No, Baiyuantang is not absolutely controlled by the state, so it is not a state-owned enterprise. Guangdong baiyuantang pharmaceutical co., ltd, formerly known as Guangzhou baiyuantang health care products co., ltd, was established in August 1998. With the strong support of provincial and municipal food and drug administrations, Guangdong Baiyuantang Pharmaceutical Chain Co., Ltd. was formally established in September, 20001year, and obtained the qualification of cross-regional chain operation. Before the establishment of the company, it has been engaged in the pharmaceutical industry for fifteen years. After more than seven years of rapid development, it has been established in Guangzhou, Panyu,