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Is Nongfu Spring a state-owned enterprise?
Nongfu Spring is not a state-owned enterprise. Nongfu Spring is a company limited by shares. The full name of the company is Nongfu Spring Co., Ltd., the industry is wine, beverage and refined tea manufacturing, and the area is Zhejiang Province. So Nongfu Spring is not a state-owned enterprise, but a private enterprise. Nongfu Spring Co., Ltd., formerly known as Zhejiang Qiandao Lake Yangshengtang Drinking Water Co., Ltd., headquartered in Hangzhou, Zhejiang Province, is a private enterprise listed on Hong Kong Exchanges and Clearing Limited, focusing on the development and promotion of natural water, fruit and vegetable juice drinks, special-purpose drinks and tea drinks. 1996, Zhejiang Qiandao Lake Yangshengtang Drinking Water Co., Ltd. (predecessor of Nongfu Spring Co., Ltd.) was founded by Zhong Shanshan in jiande city, Zhejiang.
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