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The company also increased the production of chloric sanitizers to help in the battle against the epidemic. To date, Jinchuan has donated 634 tons of sodium hypochlorite sanitizers worth 4.9 million yuan to provinces hit by the epidemic.

The communique also showed robust new economic engines. The output of strategic emerging industries went up 8.9 percent year on year, and high-tech manufacturing expanded 11.7 percent. Equipment manufacturing grew 8.1 percent and accounted for nearly a third of the total industrial output.

The company has completed eight rounds of pre-IPO fundraising, receiving 958 million yuan (6 million) from institutional investors, including Sequoia Capital China, which holds a 4.96 percent stake.

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The co-location arrangement brings "convenience for passengers" and "enhances efficiency for transportation", he said.

The comments came after United States Senator Marco Rubio filed legislation to prevent Huawei from suing for patent fees in US courts.

The company has been speeding up the construction and operation of new pipelines in northern regions in addition to increasing its spot purchases of LNG. All of the company's three LNG terminals are expected to run at full capacity.

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The company achieved an operating revenue of over 57.8 billion yuan (.2 billion) in Q1. Its sales volume rose 2.01 percent to 88.7 billion yuan, of which the share of online sales grew to nearly 69 percent, the report said.

The company estimated a 20 percent drop in revenue year-on-year from January to June, according to its profit warning filed with the Hong Kong stock exchange.

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The company also expressed hope that the government would build a database of electronic plates for shared bikes to govern the total quantity of bikes in Beijing.

The company has finished construction of a number of intelligent manufacturing lines at its Zhanjiang hi-tech industrial park, with investment of more than 40 million yuan.