Canaan Inc. (CAN) Q3 2024 Earnings Call Transcript

Canaan Inc. (NASDAQ:CAN) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET

Company Participants

Gwyn Lauber – Investor Relations Director
Nangeng Zhang – Chairman and CEO
James Cheng – CFO

Conference Call Participants

Kevin Cassidy – Rosenblatt Securities
Nick Giles – B. Riley Securities
Kevin Dede – H.C. Wainwright

Operator

Ladies and gentlemen, thank you for standing by and welcome to Canaan Inc.’s Third Quarter of 2024 Earnings Conference Call. At this time, all participants are in a 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, Ms. Gwyn Lauber, Investor Relations Director of the company. Please go ahead, Gwen.

Gwyn Lauber

Thank you. Hello, everyone, and welcome to the earnings conference call. Joining us today are our Chairman and CEO, Mr. Nangeng Zhang; and our CFO, Jin “James” Cheng. Leo Wang, Vice President of Capital Markets and Corporate Development, and Xi Zhang, Senior Manager of IR, will also be available during the question-and-answer session.

Our CEO will start the call by providing an overview of the company and performance highlights for the quarter. Our CFO will then provide details on the company’s operating and financial results for the period before we open up the call for questions.

Before we begin, 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 operating results or the performance of the company. These statements speak only as of today 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