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The company has recently entered into a partnership with Alibaba Cloud, the cloud-computing arm of Alibaba, to deliver such hybrid cloud solutions and help organizations with their digital transformation.

The company has become a global supplier of auto giants such as BMW, Mercedez-Benz and Toyota.

The collapse happened at a construction site along the city's metro Line 11, at the intersection of Guangzhoudadao Road and Yudongxi Road, causing a cleaning vehicle and a scooter to plunge into a watery pit some 38 meters deep.

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The combined profits of China's SOEs amounted to 1.82 trillion yuan (4.5 billion) in the first six months, up 7.2 percent year-on-year, the ministry said in an online statement. The growth rate slowed from the 8.7-percent increase in the first five months, the official data showed.

The company built its first wind farm in Panama in 2013, which produced green power that accounted for about 8 percent of the country's power consumption just a year after its operation.

The company also received investment from a subsidiary of Berkshire Hathaway Energy, the investment company backed by Warren Buffett, in May.

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The commission has vowed steps like increased supply and regulatory efforts to stabilize coal prices. It said the recent rally in coal prices was not supported by market fundamentals.

The company adjusted its year-on-year revenue growth guidance for the first quarter from 0 to 2 percent to 6 to 8 percent. Its gross profit margin guidance was also raised from 21 to 23 percent to 25 to 27 percent.

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The comments were made as the recently announced intention of the US to impose tariffs has heightened global concerns over potential trade confrontations, particularly those between the world's two largest economies.

The company has also contributed to other innovations in the Nestlé portfolio, including whole protein powder products and probiotics.