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The company's share price gained 0.55 percent to 12.77 yuan Tuesday.

The company provides small parcel lockers, usually installed in community compounds, where deliverymen can drop off parcels rather than making time-consuming deliveries to individual addresses. Hive Box had been charging deliverymen for the service for some time, but it was free for recipients until May 1, when the company decided to charge late fees for storage over 12 hours.

The company said supply constraints for key components in the sector, as well as cost increases, would continue to bring short-term challenges in its business environment.

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The company is the latest tech heavyweight to settle in the East Lake High-tech Development Zone, commonly known as Optics Valley, to boost the city's initiative of building an innovation powerhouse.

The company said earlier Thursday that its flotation was oversubscribed by 20-fold from investors including Fidelity Investments and the sovereign funds of Abu Dhabi.

The company said it would focus on self-dependent innovation of core technologies, such as 5G, in 2019.

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The company now owns 25 production lines, which are all approved by drug regulators in countries like Australia, Japan and Ukraine.

The company's main competitors are northern Europe-headquartered Ericsson and Nokia, which have joint ventures with Chinese companies in China that churn out telecom equipment sold widely in and outside China, she said.

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The company will sell herbal tea in cans specially tailored for the program, among other measures, such as appointing young celebrities Zhou Dongyu and Liu Haoran as its image ambassadors, to increase the brand's appeal to young consumers.

The company provides a range of research services, from biologics－like gene therapy, which is the manipulation of missing or defective cells to correct genetic disorders－to supporting the development of medical device products, such as testing for material and product efficiency.