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The company's sales value in the first 10 months this year reached 78.6 billion yuan, up 30 percent year-on-year. Shimao has raised its annual target from 80 billion yuan to 88 billion yuan during its interim conference, and the company now has realized 89 percent of its improved annual sales target.

The company plans to expand its annual manufacturing capacity from 15 to 50 by adding another production line. "Once we have mass production of the aircraft, we will start research and development for a five-seat model amphibious light sports aircraft," added Mao.

The company said it continues to promote the transformation and upgrading of industrial internet and intelligent manufacturing, and is committed to the cultivation and skills upgrading of its employees.

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The company's beers have now been exported to more than 40 nations and regions worldwide.

The company now has 59 new energy projects under construction in the country, including eight offshore wind projects with a total installed capacity exceeding 7.05 million kW, said Zhang Jianzhong, deputy head of the subsidiary firm.

The company's revenues grew 60 percent year-on-year in 2017, while sales of its high-end products jumped 200 percent. The company recorded sales of 11.5 billion yuan (.7 billion) in 2018, making it the first domestic company in the industry to reach more than 10 billion yuan in sales.

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The company sources beef and mutton from various countries including Australia, New Zealand, Uruguay and Argentina, to China.

The company provides tourism services to several key scenic spots in the region, including top-rated Tianchi Lake of the Tianshan Mountains.

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The company said it also faces many restrictions when developing overseas markets. It needs to consider market growth potential, cultural differences, and laws and regulations.

The company said the Velar will be built exclusively in Britain, using Jaguar Land Rover's leading lightweight aluminum architecture, and will be powered by the latest ultra-clean UK-built Ingenium petrol engines. The new Velar is positioned between the Evoque and Range Rover Sport.