Yes
According to official website, who inquired about the national enterprise credit information publicity system, Shanghai Xinya Pharmaceutical is a state-owned enterprise. Established in 1926, Shanghai Xinya Pharmaceutical Co., Ltd. is one of the earliest enterprises in China ethnic medicine industry. 20 1 1 In September, Shanghai Pharmaceuticals completed the acquisition of 96.9% equity of Xinya and 0/00% equity of Shanghai Kang Hua Pharmaceuticals, and the antibiotic business, mainly Xinya Pharmaceuticals, was reorganized into listed companies.