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As of the end of last year, Foliday had total cash and cash equivalent of approximately 2.1 billion yuan and unused bank loan facilities amounted to about 2.5 billion yuan, which will provide sufficient proceeds for the company's business development, Foliday said in its fiscal report.

As of June 30, the non-performing loan balance of Agricultural Bank of China Ltd declined by 8.1 billion yuan (.2 billion) from the beginning of this year to 185.9 billion yuan. Its NPL ratio dropped by 19 basis points to 1.62 percent.

As one of the first Chinese companies to tap the new energy sector, Wanxiang kick-started the deployment in this sector years before. It has obtained approval from the National Development and Reform Commission and became a qualified electric vehicle-maker.

As of the end of 2018, its non-performing loan ratio dropped by 0.03 percentage points year-on-year to 1.46 percent, while its NPL balance increased 4.5 percent to 200.88 billion yuan.