Isn't Guangzhou Baiyun Yingkang Pharmaceutical a state-owned enterprise?

Yes According to the inquiry of Guangzhou Baiyun Yingkang Pharmaceutical, Guangzhou Baiyun Yingkang Pharmaceutical is a state-owned enterprise, and Guangxi Baiyun Mountain Yingkang Pharmaceutical Co., Ltd. (hereinafter referred to as "Baiyun Mountain Yingkang Pharmaceutical") was founded in 1960, formerly known as Pharmaceutical Factory of Guangxi Pharmaceutical Research Institute, which is a high-tech enterprise of Guangzhou Pharmaceutical and a technical center of Guangxi Enterprise.