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The company is one of the country's leading railway vehicle and equipment manufacturers and exporters.

The company said its software will also be open-source. That includes software like server operating systems, databases and AI development frameworks. The move will help partners develop better commercial software more easily.

The company said it will continue to upgrade business models, improve services and control costs in 2019, predicting sustained growth in air travel demand and a better business environment.

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The company's financial report said revenue grew 15.3 percent year-on-year to 1.5 trillion yuan (9.8 billion) in the first six months of 2019.

The competition in the 5G market has also intensified, with Huawei, Xiaomi, Oppo and Vivo all scrambling to launch devices that encompass all price segments so as to reach more customers.

The company is ranked 20th in the world listings of accountancy networks by revenue.

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The company is located in Dazhangzhuang village, Anxin county, Baoding, which is a less developed region in the central part of Hebei province.

The company's salesmen said more than 200 litter boxes are sold via China's e-commerce platforms each month, each costing over 5,000 yuan.

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The company officially unveiled eight liquor and tobacco duty-free stores spanning 3,400 square meters at Hong Kong International Airport on Thursday, in a joint venture with French travel retailer Lagardere Services under a new brand of Duty Zero by CDF.

The comprehensive solvency ratio of the 178 insurers reviewed by a regulatory meeting stood at 247 percent by the end of Q2, up 1.7 percentage points compared with Q1, according to the China Banking and Insurance Regulatory Commission (CBIRC).