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The company will set aside 0 million every year for research to explore application of technologies like industrial digitalization, automatic control and big data in food safety.

The company’s outlook on the situation is summed up in this new television ad:

The company, controlled by billionaire Hui Ka Yan, reported a 250 percent jump in core first-half profit, which excludes one-time items, to 27.3 billion yuan on Monday, citing increased property sales and prices.

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The company will increase investment in projects such as seawater desalination, biofuels, elderly care, quality control and management systems as well as energy efficiency and environmental protection, the chairman said.

The company said it will not grow as rapidly this year as it did in the first half of 2019. "We will have nothing to rely on but the hard work of our people, as well as the ongoing trust and support of our customers and partners," Xu said. "Survival will be our first priority."

The company's board of directors made a decision to invest billion to improve overall security capability in the next five years with openness, sincerity and trustworthiness, he added.

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The company posted a revenue of 552.2 billion yuan (.8 billion) and profit of 34.53 billion yuan in 2019. It also topped the steel sector in terms of business scale and profitability worldwide and was ranked 111th in the latest Fortune Global 500 rankings.

The company said 5G is one of its core businesses and it has pursued innovation in 5G technology research. It has filed 3,500 patent applications in 5G.

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The company said that its parks, experiences and consumer products revenues for the quarter increased 5 percent to .8 billion and segment operating income increased 10 percent to .2 while studio entertainment revenues for the quarter decreased 27 percent to .8 billion and segment operating income decreased 63 percent to 309 million.

The company's smart agriculture system can provide smallholders and farm owners with meticulous production management solutions from seeding, fertilizing, crop protection to harvest, Gong said.