Is the Third Ring Road state-owned or private?

State-owned enterprises According to Aiqi official website, Sanhuan Group Company is a provincial large-scale enterprise managed by the State-owned Assets Supervision and Administration Commission of Hubei Provincial People's Government, which belongs to state-owned enterprises. Sanhuan is mainly engaged in the production and operation of special purpose vehicles, auto parts and electromechanical products. It owns two listed companies, Sanhuan and Xiangyang Bearing, and is a leading enterprise in the mechanical automobile industry in Hubei Province.