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The company's premium incomes from motor insurance and non-motor insurance have seen a year-on-year increase of 3.6 percent and 33.6 percent in the first half-year, reaching 122.43 billion and 82.61 billion yuan respectively, the company's report said.

The company's current CEO is Zhang Yong or Daniel Zhang, who took over the post in May 2015, and it is not immediately clear whether the company will appoint a new chairman.

The company said these trains are equipped with six-axis hinge joints that ensure smooth changes of direction.

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The company raked in 498 million yuan (about .3 million) in net profit attributable to shareholders, according to the company's annual earnings report filed with the Shanghai Stock Exchange.

The company is also among the high-profile backers of a solar project nestled among banana crops in Australia’s far tropical northeast, a chance to unlock renewable technology for the global mining sector.

The company posted a strong third-quarter report in late July, with quarterly revenue of .7 billion, up by 11 percent year on year, while Apple's net sales in the Great China region increased to .329 billion from .157 billion a year ago.

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The company is using a variety of strategies to entice younger consumers: attractive product design and packaging, the use of futuristic technology and fashionable language, to name a few.

The company said retailers soon may be able to send packages using Uber's service.

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The company said its smartphone business is booming, as it ramps up efforts to explore overseas markets. Unlike most Chinese smartphone vendors which have limited presence in the United States, ZTE is very popular.

The company's shares have been witnessing robust trading on the bourses recently.