The company's total revenues were 6.4 million in the quarter, representing a 146.5 percent surge from the same period last year.
The company's performance forecast showed net profit, excluding non-recurring items, could reach 3.18 billion yuan (2 million) last year, thanks to China's booming new energy vehicle (NEV) market. CATL is a company listed at Shenzhen Stock Exchange.
The company said Sugar smartphone works as a more powerful and convenient translation platform.
The company's Cloud VR platform has already played an active part in offering rich VR content to consumers amid the COVID-19 pandemic. For instance, it has enabled consumers to see the 360-degree livestreaming of Mount Qomolangma.
The company's share price reached 1,183.3 yuan on Thursday, pushing its market value to 1,486.49 billion yuan.
The competition was launched by the Ministry of Education of China in 2014 and, this year, attracted more than 6,400 participants from China and the United States, nearly 400 of whom successfully worked their way into the finals, which were held in Beijing earlier this month.
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The company, trading under the ticker symbol of "UXIN", announced its IPO of 25 million American depositary shares (ADSs) at a price to the public of .0 per ADS.
The company today announced that longtime execs Andy Jassy and Jeff Wilke will now hold the titles of CEO, albeit in their respective divisions. Jeff Bezos remains the CEO of the entire company, which has aggressively diversified its business beyond online commerce in recent years to include devices, media, gaming, cloud technologies and logistics.
The company's devices equipped with chronic management system proved to be of immense help to the medical professionals in Wuhan, especially while treating COVID-19 patients with diseases such as diabetes. The process was laborious as it included frequent monitoring of blood sugar levels in a day and manual storage of data.
The company's premium income from property insurance reported an annual growth of 11 percent last year, reaching 388.8 billion yuan, according to Bai Tao, the president of PICC group.