Is Fuyang 7 15 a state-owned enterprise or a private enterprise?

State-owned enterprises State-owned enterprises are economic entities that are directly funded by the state to set up or purchase holding enterprises, and state-owned shares hold more than 50% absolute control rights, and conduct business guidance and supervision. 7 15 Research Institute belongs to China Shipbuilding Industry Corporation, also known as Hangzhou Institute of Applied Acoustics. It is a key military research institute specializing in the development of acoustic, optical and magnetic detection equipment.