Is Shanghai Huayi Group a state-owned enterprise or a private enterprise?

Shanghai Huayi Group is a state-owned enterprise. Shanghai Huayi (Group) Company is a large-scale enterprise group company authorized by the State-owned Assets Supervision and Administration Commission of Shanghai Municipal Government through asset reorganization.

Brief introduction of Shanghai Huayi Group:

The wholly-owned and holding enterprises of Shanghai Huayi Group include more than 20 subsidiaries including Shuangqian Group Co., Ltd., Shanghai Tianyuan (Group) Co., Ltd., Shanghai Coking Co., Ltd., Shanghai Chlor-Alkali Chemical Co., Ltd. and Shanghai Wujing Chemical Co., Ltd..

Shanghai Huayi Group's main business includes coal-based cogeneration and clean energy products, tire rubber products and polymer materials, fine chemicals, chemical logistics and chemical services, biomedicine and biochemical products. The products involve nearly ten thousand kinds of basic chemicals, clean energy, rubber products, plastics, coatings, dyes and pigments, fluorine chemicals, reagents, additives, pharmaceutical intermediates, biochemical products and chemical equipment.

Huayi Group also pays attention to attracting foreign investment and strengthening foreign cooperation. At present, more than 40 Sino-foreign joint ventures have been established with internationally renowned chemical companies such as DuPont, BASF, Bayer, Michelin, cabot and Acoma. It has also established cooperative relations with well-known domestic enterprises such as Baosteel, Sinopec and Shenhua Group.