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The company is the largest online provider of small cash credit products in China in terms of the number of active borrowers and the amount of transactions in the six months ended June 30, 2017, according to the Oliver Wyman Report.

The company raked in 721.2 billion yuan in global sales revenues, spending 14.1 percent of that in R&D. Total R&D investment by the company in the last 10 years has surpassed 480 billion yuan, according to Huawei's 2018 annual report.

The company, which has an R&D center in Silicon Valley and plans to set up a design studio in Los Angeles, announced move to enter the already competitive US auto market by the fourth quarter of 2019.

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The company says a Chinese manufacturer copied their designs, stole their product photos and began selling indistinguishable pillows. It?argued that Amazon was liable for the infringement because?it made an “offer to sell” the counterfeit goods, even storing the knockoff pillowcases in its warehouses as part of its Fulfillment by Amazon program.

The company will strengthen its global supply chains and increase investment in Thailand, Egypt and Brazil. In April, Midea began to build an air conditioner factory in Thailand. It is also preparing to build a manufacturing base in Egypt, its 18th overseas.

The company is also leveraging its technology repertoire to branch out into other AI-enabled sectors. It is developing an AI-enabled system to assist courts in reviewing four types of cases, namely murder, theft, telecom fraud and illegal fundraising.

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The company's share price edged up 0.49 percent to 46.86 yuan Friday.

The company produced 2.98 million tons of crude in January, equal to that of last year. Gas production reached 2.62 billion cubic meters, a year-on-year increase of 5.7 percent. Crude processing volume reached 21.35 million tons, up 1.1 percent year-on-year, while oil products output reached 13.57 million tons, up 0.7 percent year-on-year.

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The company's top five principal shareholders are Genius Hub, Mandra iBase, New Fortune Fund, Ventech China and Xiaomi Ventures, according to the prospectus.

The company predicted it will ship 230 million to 250 million smartphones in 2019.