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The company launched a series of new products like gaming notebooks and smartwatches on Wednesday to expand its presence in the IoT sector, as its smartphone business may face a shortage of crucial components such as semiconductors due to Washington's latest export regulations.

The company said it aims to achieve further growth of 40 percent in revenue and net profits in 2018.

The company is expanding cooperation with Guangzhou Metro to introduce its AI technologies in the construction of the automatic ticket-sales machines, platform screen doors and related metro facilities.

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The company will also further involve itself in China's hydrogen projects, after it unveiled its first commercial hydrogen project in China in November, which includes a 20-megawatt electrolyser that will produce environmentally friendly hydrogen from renewable power.

The company now owns 25 production lines, which are all approved by drug regulators in countries like Australia, Japan and Ukraine.

The company's goal is for China to be involved in at least 80 percent of its global early-phase and key clinical research programs within three years and 80 percent of its programs to be submitted for approval in the country simultaneously and to be introduced to the market.

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The company said the sales of the new product on the first day have exceeded their expectations.

The company's fiscal results showed its accounts receivable and long-term receivables reached 10.8 billion yuan, accounting for 66.9 percent of its total assets.

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The company that sells you just about anything online, and delivers books right to your Kindle, has a better reputation among U.S. consumers?than any other company in the world.

The company, under the name Baihang Credit Scoring, was granted a three-year license, with Zhu Huanqi, chairman of Huida Asset Management Co. Ltd., as the legal representative, according to a statement published on the website of the People's Bank of China.