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The company's net profits attributable to its shareholders totaled 11.84 billion yuan (.68 billion), and its revenue rose 31.5 percent year-on-year to 139.32 billion yuan, according to a statement issued by the company Tuesday evening.

The company said it had followed regulations in advertising, but some distributors and retailers had violated regulations. The advertising was stopped in December on orders from the drug supervision authority in Inner Mongolia.

The company, headquartered in Stamford, Connecticut, will plead guilty to three counts, including conspiracy to defraud the United States and violating federal anti-kickback laws, officials said.

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The company's pianos account for 27.27 percent of the global market and for 38.6 percent of the quantity sold in China. Its products are sold in more than 100 countries and regions around the world.

The company is planning to invest in countries such as Panama, Guinea and Suriname, he added.

The company sold 680,690 vehicles in the first nine months of this year, falling 6 percent from a year earlier, primarily because of the pandemic.

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The company's 19 power plants in Hubei province－which was hit hardest by COVID-19 in China－generated up to 368 million kW of power from Jan 24 to March 27, it said.

The company is currently hiring facilities engineers specializing in data center design, construction and operations, according to social media platform LinkedIn.

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The company is also testing other physical grocery concepts with two?AmazonFresh Pickup sites?and the experimental?Amazon Go store?in Seattle.?It has also opened?pop-up shops?in malls around the country for the past several years and installed vending machines at airports.

The company will reduce production of NV Cargo and Passenger vans from two shifts to one.