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The company's shares started trading at about HK9 (.7), an increase of 5.75 percent compared with its initial offering price of HK6.

The company will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.

The company will leverage data analytics to upgrade overseas partnering retailers and warehouses in free trade zones, according to Liu Peng, general manager of Tmall's cross-border business division, though no details were provided.

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The company is promoting intelligent charging units for electric motors, which can automatically charge during the off-peak times. Customers can ask for installation and maintenance services for solar photovoltaic and charging units with a simple click on a website, he said.

The company’s cloud services technically remain carbon neutral because of unbundled renewable energy credits and carbon offsets, but Greenpeace classified that as a “wrong turn” compared to other companies’ purchases of renewable energy on the same grid their facilities use.

The company is known for its West-to-East Electricity Transmission Project. The project transmits clean power from Southwest China to the Guangdong-Hong Kong-Macao Greater Bay Area, and Hainan province.

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The company, one of the three biggest oil and gas companies in China as well as a leading supplier of medical raw materials, earlier responded by turning itself into a leading company for meltblown nonwoven fabric, the essential raw material for medical masks, in a bid to fill the demand gap.

The company is also targeting the medical rehabilitation sector with special artificial limbs for disabled people. By decoding muscle signals on the arm transmitted by the brain, a smart prosthetic device understands the user's intent and takes corresponding action.

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The company launched a customized service of ordering its H5 and L5 models in 2018 when it also saw the number of dealership stores topping 100 across China in its drive to expand its sales network.

The company will list on the Nasdaq under the symbol FHL. Goldman Sachs (Asia), UBS Investment Bank and Credit Suisse are the joint bookrunners on the deal.