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The company's gross profit margin increased by 0.7 percentage points to 56.8 percent, reaching a historical high. Adopting an "All-Staff Retail" system is how Anta group countered the impact from COVID-19 on its offline stores, with fast growth in online business, said the report.

The company said it has "taken extreme measures to keep people safe, tripling down on deep cleaning, procuring safety supplies that are available, and changing processes to ensure those in our buildings are keeping safe distances."

The company said the investment will be dedicated to expanding its technology, including operating system, servers and chips, as well as build more data centers on top of its existing network covering 21 countries and regions globally.

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The company's devotion to the nation's sports industry can be traced back to 2011, when it launched its Future Football Stars program, which sends young soccer players to Spain for training.

The company said it has started full cooperation on fuel cell technology with Chinese partners, which is also expected to drive innovation in the area.

The company has worked with local partners to train nurses and village medical workers, treat people suffering cleft lip and palate and mental illnesses in China. Over 5,500 China employees offered more than 12,000 hours of volunteer services in 2017, according to Song.

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The company’s high-end residential project Wanliu House has just received a LEED Platinum certificate, becoming one of the only two residential projects to be awarded the certificate in China.

The company is planning to make its first commercial space-tourism flights within the next year, and took a step toward resuming ticket sales for the tours expected to cost upward of 0,000.

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The company said it planned to commercialize the intelligent driving vehicle as early as 2018.

The company logo of ICBC is seen at Xuchang, Henan province. [Geng Guoqing/Asianewsphoto]