As a private joint-stock enterprise, Shandong Lihai Chemical Co., Ltd. is more flexible in management and decision-making than state-owned enterprises. The management right and ownership of private enterprises are usually integrated, so they can make decisions quickly and adjust their business strategies.
In addition, private enterprises usually pay more attention to market orientation and can adapt to market changes quickly. Therefore, although Shandong Lihai Chemical Co., Ltd. is not a state-owned enterprise, it still has certain competitiveness and influence in the market.