The company, founded in Changji in 2003, is also a major producer of corn, wheat and cotton seeds, mainly meeting the demands of the domestic market. But it also has an eye on the increasingly lucrative Central Asia market.
The company is currently building the steel structure and parts for commercial and residential building projects in Zhuhai and Shenzhen in South China's Guangdong province, along with a bridge project in Xi'an, the capital of Northwest China's Shaanxi province.
The company launched online parenting classes via livestreaming after the Lunar New Year. It has joined hands with online medical platforms like Chunyu Doctor and WeDoctor to provide digital medical consultation services.
The company, which many analysts predict will need to raise funds for its expansion, said it ended its first quarter with .2 billion in cash after paying off a 0 million convertible bond obligation in March.
The company saw online grocery sales triple year-over-year during the second quarter of this year as more customers get their groceries delivered versus going to a physical store during the pandemic.
The company's free videos on pet training on social media accounts also saw a sharp increase in viewership.
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The company, which was established in 2017 following the merger of Fortune 500 companies China Guodian and Shenhua Group, is now the world's largest producer of coal, thermal power, wind power, coal-to-liquids and coal-to-chemicals.
The company's gross merchandise volume for the three months achieved a year-to-year growth of 21.7 percent, and reached 47.6 billion yuan.
The company opened its first hospital in Beijing in 1997, and was designated to screen expats during the 2003 SARS outbreak.
The company raked in 99.3 billion yuan (.09 billion) in the fiscal quarter ending Dec 31, marking the 10th consecutive quarterly growth, according to its financial statement released Thursday.