Why is Shilong Industry not a state-owned enterprise?

On the verge of bankruptcy.

Long Industry, once an old state-owned enterprise, is in trouble and on the verge of bankruptcy because of too many debts, unclear rights and responsibilities and heavy burden on old employees. In June 2003, 5438+February, it was restructured into a private enterprise.

Founded in 2003, Jiangxi Shilong Industrial Co., Ltd. is located in Jingdezhen City, Jiangxi Province, and is an enterprise mainly engaged in manufacturing chemical raw materials and chemical products.