Is Beijing Tongrentang a state-owned enterprise?

Beijing Tongrentang is a state-owned enterprise. China Beijing Tongrentang Group Company was founded on1992,2001and was restructured into a wholly state-owned company. The modern enterprise system has been gradually established and improved in Tongrentang Group. Beijing Tongrentang is a state-owned enterprise, and its industry is pharmaceutical manufacturing. Headquartered in Beijing, China, Tongrentang is one of the famous brands and sales channels of traditional Chinese medicine in China. Tongrentang enjoys a high reputation in China and even the whole world. It is a famous time-honored brand in Chinese medicine industry. Founded in 1669 (the eighth year of Emperor Kangxi of Qing Dynasty), it has been devoted to the cause of imperial doctors since 1723. After 188, the product formula is unique.