No, state-owned enterprises refer to state-owned shares accounting for more than 565,438+0%, and Zhongchong shares accounting for 24.86%. The controlling shareholder of Zhongchong shares is Yantai Zhongxing Biotechnology Co., Ltd., so Zhongchong shares are not state-owned. Zhongchong Co., Ltd. is the pioneer of pet food in China and the leading enterprise in the pet industry in China.