Why is Huang Fu Group a state-owned enterprise?

It is a private enterprise, not a state-owned enterprise. Huang Fu Group, headquartered in Chaohu, Anhui Province, was founded in 1987, formerly a collective workshop with only 10 workers. After 30 years of rapid development, it has become a large-scale private enterprise group, not a state-owned enterprise, with steel structure, high-grade German T-shaped solid wooden door, deep processing of aquatic products and intelligent transportation as the leading industries, and moderate cross-industry coordinated development in the fields of electronic control equipment, financial investment, architectural design, real estate development and eco-tourism.