The company said supply constraints for key components in the sector, as well as cost increases, would continue to bring short-term challenges in its business environment.
The completion of the bridge has proved that socialism is achieved through hard work, as is the new era, Xi said.
The company's internet service will be available in the northern United States and Canada at some point this year, with global coverage planned for 2021.
The company plans to build a science research and innovation center in Nansha, part of the Guangdong Pilot Free Trade Zone.
The company said the COMAC fund is undertaking the registration process and more than 10 billion yuan (.4 billion) in funds are set to be in place.
The complex is designed by world-renowned architect Moshe Safdie, and boasts a 250-meter-long skybridge, called The Crystal, said to be one of the world's highest.
排名优化
The company plans to list on the Nasdaq under the symbol "DADA," by offering 16.5 million American Depositary Shares (ADSs) at a price range of to apiece, according to its prospectus filed Monday with the US Securities and Exchange Commission.
The company hopes to open the building material supermarket in March next year. So far, the project has so generated 300 direct jobs and 500 indirect ones. It stresses that it provides hi-tech, energy saving, environment friendly and high-quality buildings. Now it is producing precast building materials such as wall panels, staircases, lift shafts, foundation piles and hollow core slabs among others.
The company intends to use the net proceeds of this offering primarily for expansion of its businesses, development and introduction of new mining machines, corporate branding and marketing activities and general corporate purposes.
The company's team has not only absorbed licensed technologies from Qualcomm, but also worked out the customized encryption algorithm according to China's security standards, Wang added.