The company is based in Irvine with manufacturing operations in Moreno Valley, California. It is owned by Chinese automotive supply company Wanxiang Group.
The company reported adjusted earnings per share (EPS) of 0.54 yuan for the fourth quarter, also topping analysts' expectations.
The company said it will increase its expansion pace from about 250 new outlets this year to 500 per year from 2022 onward.
The company will check the health condition of each deliveryman, give him masks, offer lessons about protective measures as well as record their body temperature before each delivery.
The company's practices deprived the downstream dealers of pricing autonomy, excluded and restricted the competition within the brand and in effect weakened the competition among brands, the statement said.
The company launched its WOW mini KTV programs at the end of 2016, to cater to younger generations. Now it has around 10,000 mini KTV booths in public areas nationwide.
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The company said it is bullish on the long-term growth prospects of the healthcare market in China, its core strategy market, and it hopes the nation will become its biggest market.
The company's monthly revenue now totals 40 million yuan, four times higher than before. And the benefits might go beyond just digits.
The company is in talks with Viridis Eolia, a Wyoming-based renewable energy company, for a wind project in Carbon County, where it hopes to recruit workers from the training program once they finish their training.
The company set up 73 overseas representative offices and distribution service organizations in more than 60 countries and developed 106 initial distributors, 100 service branches and 110 fittings branches.