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The company's core technology is to produce diversified bicycle handlebars in accordance with ergonomics to avoid sports injuries, said Xu Weiyao, deputy general manager of the business department of HL Corp (Shenzhen), a company producing bicycle parts.

The company set its 2018 sales target at 1.16 million units, representing an 8-percent annual increase.

The company was launched to enable Chinese clients to easily trade overseas stocks on foreign exchanges, especially in the US, according to CEO Tianhua Wu.

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The company will replace faulty parts free of charge.

The complex underwater situation and limited visibility have also hampered rescue efforts.

The company logo of China Shenhua Energy Co Ltd is displayed during a news conference following the company's annual results in Hong Kong, China, March 29, 2016. [Photo/VCG]

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The company's revenues rose 48.2 percent year-on-year to 8.07 billion yuan, it said.

The company highlighted the possibility of contributing to an "easy, healthy, and safe" life through the internet of things.

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The company released a statement Thursday afternoon that the company gained the image copyright from the Event Horizon Telescope teams for use in media, not for commercial use such as advertisements.

The company's large amount of nonrecurring expenses－such as developing the Sanya Atlantis resort that opened in late April－are driving the losses, Qian explained. However, the resort contributed more than 300 million yuan in income between May and August.