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The company is also planning to set up a large, high-end hospital in the city of Qingdao in Shandong.

The company's net profits climbed to 15.4 billion yuan (.2 billion) in the first half, according to its financial report filed to the Shenzhen Stock Exchange. Its revenues increased by 18.5 percent year-on-year to 67.8 billion yuan over the same period.

The company is the first in China to develop the convalescent plasma treatment for patients suffering the disease, using blood plasma taken from convalescents, and China's National Health Commission has issued guidelines on use of the convalescent plasma treatment.

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The company's jackets often contain down from Hutterite farmers in rural Canada. Some of the coats also have coyote fur trim on the hoods, which some activists oppose because of the use of leg-hold and other traps to obtain it.

The company was founded in 1956 and has undergone changes since 1986. It is China's biggest enterprise producing natural plant protein soft drinks. Coconut juice is the company's star product and has been branded as a national drink by the company, as it is often served at major banquets.

The company is taking a fresh step in the European clean energy market after purchasing an 80 percent stake in a 288 megawatt offshore German wind farm operator, WindMW from US private equity firm Blackstone Group for around .8 billion, which CTG described as one of the most promising offshore wind businesses in Europe.

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The compensation was directly paid to residents via a blockchain-based payment system, which helped reduce the possible intermediate links and avoided diversion or misappropriation of funds, said Wu Haijun, deputy director of the area's administrative committee. Over 160 construction projects and more than 40,000 migrant workers were paid via blockchain-based payment systems, said Wu.

The company plans to raise up to 0 million in its initial public offering with Snowball Securities as the IPO underwriter.

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The company, which is based in Changchun, Jilin province, has also developed a wide range of fingerprint-activated products including locks, with the leading type able to store and recognize 99 different sets of fingerprints.

The company will continue its investment in AI chips. Zhu said the reason why they had a layout in the chip sector lies in the surging demand for computing power.