The company's financial report shows revenue from audio entertainment was 360.4 million yuan and accounted for about 98.65 percent of the company's total revenue in the fourth quarter of last year.
The company will offer over 1.67 billion shares at a price of 80 HKD apiece, and is set to raise around 132 billion HKD, according to its prospectus submitted to the HKEX.
The company reported significant sales growth in every of its key global markets. North America retained top status (around a third of global sales) followed by China and Europe.
The company will introduce more strategic investors, sell the stock equity of branches with high leverage and purchase assets with low leverage, in a bid to decrease asset-liability ratio, said Zhuo Yiqun, chairman of the company, on Thursday.
The company, which runs the majority of China's electricity distribution networks, saw its combined installed capacity for wind power and solar power reach 294.7 billion kilowatt-hours, up 15 percent compared with the same period of last year. Wind and solar power accounted for 11.4 percent of total power generated, up 1.6 percentage points year-on-year.
The company plans to provide free services for poor households and make donation to transform TV signals for those in need.
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The company's businesses include organic silicon products, chemical materials and the production and sale of butanone oxime, a substance used in coating products that is harmful if it comes into contact with skin.
The company hopes to sell 2,000 EV10 cars this year. The model is priced between 59,800 and 67,800 yuan with subsidies.
The company plans to open another four stores in China by the end of this year, and then double its presence in 2020.
The company said its dealers are eagerly awaiting the new products, which it will ship as soon as possible, besides exploring online sales channels.