Is Zhonglian New Materials a state-owned enterprise?

It is a state-owned enterprise. According to Tian Yan's inquiry, the enterprise capital of Zhonglian New Materials Co., Ltd. is all funded by the state and owned by state-owned enterprises. The institutions engaged in production and business activities are established according to law and belong to state-owned enterprises. Zoomlion New Materials Co., Ltd. (hereinafter referred to as Zoomlion New Materials) is a wholly-owned subsidiary of Zoomlion Co., Ltd., and its company address is located in Changsha, Hunan.