Is Hainan Coconut Tree Group a state-owned enterprise?

The group is not a state-owned enterprise.

Hainan Coconut Tree Group is a professional company engaged in deep processing of tropical fruits such as coconuts in Hainan Province, one of the top ten enterprises in China beverage industry and the largest natural plant protein beverage manufacturer in China. Coconut Tree Group, formerly known as Haikou Canning Factory, was established in 1956.

Coconut Tree Group has developed from a single wholly state-owned enterprise to a private employee joint-stock enterprise and a state-owned small and medium-sized enterprise.