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Is Zibo Xinda Pharmaceutical a state-owned enterprise?
Yes
According to Aiqi's investigation, Zibo Xinda Pharmaceutical Co., Ltd. was established in 1993 with a registered capital of 26.93 million yuan, of which Shandong Xinhua Pharmaceutical Group Co., Ltd. holds 80% and Shandong Xinhua Pharmaceutical Co., Ltd. holds 20%. The holding parent company, Shandong Xinhua Pharmaceutical Group Co., Ltd., with total assets exceeding 3 billion yuan, is known as the largest production and export base of antipyretic and analgesic drugs in China.
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