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Is Huabei Pharmaceutical a central enterprise or a state-owned enterprise?
Huabei Pharmaceutical is a state-owned enterprise. According to the inquiry of official website of Huabei Pharmaceutical, Huabei Pharmaceutical Group Co., Ltd. (hereinafter referred to as Huayao Group) is located in Shijiazhuang, the capital of Hebei Province, and has been officially transformed into a wholly state-owned company-Huabei Pharmaceutical Group Co., Ltd. Over the years, Huabei Pharmaceutical Group has been adhering to the corporate purpose of "human health first, quality first forever", constantly innovating, steadily operating, gradually expanding its business scope and maintaining excellent development performance. The main economic and technical indicators have been in the forefront of the same industry in China. According to the control right and business objectives, state-owned enterprises are defined as enterprises with commercial or non-commercial objectives that the government can effectively control directly or indirectly.
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