Is Shanghai Xinyi a state-owned enterprise?

This company is a state-owned enterprise.

Established in 19 16, Shanghai shangyao brand is the largest industrial manufacturing enterprise under the Shanghai shangyao group, a century-old national medicine enterprise and a state-owned enterprise. The company is located at No.905, Xinjinqiao Road, Pudong New Area, and has become one of the most complete industrial entities in China.