The company said net revenue for the third quarter of 2019 rose 10 percent year-on-year to 19.6 billion yuan, compared with 17.8 billion yuan for the same period a year ago. Its net profit stood at 1.2 billion yuan, an increase of 140.2 percent year-on-year from 500.8 million yuan in the same period a year earlier.
The company, which makes vehicles, engines and construction equipment, has been in China for 25 years. In 2015, it set up a joint venture with Dongfeng Motor Corp to expand presence in the heavy-duty and middle-duty truck segment.
The company was also still preparing for change of China's emissions standards from State V to State VI in the three months from January to March.
The company reached the milestone despite Microsoft shares rising 1.5 percent on the day to .81. Microsoft’s market value is hovering right around 0 billion.
The company's products, colored ribbons and bows, sell well in the Indian market. Merely by creating jobs, the Chinese-run Ribest presents a miniature version of mutually beneficial economic cooperation between China and India, and contributes to local economic empowerment by changing the lives of many women.
The company released essentially same statement about the Mac app, directing users to the web app or iOS app for iPhone and iPad.
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The company said the oil-change vehicles, introduced at the recent China Wind Power Exhibition in Beijing, are part of ExxonMobil's plans to expand coverage of Mobil wind turbine services in China and in line with wind farms in the country moving to the southern and eastern regions, said Ng Wei Fang, deputy general manager of Exxon-Mobil China Investment Co Ltd.
The company started its overseas expansion quite early. It has become the world's fastest-growing short video app since it entered the overseas market last August, with its overseas edition Tik Tok having been launched in more than 150 countries and regions and taking the top spot in over 40 countries, data from mobile analytics company App Annie showed.
The company's revenue increased 6 percent year-on-year to reach .94 billion, marking the best performance in three years.
The company said it was planning to open more than 500 new stores and depots (smaller warehouses) in China during the next five to seven years and revamp 200 existing stores in three years.