in U.S. dollars. After difficult first half…