Is Guangzhou Xingqun Pharmaceutical a state-owned enterprise?

Yes According to the information of official website of the State Administration for Industry and Commerce, the company's capital is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. Guangzhou Xingqun Pharmaceutical Co., Ltd. is a subsidiary of Baiyunshan Pharmaceutical Group and has been renamed Guangzhou Baiyunshan Xingqun Co., Ltd.