The company's goal is to realize the domestic manufacturing of integrated circuit chips and become an advanced integrated circuit manufacturing enterprise with an independent intellectual property system.
The company reported losses of more than 2 billion yuan in both 2014 and 2015, and shook off losses in 2016 with a net profit of 37 million yuan.
The company now has a team of 40 people in China. Its Beijing store opened in early May. It plans to open another two stores in Chengdu, Sichuan province, and Guangzhou, Guangdong province, by the end of this year.
The company's net profit attributable to its equity holders stood at 41.21 billion yuan (about .81 billion) last year, said its financial report filed to the Shanghai Stock Exchange Tuesday night.
The company remains cautious toward making inroads into the US market, although a lot of its R&D staff graduated from US universities.
The company will help more than 5,000 merchants open their official stores on Tmall, and give 1,000 premium lectures covering catering, logistics and retail within next three years to help 10 million staff engaged in these industries enhance their digital operation capacities.
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The company's Kingdee Cloud Cosmic, a platform which focuses on providing cloud services to large enterprises, has been offering over 20 types of cloud services and more than 100 enterprise-based applications since its launch in 2018.
The company's road to IPO was marred by several hurdles including increased regulation in several countries and fights with its drivers over wages.
The company wants this program to bring it more in-line with today’s shipping expectations, and it is also hoping to raise awareness of eBay, the same way the endless stream of Amazon Prime boxes on porches across the nation keep that company top of mind.
The company's business fits well with the national Healthy China 2030 initiative, because it provides healthy solutions to the aging and obesity problems, focusing on nutrition and promoting healthy lifestyles to help people to live healthier and happier, while the Chinese people have increasing spending capacities, according to Zheng.