
Financial Data and Key Metrics Changes - In Q3 2022, total revenue reached RMB565.2 million, up 12% year-over-year and 10% quarter-over-quarter, marking a new record high [21][22] - Net income was RMB19.8 million, a 5% increase sequentially, achieving profitability for the fourth consecutive quarter [8][21] - Gross profit increased to RMB189.1 million, representing a 25% year-over-year growth, with gross margin rising to 33% from 30% in Q3 2021 [23] Business Line Data and Key Metrics Changes - The average monthly active users (MAUs) totaled 49.7 million, with average monthly paying users at 477,000 [7] - The interactive audio entertainment business saw MAUs grow to 9.5 million, with a user penetration rate of 19.1% [10] - Revenue from the audio entertainment business was driven by increased average user spending [22] Market Data and Key Metrics Changes - The average daily time spent per user increased by 34% year-over-year, and the monthly average user group participation rate rose 94% year-over-year [14] - The number of pairs of friend connections grew by 56% compared to the same period last year [14] Company Strategy and Development Direction - The company is focusing on enhancing its globalization capabilities and optimizing its product matrix ecosystem [13] - A new mission and vision were announced to become the world's biggest audio platform, emphasizing user connection and happiness [19] - The company aims to leverage core technology capabilities to achieve breakthroughs in international business [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in stable growth and sustainable development despite challenging macro conditions [36][37] - The domestic business is expected to have tremendous growth potential, with plans to increase user penetration and conversion rates [36] Other Important Information - The company is actively working on obtaining ISO-27001 and ISO-27701 certifications for data security and privacy management [18] - Investment in overseas operations accounted for no more than 10% of total operating expenses in Q3 2022 [33] Q&A Session Summary Question: Insights on overseas business development and investment expenses - Management highlighted a focus on product development, technology, and team building for overseas markets, with investment expenses being a small portion of total operating costs [31][33] Question: Thoughts on domestic product profitability amid low growth - Management noted that the audio entertainment business is relatively mature and emphasized the importance of timely strategy adjustments to improve operational efficiency and profitability [35][36]