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The company is also striving to coordinate with multiple sides to maintain the supply of industrial production materials, and logistics services, so as to ensure the sustainability of businesses, YMTC said in a statement.

The company signed contracts worth 25.04 billion yuan (.97 billion) with clients from both domestic and overseas markets in 2017. Its profit was 1.27 billion yuan, thanks to its diversified product categories, expanded sales channels and go-global strategy.

The company's self-innovated air energy heat pumps cover all stadiums, Asian Games Village and the media village in Jakarta, helping greatly reduce consumption of electricity, which is generated by fossil fuels.

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The company plans to list on the NASDAQ under the symbol "TIGR," with an expectation to raise up to 0 million in the IPO, according to its prospectus filed with the US Securities and Exchange Commission.

The company received over 3,800 purchase demands in various goods categories from 102 local governments across China, with total volume reaching 220 million pieces or sets.

The company is also involved in facial recognition, fingerprint data collection, and manufacture of chip-embedded passport cards and work permits. Chinese authorities dealing with foreigner affairs in China use its information management system, Wang said.

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The company will launch an international road show at the beginning of December and list shares in US bourse on Dec 12, with a total initial public offering less than billion. It has obtained 10 times subscription intention from institutions, the report said citing people close to the deal.

The company, according to Song, has set up a branch in the Republic of Congo for copper mining, which is seeing positive returns. The group also has a gold project in Russia and will start a new project in Kyrgyzstan.

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The company said it will concentrate on artificial intelligence, 8K and 5G technologies to create more opportunities this year and will increase its investment in research and development.

The company launched "Taobao Collection" site on Lazada platform that helps Chinese vendors to sell goods in Singapore and Malaysia. By the end of this year, the site will open in Indonesia, Thailand and the Philippines.