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Is Hai Yin Group a state-owned enterprise or a private enterprise?

Private enterprises. According to Hai Yin Group, Hai Yin Group is a private enterprise. Hai Yin Yongye (Group) Co., Ltd. of Guangdong Province, the full name of which is Hai Yin Group, is a joint-stock limited company approved by Guangdong Economic System Reform Committee (Guangdong Stock Examination (1992) 126) 1992, and established by the original Maoming No.1 Chemical Plant as the initiator by means of directional fundraising.