Is Jingsheng Hefu developer a state-owned enterprise?

No, according to official website information of Hunan Jingsheng Ronghe Real Estate Development Co., Ltd., the enterprise type of Jingsheng Ronghe Real Estate Development Co., Ltd., the developer of Jingsheng Fuhe, is a limited liability company (invested or controlled by a natural person). The main business is to sell building materials, hardware products, mechanical and electrical equipment, general mechanical equipment, electronic products, office supplies and office equipment consumables; Retail of household appliances.