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The company, based in Changchun, Jilin province, is a major vaccine producer in China and has been entangled in public criticism since July 15, when the State Drug Administration announced it found the company to be engaged in falsifying production and inspection records in the making of rabies vaccines.

The company will also improve passenger travel experience by providing services, including air conditioning in stations and on trains, online meal ordering, and check-in with facial recognition technology.

The completed turnover of foreign contracted projects in B&R countries hit billion, accounting for 57.9 percent of the country's total, the spokesperson added

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The company said on Friday it intends to sell 85 million shares American depositary share (ADS), each representing two class A ordinary share, priced between and per share.

The competition is an annual event held by Hong Kong-based JA Asia Pacific, which is part of JA Worldwide, a global nonprofit organization that has been teaching young people the skills and knowledge for a life in business since its initiation in 1993.

The company, which excels in image processing and computer vision technology, said the new phone, dubbed "Darling", can deliver immersive entertainment experience as consumers can use it to capture 720-degree VR photos and videos by just touching a virtual button. The model Protruly unveiled last year can only support 360-degree photos.

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The company was fined 120,000 yuan (,400) by the city's environmental protection bureau and given until the end of May to upgrade its equipment or remain shut down.

The company's revenues amounted to 47.59 billion yuan ( billion) during the period, CNGG President Song Xin said.

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The company’s profits were much higher than expected, an operating margin of 7.4 percent, almost double its operating margin from the previous year. But its guidance for the second quarter’s results was much lower — an operating margin in the range of 4 percent or 5 percent — suggesting that the company would be spending a lot more on … something. But what, exactly?

The complexity of international geopolitics brings challenges to Chinese companies who want to go abroad. Chinese enterprises are projected to meet stricter censorship in overseas listings in the future, said Mei Yan, senior partner and chair of Brunswick Group China.