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The net margin was 1.4% in full year 2017, up 57 basis points from 0.8% in 2016. All in all, it's a very healthy year of bottom line improvement. Our free cash flow was negative RMB1.2 billion during the quarter compared to negative RMB2.2 billion in the same quarter last year.

iPhone x case Annie Leschin, Investor Relations. Ma'am, you may begin.Thank you, Operator, and good morning, everyone. Welcome to Advanced Energy's fourth quarter 2017 earnings conference call. Use the format preferred by your company. For example, if you have standard calendar or scheduling software, use it to send out invitations. Ask the recipients to respond whether or not they will be able to attend and include a "please respond by" date.iPhone x case

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