Jianpu Technology Inc. (NYSE:JT) Q3 2023 Earnings Call Transcript


Jianpu Technology Inc. (NYSE:JT) Q3 2023 Earnings Call Transcript November 24, 2023

Operator: Good day, and welcome to the Jianpu Technology Inc. Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. I’d now like to turn the conference over to Liting, Head of IR. Please go ahead.

Liting Lu: Thank you, operator. Hello, everyone, and thank you for joining us today. Our third quarter 2023 earnings release were distributed today earlier and is available on our IR website at ir.jianpu.ai as well as on PR Newswire services. On the call today from Jianpu Technology, we have Mr. David Ye, Co-Founder, Chairman and Chief Executive Officer; and Mr. Oscar Chen, Chief Financial Officer. Mr. Ye will talk about the operations and the company highlights followed by Mr. Chen, who will discuss the financials. They will all be available to answer your questions during the Q&A section that follows. Before we begin, I’d like to remind you that this conference call contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995.

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These forward-looking statements are based on management’s current expectations and current market and operating conditions and relates to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the company’s control. These risks may cause the company’s actual results or performance to differ materially. Further information regarding this and other risks, uncertainties or factors is included in the company’s filings with the U.S. SEC. The company does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise, except as required under the applicable law. Finally, please note that unless otherwise stated, all figures mentioned during the conference call are in RMB.

It is now my pleasure to introduce our Co-Founder, Chairman and Chief Executive Officer, Mr. David Ye. David, please go ahead.

David Ye: Thank you, Liting. Hello, everyone. And thank you, everyone, and thank you all for joining us today. As a company dedicated to embracing new technology, we are constantly exploring ways to improve our productivity and efficiency. Today, I’m glad to use a trained AI assistant to work through my CEO scripts. The next part of my presentation will be delivered using an AI-generated voice. That has been approved by our team and myself. Thank you, everyone, for being with us today. The macroeconomy showed signs of improvement in the third quarter as GDP grew 4.9% year-over-year, surpassing market expectations. Total social financing, a broad measure of credit and liquidity in the economy continue to increase sequentially, standing at [RMB372.5 trillion] at the end of the third.

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