The company has witnessed rapid expansion of its new energy vehicles (NEVs) business since it rolled out several new plug-in hybrid models under its new brand Lynk & Co.
The company's net revenue also rose 49.4 percent year-on-year to 13.4 billion yuan in the second quarter.
The company's related bonds were also heavily hit. Its two bonds issued at the Shanghai Stock Exchange both dropped more than 8 percent on Thursday. Its US dollar bond due by 2023 shed a 27 percent on Wednesday, hitting a record high.
The company's studies also showed new pharmaceutical products are being brought to the China market faster due to related policy reforms, and more are from Chinese companies.
The company's massive expansion plan, which could see its annual output rise almost twentyfold, is underpinned by solid demand from the domestic market.
The company is willing to work with other Chinese manufacturers in setting technology standards, including 5G standards, as the unification of standards translates innovation into revenue, it said.
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The company saw an 88 percent jump in revenue to reach 3.25 billion yuan (0 million) in the fiscal year of 2018, with gross profits hitting 890 million yuan, up 57 percent year-on-year.
The company is also eyeing opportunities to provide additional services in the region, including supply chain management, freight delivery, and truckload capacity brokerage, with plans to operate in Indonesia and the Philippines in the future.
The company’s hot food game, though, could use a little work.
The company invested 1 billion yuan (1 million) in the 150MW floating photovoltaic power station, located in Huainan, using the water surface from an area of coal mining subsidence.