Is Yantai Xinhua Bookstore a public institution?

Yantai Xinhua Bookstore is not a public institution. According to relevant information, Yantai Xinhua Bookstore is a state-owned enterprise, not a public institution. As a state-owned enterprise, it has an independent legal person status in operation and management, is responsible for achieving profitability and market competition, and pays relevant taxes and fees to the state. Institutions refer to legal person organizations, such as schools, hospitals and cultural centers. Established by the government to exercise public functions and provide public services according to law. Therefore, although Yantai Xinhua Bookstore also provides cultural services, it does not belong to the category of public institutions.