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The company indicated to analysts that its A-share listing could take place in the first half of next year, according to banks including Citigroup Inc. The firm had previously indicated the listing would happen this year, according to analysts. A strengthening balance sheet may mean that the listing is no longer "critical" for the firm, Citigroup analysts said in a note.

The company will sell nearly 2 billion shares in this IPO, 80 percent of which will go to Japanese retail investors with a 5 percent dividend, the highest in Japan.

The company plans to hold 51 percent of the new firm's stakes and has submitted application materials to China's top securities watchdog, according to Gao Li, spokesperson with the China Securities Regulatory Commission (CSRC).

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The company, China Youzan Ltd, announced recently at its annual convention that it will prolong its daily working hours to as late as 9 pm every working day, with its employees asked to work six days per week "if emergency projects arise".

The company now has wind farm and solar power assets in the UK, France, Belgium, Ireland and the Netherlands after four years of development, and has become the sixth-largest clean energy operator in France and also the energy company with the greatest investment in Ireland, it said.

The company is particularly delving into consumer-facing solutions. Alibaba's payment affiliate Ant Financial unveiled a biometric identification technology open platform dubbed ZOLOZ, through which organizations can apply Ant's facial recognition, human-machine interaction, and other technologies to a variety of business and civic scenarios.

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The company said then that it would later extend the policy to other topics.

The competition was live streamed on cloud platforms supported by local cultural administrations, and total views are expected to reach 10 million.

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The company has worked with over 450 local licensees and witnessed a double-digit growth in terms of the revenue from the licensed products sold in China. China is Disney' fastest growing market for licensed consumer products by revenue in the world.

The completion of the deal saw the Chinese steelmaker acquire the company's United Kingdom and Netherlands assets, saving about 3,200 jobs after the company collapsed and was funded and run temporarily by the Official Receiver, part of the UK Insolvency Service, since it plunged into insolvency last May.