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财务工作总结

Zhang Guomin, president of Tianjin Oves Musical Instrument Co Ltd — another market leader with annual sales of up to 70 million yuan — said the low-end market has an average profit of lower than 7 percent, while the high-end market saw profits of up to 30 to 40 percent.

Zhang attributed Macao's achievements since the handover in 1999 to the city's determination to adhere to the One Country, Two Systems principle while making full use of the benefits brought by two systems.

Zhang Yong said that safeguarding national security is the top priority for the central government and a fundamental obligation for every local government.

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Zhang Lian, head of Langjia community's senior association, said that Liu became the first centenarian in the community to win the award in 16 years, and he hoped some other residents who are in their 90s would reach 100.

Zhang Wentao, a 26-year-old bank employee in Beijing, upgraded his iPhone 6 into a Huawei P20 in June. "Apple used to be my only choice for premium devices. But now Huawei turns out to be a more appealing alternative as it looks and works better."

ZTE also became one of the world's top two filers of international patent applications in 2017, according to the World Intellectual Property Organization.

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Zhang Yu contributed to this story.

Zhang Bin, a senior researcher with the think tank, said products such as real estate investment trusts (REITs) should be encouraged more to meet long-term financing demand.

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Zhang Wenlang, chief macroeconomic analyst at Shanghai-based Everbright Securities, said macroeconomic policies are on the right track and the sustainability of the Chinese economy has been improving. "We do not expect a big stimulus going forward."

Zhang from iResearch noted that as the leading internet companies have ramped up efforts to develop the digital music businesses, this has left less room for the future development of smaller players.