Not a state-owned enterprise. According to the inquiry, Xi 'an Daming Palace Industrial Group is a private enterprise in Xi 'an, focusing on real estate development and commercial operation, and providing a business platform for circulation industries such as building materials, home furnishing and department stores. Xi 'an Daming Palace Industrial Group, established in 1993, is a private enterprise focusing on real estate development and commercial operation, providing a platform for circulation industries such as building materials, home furnishing and department stores. Over the past 30 years, adhering to the mission of "building a better life for every family" and the core values of "love, justice, benefit and win-win with one heart and one mind", the enterprise has always maintained healthy development.