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Is Dafeng Securities Company a state-owned enterprise?

No.

According to inquiries from Qichacha and Changhe.com, Dafeng Securities Company refers to the securities department of Dafeng Industrial Co., Ltd., which is responsible for the management and operation of the company’s stock business. Dafeng Industrial Co., Ltd. is a comprehensive enterprise mainly engaged in the research and development, production and sales of cultural and sporting goods, health and wellness products, smart technology products and other products. It was successfully listed on the Shanghai Stock Exchange on April 20, 2017. Dafeng Securities Company is not a state-owned enterprise, but a private enterprise. According to the 2020 annual report of Dafeng Industrial Co., Ltd., the company’s controlling shareholder is Zhejiang Dafeng Industrial Group Co., Ltd., which holds 32.67 shares of the company, while the legal representative of Zhejiang Dafeng Industrial Group Co., Ltd. is Chen Jianhua, a private company entrepreneur.