The company beat analyst expectations on both the top and bottom line, sending the stock up more than 10 percent in after hours trading immediately following the release.
The company got in touch with the Russian World Cup Organizing Committee earlier last year, and won the bid against competitors from the United States and the United Kingdom.
The commission has been actively restructuring SOEs this year in a bid to improve industrial efficiency, with the number of central SOEs falling to 98, down sharply from 196 in 2003.
The company has announced it will open its self-driving taxi service to the public in Beijing soon, serving multiple areas that cover 700 kilometers of roads which include the Yizhuang, Haidian and Shunyi districts.
The commission has been working with related departments to encourage flu vaccine producers to increase production for this year, and the National Medical Products Administration has also accelerated inspection and approval procedures for flu vaccines this year. More than 20 million doses of flu vaccine have been released to the market after approval, he said.
The cloud computing market is growing rapidly as more and more enterprises start to move their traditional IT infrastructure to the cloud. [Photo/IC]
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The company has a current market cap of billion.
The company has raised a total of 1.8 billion yuan over the past year. The latest round of funding will support the development of the ZQ 2 liquid-propellant carrier rocket, as well as the research and production of medium and large liquid oxygen-methane carrier rockets.
The company has partnered with Kenya's largest banking service provider KCB Bank to expand its QR code payment service network. UnionPay QR code payment services are offered over the counter at Kenya Airways, South African Airways, chain store operator Naukumat and KFC. More than 2,500 businesses in the country are set to join UnionPay's QR code payment network by the end of 2018.
The clearing and grubbing of the first 3.5-kilometer section is finished in the main, contributing to a 7 percent completion of the section, said Thanin at a press tour to where the project began last December.