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The company said it would also scale up its production capacity for high-end, innovative products in Tianjin, to meet rising consumer demand for plant-based products, snacks and pet food.

The company is currently revising its retail plans in China as the market is rapidly changing but it will retain a mix of formats including hyper stores, pickup points, experience centers, distribution centers and e-commerce platforms, said Kuliga.

The complex is now home to more than 320 enterprises. By the end of November, they had exported a combined 310,000 tons of fruit and vegetables, she said.

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The company will have a green approach to deliveries in China. While Ikea uses new energy vehicles in five Chinese cities for deliveries at present, it will have all its goods delivered by NEVs in 17 Chinese cities from next year, said Liu Rui, vice-president of Ikea China.

The company said some of the voltage wiring harnesses in the battery module may have been compressed by the upper cover plate because of improper placement.

The company was discovered to have classified the four regions as countries in a mail survey to its Chinese members on Jan 9, and "liked" the post of a separatist group on Twitter, which "congratulated" the listing the following day.

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The company's net profit attributable to shareholders decreased by 4.71 percent year-on-year to about 10.61 billion yuan.

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.

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The company will continue to increase investment and employment in the North American country, said Yan.

The company, trading under the ticker symbol of "WEI," announced its initial public offering (IPO) of 4,500,000 American depositary shares (ADSs), each representing one Class A ordinary share, at a price to the public of per ADS for a total offering size of approximately million.