Baidu announced its financial report for the third quarter of 2024 yesterday, showing total revenue of 33.6 billion RMB, a 3% decrease compared to the same period last year. In terms of net profit, Baidu's net profit attributable to the company was 7.6 billion RMB, while the non-GAAP net profit was 5.9 billion RMB. During the subsequent earnings conference call, Baidu's senior management, including Chairman and CEO Li Yanhong, President of the Mobile Ecosystem Group Luo Rong, President of the Intelligent Cloud Group Shen Dou, and Acting CFO He Junjie, provided detailed insights on the highlights of the report.