Suining Municipal People's Government stated that Suining Kaida Investment Co., Ltd. was established on 1993. It is a state-owned enterprise funded by Suining Xingye Asset Management Company, Suining Economic and Technological Development Zone Management Committee and China Agricultural Development Key Construction Fund Co., Ltd..

State-owned enterprises refer to organizations established in accordance with the law and engaged in production and business activities, all or mainly funded by the state and owned by state-owned enterprises.