Hello, ladies and gentlemen, and welcome to participate in Orient Paper's First Quarter of 2017 Earnings Conference Call. At this time, I would like to inform you that this conference is being recorded. [Operator Instructions] Joining us today are Mr. Zhenyong Liu, Orient Paper's Chairman and Chief Executive Officer; and Ms. Jing Hao, the company's Chief Financial Officer. Remarks from both Mr. Liu and Ms. Hao will be delivered in English interpreters. Orient Paper announced its first quarter of 2017 and financial results via press release yesterday, which can be found on the company's website at www.orientpaperinc.com. First, Mr. Liu will brief you on the company's key operational highlights over the first quarter of 2017, and then Ms. Hao will review the company's financial results. Before we start, I would like to draw your attention to our safe harbor statement. Management's prepared remarks contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to anticipated revenues from corrugating medium paper, tissue paper, offset printing paper business segments; the actions and initiatives of current and potential competitors; the company's ability to introduce new products; the company's ability to implement capacity expansion; market acceptance of new products; general economic and business conditions; the ability to attract or retain qualified senior management and personnel and research -- ability -- company's ability to introduce new products and the company's ability to implement capacity expansion; market acceptance of new products; general economic and business conditions; the ability to attract and retain qualified senior management personnel and research and development staff; and other risks detailed in the company's filings with the Securities and Exchange Commission. These forward-looking statements…

Thank you, operator. And good morning, everyone. Thank you for joining our First Quarter 2017 Earnings Conference Call. Our revenue decreased by 9.4% to $25.3 million for the first quarter, with a decrease in sales volume across all products categories as a result of a government-mandated temporary restriction on production that has been in place since November 2016. However, margins and profitability improved significantly in the first quarter, thanks to continued uptick in average selling prices for regular CMP as well as decrease in operating expenses. Over the past few months, we have seen continued uptick in prices for paper products. On the other hand, cost of sales has decreased significantly due to the use of new recycled raw material and the use of natural gas to replace coal as an alternative energy source in our production. Looking ahead, where we continue to face the uncertainties of government-mandated production restriction and suspension from time to time, we expect the overall price environment to remain relatively stable for the remainder of the year. Now I will turn the call over to our CFO, Ms. Jing Hao, who will review and comment on the first quarter financial results. Her comments will be delivered in English by Janice Wang. Janice, please go ahead.

Thanks, Tony. And thanks, everyone, for being on the call. Next on behalf of the management team, I will summarize some key financial results for the first quarter of 2017. Also, I will [ occasionally ] refer to specific production lines associated with various products. I will make clear to which products I'm referring to. For reference, though, the numbering system for our production line is provided in our earnings press release; and on Slides #17, the earnings call presentation. Now I will look -- let's look at our financial performance for the first quarter of 2017. Please turn to Slide #7. For the first quarter of 2017, total revenues decreased 9.4% to $25.3 million due to the decrease in sales volume for offset printing paper, lightweight CMP and tissue paper products. Turning to Slide 8. For the first quarter of 2017, the CMP segment, including both regular CMP and lightweight CMP, generated revenue of $21.7 million, representing 85.7% of total revenue. $19.5 million of revenues is from our regular CMP products, and $2.2 million was from lightweight CMP. Volumes for CMP segment decreased by 8.9% to 52,815 tonnes, of which 47,792 tonnes was regular CMP and 5,023 tonnes was lightweight CMP. Average selling price or ASP for regular CMP increased by 25.6% to $407 per tonne, while ASP for lightweight CMP increased 32.9% to $440 per tonne. Turning to Slide 9. For the first quarter of 2017, our offset printing paper segment generated revenue of $2.9 million, representing 11.6% of total revenue. We shipped 4,756 tonnes offset printing paper in the first quarter, decreased 56.3% from the same period of last year. ASP for offset printing paper also decreased by 6.1% to $615 per tonne. Turning to Slide 10. For the first quarter of 2017, tissue paper segment generated…

Thank you for attending Orient Paper's First Quarter 2017 Earnings Conference Call. This concludes our call today, and we thank you for all listening in. Goodbye.