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"Going public means more financial support and industrial recognition," said Zhou Zhihan, general manager of Kaixin Financial, a P2P wealth management platform set up by China Development Bank.

"Flammable finishing materials have been a great source of problem in major blazes," he said, citing the Grenfell Tower inferno in June that killed 71 people.

"Food still takes up 95 percent of our product portfolio and is a crucial part of our business," Batato said, noting the company's emphasis on product innovation.

"Generally speaking, the product is meant to take the place of aluminum foil in similar industrial applications, like the fields of aerospace, electronics, petrochemicals and automobiles.

"Getting the virus in check dictates when there'll be relief from this economic nightmare, and it doesn't look like it will be soon," said Ann Elizabeth Konkel, an economist at Indeed, a job listings website.