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Beside startups, it has won more popularity among small and medium-sized companies these days due to its low cost, flexible tenancy term and multiple functions.

Besides, the tax authorities reduced a part of tariffs on imported materials, components and purification room system. This saved another 200 million yuan for TCL CSOT, according to Yang.

Besides, the company said it has not yet made significant progress in business transformation, which led to a turn from profit to loss last year.

Besides Chen, Wang Hesheng, vice-minister of the National Health Commission, has also been appointed a standing committee member of the CPC Hubei Provincial Committee in a move to bolster the front-line efforts.

Benefiting from the country's ongoing supply-side reform, Chinese listed companies from traditional sectors are showing increased prosperity as they report positive fiscal results for 2017.