Is Hesheng Resources a state-owned enterprise or a joint venture?

The state-controlled joint venture company is a state-owned joint venture company. It is not a pure state-owned enterprise, its financial income is distributed according to the proportion of shares, and its management system is more free than that of state-owned enterprises (such as the entry and exit of personnel), but it basically implements the management model of state-owned enterprises. Generally speaking, its income is slightly higher than that of ordinary state-owned enterprises, but it has less shadowless benefits.