According to the statement issued by Qingdao State-owned Assets Management Office on June 1 2002, Haier Group was recognized as a collective-owned enterprise, not a state-owned enterprise. Collective-owned enterprises refer to the forms of enterprises in which collective economic organizations or laborers collectively invest, operate and benefit. Headquartered in Qingdao, Haier Group is a well-known enterprise ranked 79th among the top 500 Chinese enterprises. In 2022, the company achieved revenue of 350.6 billion yuan, net profit of 208 15 billion yuan and total assets of nearly 500 billion yuan. Haier Group is also one of the largest taxpayers in Qingdao and is considered as one of the world brands in Qingdao. Although Haier Group is in the forefront of the world's home appliance industry, according to the data, it is not a state-owned enterprise, but a collective-owned enterprise.