The company is now looking to ramp up its localization efforts in China, and help Chinese enterprises and the government to embrace digitalization and enhance global competitiveness to succeed in a globalized world.
The company's smart preschool screening robots to date have been used in over 30,000 kindergartens in China.
The company's revenues grew 60 percent year-on-year in 2017, while sales of its high-end products jumped 200 percent. The company recorded sales of 11.5 billion yuan (.7 billion) in 2018, making it the first domestic company in the industry to reach more than 10 billion yuan in sales.
The company, which operates more than 150 theme parks, museums, and hotels worldwide, said it plans to open a Peppa Pig World of Play in Beijing next year and is in advanced discussions to open "a number" of Legoland theme parks in China.
The company's American Depositary Shares ("ADSs") were priced at .00 per ADS. The shares opened trading at .06, about 75 percent higher than the offering price. The closing share price on the first day of trading was .44, reflecting a market capitalization for the company of over .2 billion.
The company, which operates Shanghai Pudong International Airport, the country's second largest airport in terms of passenger volume, said its business revenue is estimated to rise 15.9 percent from a year earlier, to 8.06 billion yuan in 2017.
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The company's operating revenue sank 52.41 percent year on year to 804 million yuan (4.8 million) in H1, while net profits attributable to shareholders plunged 69.64 percent to 103 million yuan, according to a statement filed by the firm with the Shanghai Stock Exchange.
The company is scheduled to deploy 1,000 bikes to Astana, capital of Kazakhstan, for a trial run, while simultaneously launching the Russian edition of the ofo app.
The company, co-established by Germany, France, the UK and Spain, announced on Tuesday it would cut approximately 15,000 positions across Airbus' global workforce no later than summer 2021.
The company's total domestic new energy assets now stand at 194.7 billion yuan (.74 billion), with net assets reaching 58.8 billion yuan. It will invest some 40 billion yuan in new energy-related procurements this year with deepening cooperation with more than 50 suppliers and distributors, it said.