Is Lunan Pharmaceutical a state-owned enterprise?

Lunan Pharmaceutical is not a state-owned enterprise, but a joint-stock company. The company is a national key high-tech enterprise recognized by the Ministry of Science and Technology, and a comprehensive pharmaceutical group that produces traditional Chinese medicines, chemical medicines, biological agents and raw materials. Its business scope includes: production and sales of raw materials, packaging items, etc.

Lunan Pharmaceutical Group is a comprehensive pharmaceutical group integrating the production, scientific research and sales of medicine, chemicals and biological products. It is a national innovative enterprise and a key high-tech enterprise in the national torch plan. Its member enterprises include Lunan Houpu Pharmaceutical Co., Ltd., Lunan Beite Pharmaceutical Co., Ltd. and Shandong New Age Pharmaceutical Co., Ltd., ranking among the top 500 competitive enterprises in China and the top 500 private enterprise manufacturing enterprises in China. It has been on the list of top 100 taxpayers in Shandong Province 100 for many years in a row, and ranked 30th in the list of top 100 pharmaceutical companies in China in 2020. In 2022, the brand value of Lunan Pharmaceutical reached110.53 million yuan.

Lunan Pharmaceutical Group has a number of high-level R&D platforms, such as the National Chiral Pharmaceutical Engineering Technology Research Center, the National Engineering Laboratory for Efficient Expression of Mammal Cells, the State Key Laboratory of Traditional Chinese Medicine Technology, and the National Enterprise Technology Center. It has established technical cooperation relations with more than 100 universities and research institutes at home and abroad, and the innovation ability of enterprise technology center ranks in the forefront of the national pharmaceutical industry. It was selected as one of the top 100 enterprises in China in 20 17, and won the second prize of national technological invention 1 item, seven second prizes of national scientific and technological progress, and the "ho leung ho lee foundation Science and Technology Innovation Award" in 20 18.

The enterprise has established a quality assurance system that conforms to the international quality supervision concepts such as ICH, FDA and EDQM. All dosage forms and varieties have passed the national GMP certification, and won the title of "Best Industrial Enterprise in China Pharmaceutical R&D Product Line" for many times, and the overall quality management level ranks among the top in the same industry in China. The enterprise is in the leading position in the same industry in terms of product quality, independent innovation ability and management level, and was selected as one of the top 500 Chinese enterprises and won the sixth Shandong Provincial Governor's Quality Award.

state-owned enterprise

Wholly state-owned enterprise

Such state-owned enterprises are all funded by the government and are bound by the Company Law. Mainly social goals, followed by economic goals. Such as railways, gas, electricity, water, oil and so on. Their aim is to maximize social welfare and basically do not seek surplus profits from consumers.

State-owned holding company

Such state-owned enterprises are controlled by the government and bound by the Company Law. Its social public goals and economic goals are to support social public goals with economic goals. Such as electronics and medicine. Generally, they are natural monopoly enterprises or pillar industries of national economic development. The way they provide public services to the society is mainly to pay dividends and bonuses to the state finance.

State-owned stock company

In such enterprises, the government is only an ordinary shareholder and accepts the norms of the company law. It is no different from ordinary social enterprises, focusing on economic goals and having no mandatory social goals. State-owned joint-stock companies belong to state-owned enterprises in a broad sense, but not in a narrow sense.