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The company spent 6.46 billion yuan on general and administrative expenses, a significant increase on 2017's 133.2 million, primarily due to increased staff numbers and share-based compensation packages.

The company reached a deal in October with Brilliance China Automotive to raise its equity to 75 percent in 2022 - the year China removes equity caps in the passenger cars sector.

The company will continue to make good use of its advantages across the whole industry chain to better arrange production and supply, strengthen research and development, and enhance information exchanges to contribute more to contain the novel coronavirus outbreak, Liu said.

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The company is a major producer of fentanyl in China, with products exported to countries including Sri Lanka, the Philippines and Turkey.

The company is also inserting new functions into their power bank distributing and collection boxes, such as adding screens to show flight and ticket information at airports.

The company is holding clinical trials in China, and the team hopes that their success at the Pitch@Palace event will help establish trials in the United Kingdom.

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The company sent the equipment for a drilling project in Ukraine.

The company plans to ship 40 more XCIENT Fuel Cells to Switzerland by the end of this year, aiming to roll out a combined 1,600 XCIENT Fuel Cell trucks by 2025.

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The completion of the factory to make concrete sleepers for the Padma Bridge Rail Link Project (PBRLP), which will greatly contribute to the region's connectivity, has been achieved despite the impact of COVID-19 in the country.

The company plans to set up a research and development hub in Singapore soon, its first such facility outside of China.