The company's operating revenue surged 32.2 percent year-on-year to 42.5 billion yuan, with revenue from the express delivery business up 31.7 percent to reach 42.2 billion yuan.
The company's donation of 5,000 face masks used in quarantined wards arrived in Mumbai, India on March 12.
The company is expected to gather total gross proceeds from the offering of approximately 0 million, if the underwriters choose to exercise their over-allotment option in full, according to the company's prospectus.
The company will continue to make significant investments in infrastructure and other areas that will be instrumental in its transformation into a big data-driven, artificial intelligence and robotic technology-based industrial internet company.
The company, based in Foshan, a manufacturing base in the heart of the Pearl River Delta region, along with some 25,000 domestic exporters, is optimistic of higher sales during the biannual China Import and Export Fair. Internationally known as the Canton Fair, the event is long regarded as the barometer of China's trade performance.
The company is also preparing to establish research and development facilities overseas.
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The company plans to invest more in oil and gas exploration in the next few years to raise the company's output and reserves, Yang said, adding "this will be our major direction".
The company said the normalization of railroad operations marked the city’s logistics and production are gradually recovering from the epidemic, and will serve as a strong support for commerce and trade.
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 hires more than 200 farmers, 15 of whom are from impoverished backgrounds, on a part-time basis. It teaches them how to plant, fertilize and prune the fruit and also how to pack it correctly for transportation.