Is Shanghai Volkswagen Gas Co., Ltd. a state-owned enterprise?

Shanghai Volkswagen Gas Co., Ltd. is a state-owned enterprise. According to relevant public information, Shanghai Volkswagen Gas Co., Ltd. is a state-owned enterprise of regional city gas operation under Shanghai Gas Group, which integrates gas sales, transportation and service. The company was established on September 28th, 20001year, with a registered capital of 800 million yuan. Shanghai Gas (Group) Co., Ltd. and Shanghai Volkswagen Public Utilities (Group) Co., Ltd. each hold 50% shares. The company has branches such as business office, transmission and distribution department, gas supply department, natural gas conversion branch, etc., with more than 400 employees 1.6 million gas users in the area west of Huangpu River and south of Suzhou River, with an underground pipe network of more than 5,600 kilometers and three large gas storage and distribution stations, with a nominal total gas storage capacity 1.9.