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The company reported losses of more than 2 billion yuan in both 2014 and 2015, and shook off losses in 2016 with a net profit of 37 million yuan.

BEIJING, Feb. 14 (Xinhua) -- Chinese Foreign Ministry spokesperson Geng Shuang said Wednesday that China is intensifying communication with Shanghai Cooperation Organization (SCO) members on preparations for the SCO summit to be held in Qingdao in June.

At a joint press conference with Minh held after the meeting, Wang said, "We agreed that our two countries are now at a crucial stage of vigorously advancing the causes of reform, renewal and opening up, with ever- increasing economic complementarity."

China stands ready to further promote bilateral ties in the principle of mutual respect, equality, and mutual benefit, he said.

Xi also encouraged both sides to dovetail development strategies, enhance cooperation on the Belt and Road Initiative and within the framework of the Forum on China-Africa Cooperation (FOCAC), and continue to promote cooperation in infrastructure construction, agriculture, investment and financing.