According to Tianyancha, Shandong Chenming Paper Group Co., Ltd., founded in 1993, is located in Weifang City, Shandong Province, and is an enterprise specializing in papermaking and paper products. The registered capital of the enterprise is 2,979,742,200 yuan, which is a legally operated enterprise approved by the Ministry of Industry and Information Technology. Shandong Chenming Paper Group Co., Ltd. is a state-owned enterprise. The actual controller is Shouguang State-owned Assets Supervision and Administration Office, which means that enterprises are supervised and controlled by the government in terms of ownership and management rights. Chen Ming Group is regarded as a successful model of state-owned enterprise reform and one of the enterprises with the best economic benefits in Wuhan.