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The company ignited public outrage on March 13, 2017, when a netizen reported subway Line 3 in Xi'an had serious security risks and the cables used in the line were substandard and might ignite or release toxic gases.

The company reported its net revenues for the third quarter of this year reached 174.2 billion yuan (.7 billion), an increase of 29.2 percent compared with the same period last year. It will continue to invest in technology and infrastructure to enhance its user experience.

The company logo of China's Sinopec Corp is displayed at a news conference, on March 26, 2018. [Photo/Agencies]

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The company will also ramp up its market presence by promoting its own quick response code scanning system to process mobile payments.

The company promised it will continue to communicate with an open, transparent and honest attitude, solve problems in a legal way in compliance with standards and try to reduce the adverse effects of the situation, according to the report.

The company said it plans to promote extensive and in-depth exchanges and cooperation among all parties, explore sustainable development models for large-scale dairy farming, and drive structural reform, transformation and development of the agricultural supply side.

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The company will carry out a back-door listing via SJEC Corporation, an elevators and escalators maker that has been suspended from trading since June this year.

The company's stock price rallied nearly 1.4 percent to .4 per share around market close. The often-called equivalent of Netflix in China has been valued at over .3 billion as of Monday.

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The company signed contracts worth 25.04 billion yuan (.97 billion) with clients from both domestic and overseas markets in 2017. Its profit was 1.27 billion yuan, thanks to its diversified product categories, expanded sales channels and go-global strategy.

The company's persistent investment in smart watch product line diversification has achieved initial success. In the Double 11 shopping festival this year, Amazfit products ranked first in sales in the below 1,000 yuan (2) smart watch category in the sales event period for the respective e-commerce platforms JD and Tmall.