When did Shandong Fengyuan Group become a state-owned enterprise?

Shandong Fengyuan Group has no plans to become a state-owned enterprise. According to the query of enterprise official website, this enterprise is a joint-stock enterprise with coal as the main business and diversified operation. The Group has more than 20 member enterprises, with assets of nearly 654.38 billion yuan and more than 4,000 employees. It is the production and operation of coal, electricity, heat, paper products and LSB high-end plate products, as well as agricultural and forestry development, logistics trade, financial leasing and cultural tourism.