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Is Yongrong Holding Group a state-owned enterprise or a private enterprise?

The group is a private enterprise.

According to Tianyancha, Fujian Yongrong Holding Group Co., Ltd. was established in 2009, formerly known as the fiber factory founded by 1979. For more than 40 years, with the joint efforts of generations of Yongrong people, the enterprise has been deeply cultivated and thrived, and developed into a supply chain service with new petrochemical nylon materials as its main business.

Fujian Yongrong Holding Group Co., Ltd. is not a state-owned enterprise, but a wholly-owned enterprise invested or controlled by natural persons.