Longnan Fumin Industry Development Co., Ltd. (referred to as: Longnan Fumin Company) was established in April 2018. It is a state-owned enterprise managed by the State-owned Assets Supervision and Administration Commission of Longnan Municipal Government, with a registered capital of 500 million yuan and 6 business departments. The main function is to play the guiding role of state-owned capital and government funds, build an integrated development system of production, processing, sales, agriculture, industry and trade of agricultural characteristic industries, and integrate the city's pillar agricultural industry resources such as Chinese herbal medicines, pepper, olives, and walnuts.