Is Yunnan Baiyao Company a state-owned enterprise?

Yes According to the query of official website of Yunnan Baiyao Company, Yunnan Baiyao Company is a state-owned enterprise. 1993 On May 3, Yunnan Baiyao Group Co., Ltd. was established in Yunti (1993) with the approval of Yunnan Economic System Reform Committee. Yunnan Baiyao Factory reformed the modern enterprise system and established Yunnan Baiyao Industrial Co., Ltd., which was registered in Yunnan Administration for Industry and Commerce.