The company officially unveiled the Uber freight-like service on its app last week, with the service initially available in 10 cities which include Beijing, Shanghai, Shenzhen and Hangzhou, the capital of Zhejiang province.
The company's drone delivery project has received approvals in some provinces, and planning of air routes began in May.
The company said it believes the future of the transportation world will be seen in China, and its deployment of 5G will be realized soon. It said it is critical to establish an R&D center in the country and Siemens Mobility hopes to play a leading role in R&D in this area.
The company posted a net profit of 287.51 million yuan (.36 million) for January-September, up 33.85 percent from one year earlier, it said in a statement to the Shanghai Stock Exchange.
The company said on Tuesday that it will not move forward with the original plan out of respect for public opinion, though the event-known as Night at the Great Wall-had been given a nod by relevant parties.
The company reported a quarterly net loss of million,?or 9 cents per share. That’s barely above analyst expectations for a loss of 10 cents a share. The loss came despite net sales rising 24 percent to .1 billion, from .81 billion in Q3 of last year.
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The company sold its products in more than 100 countries last year, and its total exports reached million.
The company posted a 45.3-percent increase in home sales. With the sales value at nearly 530 billion yuan, Vanke grabbed a market share of 3.96 percent in China's home markets, up from 3.1 percent in 2016, becoming the biggest developer in 22 cities.
The company's core technology is to produce diversified bicycle handlebars in accordance with ergonomics to avoid sports injuries, said Xu Weiyao, deputy general manager of the business department of HL Corp (Shenzhen), a company producing bicycle parts.
The company secured water treatment deals in nearly 200 more Chinese cities in H1 via a new public-private partnership financing model, on top of its existing presence in major regional markets, including Beijing, Yunnan and Zhejiang.