The company's Chinese business generated more than million in 2017 from .5 million in 2015. It expects to see even faster revenue growth in China in the next five years.
The company, controlled by billionaire Hui Ka Yan, reported a 250 percent jump in core first-half profit, which excludes one-time items, to 27.3 billion yuan on Monday, citing increased property sales and prices.
The company says these smart home cameras will work with the new Echo Show:?Nest, August, Amcrest, EZViz, IC Realtime, Vivint, Ring, Logitech Circle 2, Petzi Treat Cam, and Arlo.
The company said it will spend billion or more — the predicted operating profit for its entire coming quarter — just on COVID-19-related expenses, such as personal protective equipment, cleaning facilities, higher wages for hourly teams and expanding its own COVID-19 testing capabilities.
The company reported 17.57 billion yuan (.5 billion) in revenue in 2017, up 80 percent from a year earlier, and about 80 percent of the revenue came from the overseas market.
The company said more than 10,000 drone operators are using DJI's farm-specific drone MG series, estimating the sales of such drones will reach 45,000 units in 2020.
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The company will retain a majority shareholding in Sinopec Marketing upon completion of the overseas listing.
The company launched a customized service of ordering its H5 and L5 models in 2018 when it also saw the number of dealership stores topping 100 across China in its drive to expand its sales network.
The company hopes to complete two acquisitions in the North American market in the second half of this year.
The company said strong pricing on pickup trucks and crossover SUVs in North America drove results, though the sales drop in China, the world’s largest auto market, during the quarter hurt the bottom line by about 0 million.