Is Hangzhou Huadong Medicine a state-owned enterprise or a private enterprise?

State-owned enterprise, East China Pharmaceutical Group Corporation, formerly known as Zhejiang Pharmaceutical Factory, was founded in 1952, and has a development history of 50 years.

1992, the group company was only a medium-sized pharmaceutical enterprise in Hangzhou pharmaceutical system. After nearly six years of hard work, it has developed into a joint-stock enterprise-Huadong Pharmaceutical Co., Ltd., and a number of Sino-foreign joint ventures (Hangzhou Zhongmei Huadong Pharmaceutical Co., Ltd., Hangzhou Moshadong Pharmaceutical Co., Ltd., Hangzhou Jiuyuan Genetic Engineering Co., Ltd., etc. ) and several holding pharmaceutical and chemical production enterprises. The group company is good at seizing the opportunity, and by virtue of the advantages and development potential of high-tech pharmaceutical products, it has become one of the "Top Ten Enterprise Groups in Hangzhou" and the 18 Large Enterprise Group specially cultivated by the Zhejiang Provincial Government, and also one of the 520 "National Key Enterprises" of the State Economic and Trade Commission.