Is Yunnan Baiyao a state-owned enterprise or a private enterprise?

Private enterprises. According to Aiqi's inquiry, state-owned enterprises refer to the wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the investor's duties on behalf of the country respectively, while Yunnan Baiyao Company, whose full name is Yunnan Baiyao Group Co., Ltd., is a listed joint-stock company with no capital contribution from the State Council and local people's governments, so Yunnan Baiyao is not a state-owned enterprise, but a private enterprise.