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The company said these new projects are expected to help optimize local industrial structure, and promote high quality economic and social development while ensuring the orderly resumption of work and production nationwide.

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.

The company indicated to analysts that its A-share listing could take place in the first half of next year, according to banks including Citigroup Inc. The firm had previously indicated the listing would happen this year, according to analysts. A strengthening balance sheet may mean that the listing is no longer "critical" for the firm, Citigroup analysts said in a note.

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The competition of internet businesses has entered the second half, in which the paces of disruptive innovations have slowed down, and a new trend of online-offline integration is becoming even more popular.

The company's total sales, including those from its joint ventures SAIC GM and SAIC Volkswagen, both among the most popular carmakers in the country, reached 2.94 million, falling 16.6 percent year-on-year.

The company previously piloted a similar program in Munich with DHL and Audi.

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The company is working to help more rural students in China access digital technologies. Last year, Apple said it would donate 25 million yuan to the China Development Research Foundation as part of its efforts to help students in the nation's less-developed areas.

The company's financial report said revenue grew 15.3 percent year-on-year to 1.5 trillion yuan (9.8 billion) in the first six months of 2019.

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The company's global sales accounted for 35 percent of its annual sales revenue last year, due to the rapid growth of business in countries along the Belt and Road Initiative, including Gwadar Port in Pakistan's Baluchistan region, Sri Lanka's Colombo International Financial City project and the Mombasa-Nairobi Standard Gauge Railway in Kenya.

The company said its smartphone business is booming, as it ramps up efforts to explore overseas markets. Unlike most Chinese smartphone vendors which have limited presence in the United States, ZTE is very popular.