The company's results for the first quarter of 2020 have been significantly and negatively impacted by COVID-19, which drove a significant decline in travel demand resulting in reservation cancellations and reduced new orders, said the report.
The company opened its freight train service linking Wuhan with London in July 2018 and launched services to Belgium and Spain, respectively, on Dec 11 and 13 this year.
The company, also known as Sinopec, said it aims to open 1,000 more natural gas vehicle fueling stations within six years, boosting its annual natural gas supply capacity to 60 billion cubic meters, with gas pipelines in operation reaching 10,000 kilometers and its LNG receiving and transferring capacity exceeding 26 million metric tons per year by 2023.
The company will also continue to invest in joint research to advance technological breakthroughs to reduce carbon emissions, including commercializing sustainable aviation fuels and improving air-traffic management efficiency, he added.
The company's newly opened art gallery will be another step for the company to further enter into the art industry and thereby strengthening its corporate craftsmanship spirit, enlarging its cultural influence and improving the quality of its products, said Ling Zhenwen, CHO of Riverside.
The comprehensive regulation will include all innovation-driven businesses.
江苏职称评审管理办法
The company's 2017 annual report said it earned profits of 566 million yuan, up 33.3 per-cent year-on-year. It spent 583 million yuan for sales expenses - representing 60 percent of its total expenses. Of that, 442 million yuan was spent on promotion, the report said.
The company said it plans to sell a range of hybrid electric vehicles, plug-in hybrid electric vehicles and battery electric vehicles.
The company is also leveraging its technology repertoire to branch out into other AI-enabled sectors. It is developing an AI-enabled system to assist courts in reviewing four types of cases, namely murder, theft, telecom fraud and illegal fundraising.
The company is also providing comprehensive solutions such as car financing and building its own sales networks to prevent an overreliance on local partners. While consolidating its position in Africa and Southeast Asia, Sinotruk is making forays into developed countries, including Ireland, Australia and New Zealand.