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The company saw robust growth momentum in its international businesses, whose Q1 revenue accounted for roughly 35 percent of total revenue.

The company's offshore bonds have suffered, as analysts at banks including BNP Paribas SA have said investors should exit them. The 2024 notes issued by Wanda Properties International, a unit of Wanda Commercial, have lost 2.9 percent this year, the worst performer among high-yield dollar bonds from Chinese issuers in Bank of America Merrill Lynch indexes.

The company is now supplying an average of more than 5 million cubic meters of water to Hong Kong, Shenzhen and Dongguan in the eastern part of the Pearl River Delta every day.

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The company owns 11 mostly high-end shopping centers in China.

The company set up its first dry yeast facility in Egypt in 2010 about 100 kilometers from the capital Cairo. About 70 percent of the yeast products made in the first unit have been exported to the Middle East and African markets.

The company said it will establish a global platform for investment banking, trading and execution and investment services centering on New York, London, Singapore and Hong Kong.

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The company is now looking to ramp up its localization efforts in China, and help Chinese enterprises and the government to embrace digitalization and enhance global competitiveness to succeed in a globalized world.

The company posted a net loss of 2.62 billion yuan (0 million) for the first quarter of this year, 71.36 percent more than the same period in 2018.

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The company will seize the opportunity and introduce major sales promotion carnival to boost auto consumption in May and June, the traditional peak season for auto sales, Cai said.

The company reported revenue of 17.6 billion yuan (.6 billion) in the first half of 2018, an increase of 54 percent year-on-year. Its net profit was between 320 and 350 million yuan in the first six months, a tenfold rise compared with the same period last year, according to the company's half-year financial report.