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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 company won 11 invention patents and seven utility model patents. It now owns advanced technology of brake shoe and brake pad for high-speed trains.

The company's newly opened art gallery will be another step for the company to further enter into the art industry and thereby strengthening its corporate craftsmanship spirit, enlarging its cultural influence and improving the quality of its products, said Ling Zhenwen, CHO of Riverside.

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The company is now looking to ramp up its localization efforts in China, and help Chinese enterprises and the government to embrace digitalization and enhance global competitiveness to succeed in a globalized world.

The company, together with other French brands, also created the French National Pavilion at CIIE.

The company said it began setting up branches in the United States and Germany in 2014, with its overseas projects accounting for 60 percent of its business in 2018.

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The company is expected to be valued at 0 billion after going public, Reuters said.

The company will take action by working closely with academia and using big data to dig into consumers' breakfast behavior. It also designed 154 healthy breakfast menus for 11 different groups of people.

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The company's overseas project has been listed among 82 provincial key projects along the Belt and Road, according to the development and reform commission in Hunan province.

The company said it also has increased paid sick leave to 14 days for workers in quarantine and has increased bonus payments.