Fuxing Pharmaceutical is a private enterprise, namely Shanghai Fosun Pharmaceutical (Group) Co., Ltd., which is engaged in pharmaceutical manufacturing and research and development, medical services, medical diagnosis and medical devices, drug distribution and retail. State-owned enterprises refer to enterprises with state-owned shares or the proportion of state-owned shares exceeding 50%, while Fuxing Medicine is a private enterprise, and the proportion of state-owned shares exceeding 50% does not exist in its shareholding structure. Therefore, it can be clearly said that Fuxing medicine is not a state-owned enterprise.