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The company's net profit attributable to shareholders of listed companies during the period came in at 31.14 billion yuan, reversing the previous downward trend and gaining 3.9 percent year-on-year.

The company is the aviation leasing arm of the State-owned China Development Bank Financial Leasing Co Ltd.

The company maintained that it has strong data privacy and security protection measures in place, and no backdoors will be created in any of its systems.

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The company is exploring possibilities with investment banks about a standalone IPO for Douyin, according to Reuters.

The company risks reducing the value of its models over time, a hidden cost to buyers that also makes it harder to finance competitive leases.

The company plans to expand its annual manufacturing capacity from 15 to 50 by adding another production line. "Once we have mass production of the aircraft, we will start research and development for a five-seat model amphibious light sports aircraft," added Mao.

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The company, Jiangsu Tianjiayi Chemical Company, stored dangerous chemical waste illegally in its warehouse for a long time and that caused the blast, said the administration.

The company will exert its edge in research and production, boost related industries to settle in Xi'an and contribute to the economic and social progress.

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The company's net profit increased 97.73 percent from a year ago to 533.85 million yuan (nearly million) in January-June, according to a mid-year report released Tuesday. After the deduction of one-time gains, the growth rate retreated to slightly higher than 20 percent, still an enviable pace in the industry.

The company, based in Shen-zhen, Guangdong province, said these new charges are without merit and are based largely on recycled civil disputes from the past 20 years that have been previously settled, litigated and in some cases, rejected by federal judges and juries.