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How about Shen Gong wine in Pingchang, Sichuan?
Things started in the 1980s. The main problem is that wine is brewed with top-grade pure grain wine and wild cordyceps sinensis, and now a cup is hard to find. At that time, the factory belonged to the local SASAC. Later, state-owned enterprises declared bankruptcy unprofitable. In order to solve the resettlement problem of laid-off workers from state-owned enterprises, it was converted to private operation one year later. However, private enterprises failed to brew authentic magic wine after all, and went bankrupt again in a short time.