The company’s shares are down 10 percent in after-hours trading to 2.50 as of 1:30 p.m. Pacific time.?Here’s the company’s full earnings release:
The company produces American ginseng - known by the scientific name Panax quinquefolius - and distributes it as roots, tea, capsules and other products at home and abroad.
The company invested 46.5 billion yuan (.9 billion) on a sixth generation AMOLED production line, which was rolled out in May, at its Chengdu factory. It can turn out 48,000 glass substrate panels per month.
The company's sales ranked first among the world's top battery producers in 2017, according to an analysis conducted by Shenzhen Gaogong Industry Research Co. So far, the company has set up branches in France, the United States, Canada and Japan.
The company's revenue rose by 1 percent to 28.2 billion yuan (.2 billion) in the third quarter, which beat analysts' estimates of 27.5 billion yuan on average, according to IBES data from Refinitiv. Net income attributable to Baidu was 13.7 billion yuan.
The complete list of the 796 relics has yet to be released, but Wu said they "are of abundant variety and generally high value".
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The company plans to have five facilities in the city by the end of this year and 10 more next year, with an additional five to be established for corporate customers next year.
The company's performance forecast showed net profit, excluding non-recurring items, could reach 3.18 billion yuan (2 million) last year, thanks to China's booming new energy vehicle (NEV) market. CATL is a company listed at Shenzhen Stock Exchange.
The comprehensive report, which is largely in line with the 2010 review done by the Obama administration, reaffirms commitments to non-proliferation treaties but emphasizes the need to enhance capabilities to match with Russia, showing supports for US nuclear modernization projects.
The company poured another 1 billion yuan into it earlier this year, bringing its total investment to 2.85 billion yuan.