No, the two concepts are different: Chinese time-honored brand refers to a brand with certain history, influence and representativeness in a certain field or industry in China, and its business scope can involve various industries. State-owned enterprises refer to enterprises funded or controlled by the state, and their ownership and control rights are exercised by state representatives, usually to promote national economic development and maximize social interests. Therefore, not all Chinese time-honored brands are state-owned enterprises, but some are private enterprises or joint-stock enterprises and other forms of enterprises.