The company set up its fourth research center in China, specializing in water treatment, last year in Shanghai.
The company said earlier that the new plant will produce robots that can be used in a wide range of sectors including food and beverage, chemical, communication and consumer electronics product manufacturing, logistics, automobile and service industries. It will also supply robots to global markets.
The company logo of China Shenhua Energy Co Ltd is displayed during a news conference following the company's annual results in Hong Kong, China, March 29, 2016. [Photo/VCG]
The company intends to use the net proceeds of this offering primarily for expansion of its businesses, development and introduction of new mining machines, corporate branding and marketing activities and general corporate purposes.
The company's products are widely used in agricultural industries, currently covering and monitoring 193 crops such as tea and fruits in 1,035 plantations in 20 provinces and autonomous regions nationwide.
The company said supply constraints for key components in the sector, as well as cost increases, would continue to bring short-term challenges in its business environment.
长沙网站排名优化
The company on July 16 opened its store in Hangzhou Railway Station and has plans to open more locations at airports and high-speed railway stations in first- and second tier cities.
The company's Jiangsu Xiangshui offshore wind farm, China's first wind power project to transmit power via an offshore transformer substation constructed in the outer waters of Xiangshui county in Jiangsu, started commercial operation in 2016, said the company.
The company's philosophy "to serve first, then sell" is shared among the dealership partners, according to Tang Xiaoxiong, vice-president of Shanghai Baode Group.
The company said it has produced about 82 million sensors for advanced driver assistance systems over the past few years.