Is Yili a state-owned enterprise?

According to Aiqi.com, Yili is a state-owned enterprise. Yili, called Inner Mongolia Yili Industrial Group Co., Ltd., is a state-owned holding company headquartered in Hohhot, Inner Mongolia. Yili was founded in 1993. It was originally a collective enterprise, and later it was restructured into a joint-stock system, with state-owned capital becoming the largest shareholder. In addition, Yili is a local government-controlled enterprise, which belongs to SASAC in Hohhot. Yili Group ranks among the top five dairy companies in the world and ranks first in Asian dairy industry for ten consecutive years. In the first three quarters of 2023, the total operating income reached 97.404 billion yuan, going straight to the "100 billion" mark. China is the largest dairy enterprise with the most complete product range. It is the only dairy enterprise in China that meets the Olympic standards and provides services for the 2008 Beijing Olympic Games. It is also the only dairy enterprise in China that meets the World Expo standards and provides services for the 20 10 Shanghai World Expo in China.