Is Zhejiang Xinda Group Co., Ltd. a state-owned enterprise?

No, Zhejiang Xinda Group Co., Ltd. is a comprehensive group enterprise controlled by Zhejiang Xinghe Group Co., Ltd., a private enterprise, not a state-owned enterprise. Zhejiang Xinda Group is a company controlled by Zhejiang Supply and Marketing Cooperative (Xinghe Group), the backbone of enterprise management and management unit. In 2002, it was established through enterprise restructuring.