Why did Black Peony Group become a state-owned enterprise?

The overall strength of the company is strong. According to Aiqi's research, Black Peony Group Co., Ltd. is ahead of its innovation consciousness, with three business segments: textile and clothing, new urbanization construction and new infrastructure, with total assets exceeding 30 billion yuan, and over 40 wholly-owned and holding subsidiaries under its jurisdiction, which is strong enough to be promoted to state-owned enterprises.