Is Xiangjiang Coatings a State-owned Enterprise or a Private Enterprise?

It is a state-owned enterprise. Hunan Xiangjiang Coatings Group Co., Ltd. is a large-scale comprehensive enterprise group focusing on the research and manufacture of coatings and resins, and integrating metal packaging production, equipment production and installation. The company, formerly known as Hunan Paint Factory, was founded in 1950 and is one of the earliest paint enterprises in China.