Huawei is a global leader of ICT solutions. Continuously innovating based on customer needs, we are committed to enhancing customer experiences and creating maximum value for telecom carriers, enterprises, and consumers. Our telecom network equipment, IT products and solutions, and smart devices are used in 170 countries and regions. In 2017, The company's total annual revenue was CNY603.6 billion (US$92.5 billion) based on year-end exchange rates, an increase of 15.7% over 2016. Net profits were CNY47.5 billion (US$7.3 billion), an increase of 28.1% year-on-year. In 2017, Huawei's annual investment in research and development reached CNY89.7billion (US$13.8 billion), up 17.4% compared with 2016. The company's total R&D spend over the past decade has exceeded CNY394 billion (US$60.4 billion). More than 45% of our 180,000 employees engage in R&D. A synergy was created between our Huawei and Honor brands. In 2017, Huawei shipped a total of 153 million smartphones (including Honor phones). We are firmly positioned among the top three phone makers in the world. We released the HUAWEI Mate 10 – the first smartphone with an embedded AI chipset. The Huawei Innovation Research Program (HIRP) has involved over 400 research institutions and 900 companies in more than 30 different countries and regions. We collaborate on joint innovation projects relating to 5G algorithms, AI technology, network intelligence, nanomaterials, and other cutting-edge technologies. These efforts in technological innovation helped us make breakthroughs and drive industry development and business success. Leveraging our experience and expertise in the ICT sector, we help bridge the digital divide and promote high-quality broadband connectivity for all. As an advocate of socioeconomic sustainability, we make every effort to support secure and stable network operations, and help customers and industries improve efficiency to drive low-carbon economic growth. By localizing our operations and building a global value chain, we help local innovators maximize their global value and share win-win outcomes.