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The company is taking steps to expand overseas, with the countries and regions involved in the Belt and Road Initiative as a main focus.

The company, based in Foshan, a manufacturing base in the heart of the Pearl River Delta region, along with some 25,000 domestic exporters, is optimistic of higher sales during the biannual China Import and Export Fair. Internationally known as the Canton Fair, the event is long regarded as the barometer of China's trade performance.

The company's free videos on pet training on social media accounts also saw a sharp increase in viewership.

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The company is working to attract video lovers with its latest 5G handsets which feature anti-shaking cameras and the ability to shoot videos in dark conditions.

The company said the growth was driven by optimizing different business sectors including advertising services, entertainment content services and online ticketing.

The company said in a statement that in October it will expand to the northern Chilean cities of Antofagasta, La Serena and Coquimbo; central cities of Rancagua, Talca, Concepcion and Temuco; and the southern city of Puerto Montt.

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The company said it had fully accepted the authority's criticism, and would make serious efforts to learn from the lesson and reinforce its management to become more responsible.

The company, controlled by billionaire Hui Ka Yan, reported a 250 percent jump in core first-half profit, which excludes one-time items, to 27.3 billion yuan on Monday, citing increased property sales and prices.

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The company, which has an initial staff of 20, expects to start producing the lipsticks by the end of this year.

The company, whose sales reached 2.2 billion yuan (8.7 million) in 2016, owns seven wholly owned subsidiaries, 19 construction tile processing lines and two light new material construction lines, producing more than 30 million square meters of tiles annually.