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The company is expected to go public by the end of the year "if everything goes right," because Chinese officials do not want to let down the investors in the initial phase, according to people familiar with the matter.

The company runs 21 offices, six factories, five labs and an innovation center in China, supplying analytical instruments, lab equipment, chemical reagents, consumables and software.

The company is also stepping up efforts to gain more overseas users, said its chairman Cai Wensheng, adding the expansion will entail opening new offices, possibly in Europe, and offering localized versions of its products.

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The company said it plans to provide free temperature testing, sanitizing wipes and masks upon request. Shoppers will be "encouraged" to wear face masks and wash their hands frequently.

The company will give full play to the role of the country's advanced high-speed railway network, and improve the capacity of traditional passenger trains.

The company logo of Ping An Insurance is seen in Beijing, China, August 27, 2020. [Photo/Agencies]

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The company inked an agreement with Russia's top independent gas producer Novatek on April 25 to buy a 10 percent stake in its new liquefied natural gas project, Arctic LNG 2.

The company said later this year it would start production of the XC40 P8 Recharge, its first fully electric model, and launch the first of several fully electric models in the coming years.

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The composite gauge of employment, covering the manufacturing and services sector, rebounded into expansionary territory in August-the first time it was above 50 since April, according to Caixin/Markit studies.

The company's net profit attributable to shareholders of listed companies during the period came in at 31.14 billion yuan, reversing the previous downward trend and gaining 3.9 percent year-on-year.