The company suffered losses of .4 billion in the fourth quarter of 2018, largely driven by the plunge in paper value of several of its stock investments, revealed its annual report released Saturday.
The company, which has an initial staff of 20, expects to start producing the lipsticks by the end of this year.
The company said it reserves the right to sue the discounter for selling fake products.
The concentration pointed to a continued trend of more resources flowing to a small number of leading companies amid an industrial shake-up.
The company pulled clear of second-placed BYD Co Ltd, which accounted for 17.35 percent. Behind BYD were Shenzhen-based Optimum-Nano Energy Co and Hefei Guoxuan High-Tech Power Energy Co Ltd.
The company intends to make its point-of-care testing available by March 30, according to the FDA.
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The company's products are targeting corporate clients via distributors, it added.
The company will launch an international road show at the beginning of December and list shares in US bourse on Dec 12, with a total initial public offering less than billion. It has obtained 10 times subscription intention from institutions, the report said citing people close to the deal.
The company is also building two factories in the North Kazakhstan Region, which will process up to 1,000 tons of wheat and 1,000 tons of sunflower oil a day, as well as a base to plant wheat and sunflower seeds over 33 hectares. The base will be finished by 2020 and create 300 jobs, Jia said.
The company's net profit attributable to shareholders of listed companies during the period came in at 3.67 billion yuan.