Q: In terms of profitability, the company's operating losses narrowed in the third quarter. How should we view the trend of the company's gross profit rate and OP profit rate, what other costs can be further controlled, and what are the company's profit and loss balance goals? A: Chen Rui/CEO last year put forward the goal of achieving profit and loss balance by 2024, which will not change. At present, loss reduction is one of the most important tasks of the company. In terms of cost reduction, IT, unit bandwidth cost and market expense have achieved results. Next, we will continue to focus on the greater reduction of market costs, including the reduction of the company's internal management and R&D costs. In terms of management efficiency, the company will reduce the investment in non core businesses and improve the investment in core businesses, especially focusing on the areas that can improve the commercial efficiency, while optimizing the organizational structure, reducing fat and increasing light, which has been promoted now, and the results will be seen in the first quarter of next year$Bilibili Inc.(BILI)$
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