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The company will also further improve the transmission ability of its power grid by putting more ultra-high-voltage direct current lines into operation and upgrading the capacity of existing lines.

The company, which has about 300 employees, can produce six metric tons of plant-based meat products daily and gained an output value of 40 million yuan so far this year.

The company posted a net profit attributable to shareholders of 373.59 million yuan (.8 million) in the first nine months of this year, iFlytek said in an announcement of its financial results for the third quarter on Thursday.

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The company?is marking the beginning of this massive expansion phase with an all-day open house for employees. Flyers give?workers a map of the new spaces, showing them where they can go for live music, free food, video game areas, a hot chocolate station, cornhole, badminton courts and even a game of giant chess.

The company, Kwok said, is going to launch 400 apartments in the Beijing market this year, with the annual sales target reaching 2 billion yuan (7 million).

The company said its business to consumer business showed impressive growth on Nov 11 Singles Day festival last year. Both the digital B2C and B2B businesses grew by over 40 percent for the year and accounted for over 5 percent of revenue.

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The company later clarified that its sales included items exempted from an export ban involving the Chinese company.

The company said 94 percent of the new stores were launched outside of its home market of the United States.

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The company struck an agreement with the China National Nuclear Corporation in 2017 to run a trial of its traveling-wave reactor - a safe and efficient source of clean power - in China.

The company, which operates Shanghai Pudong International Airport, the country's second largest airport in terms of passenger volume, said its business revenue is estimated to rise 15.9 percent from a year earlier, to 8.06 billion yuan in 2017.