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The company's net income attributable to ordinary shareholders for the fourth quarter, however, dropped 88 percent year-on-year to 3.16 billion yuan. The company ascribed the decrease primarily to a net loss in investment income.

The company is famous for its lipsticks, a souvenir which is one of the favorites for travellers to the Forbidden City.

The company said it will open a flagship store on Tmall, Alibaba Group Holding Ltd's business-to-consumer shopping site, on Sept 9 this year. Chinese consumers will also be able to purchase the ceramic mugs via Ember's official website.

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The company planned to raise the price of corn by 40 yuan (.70) per metric ton. That would give every impoverished household an additional 1,600 yuan of income this year, Bai said.

The company resumed production on Feb 10, when 80 percent of its employees returned to their workplaces. A week later, all its 290 employees came back to work.

The company said the deals show its willingness to?cooperate deeper with partners on the global industrial value chain, which?is good for the healthy development of both Chinese and the international steel industry.

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The competition featured three other Chinese companies: travel solutions enterprise Aoorey Global; ear-health technology business Sesame World Technology and Beijing Puquan Scientific Technology, which has developed an underground irrigation system.

The company's parent groups, Renault-Nissan Alliance and Dongfeng Motor Group, have also entered into a new joint venture to co-develop and sell electric vehicles in China.

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The company touts "working at home" and "no lesson planning is required" as perks in the job description.

The company's net profit increased 127 percent year-on-year in 2018, and is expected to grow at least 30 percent this year, he said.