The company is also going to launch a research and development center in Shanghai with a local partner this month. It will also develop 36 new products covering seven dairy sectors from August this year. Fonterra's fifth application center is expected to come up next year in Wuhan to better serve customers and clients in Central and East China.
The company's gains in the region came from growing sales and market share in China, especially of its SUVs and Lincoln luxury models. The automaker said it expected profits to continue to grow in the region this year.
The company logo of China Shenhua Energy Co Ltd is displayed during a news conference following the company's annual results in Hong Kong, China, March 29, 2016. [Photo/VCG]
The company will further expand its presence in the Middle East and India to drive growth through emerging opportunities in new markets where there is a large and growing middle-class population.
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, which also owns the Bloomingdale's and Bluemercury chains, operates about 775 stores nationwide.
企业seo优化平台
The company, which operates the popular mobile-payment service Alipay in China, launched its "intelligent assistant" this month. The voice-recognition system enables users to buy airline tickets and book hotels by using their voice.
The company’s numbers show that it added nearly 3,900 jobs over the past year. The increase of 4.2 percent brings its direct employment to 94,290 people, a new high.
The company provided a few illustrative snippets, such as that Christmas lights were a bestseller on Prime Now, and that home security businesses Ring and Blink — both Amazon subsidiaries — more than doubled their sales on Amazon this year compared to the same period last year.
The company, based in Chicago, is the largest US exporter and one of the nation's largest manufacturing companies. Its stock is one of the 30 blue-chip companies tracked to compile the Dow Jones Industrial Average.