Is Shunte Electrical Equipment Co., Ltd. a state-owned enterprise?

Shunte Electrical Equipment Co., Ltd. is not a state-owned enterprise. Shunte Electric Equipment Co., Ltd. is a Sino-foreign joint venture jointly invested by Shunte Electric Co., Ltd. and Schneider Electric of France. Although the state holds part of the shares, Schneider Electric is mainly responsible for the daily management decisions of the company, so it cannot be regarded as a state-owned enterprise.