Is Tianjin Zhenhua Logistics Group Co., Ltd. a state-owned enterprise?

No. It is a private listed company. Zhenhua Logistics Group Co., Ltd. was established in 1993. Its shareholders are China Communications Construction Co., Ltd. (HK. 1800) and China International Shipping Container (Group) Co., Ltd. (000039). It has 46 wholly-owned and holding subsidiaries and joint ventures in Tianjin, Qingdao, Shanghai and Dalian, with more than 3,000 employees. It is a first-class freight forwarding enterprise approved by the Ministry of Commerce and an air freight forwarding enterprise approved by the International Air Transport Association; A first-class shipping agent approved by the Ministry of Communications, and one of the first N.V.O.C.C NVOCC carriers; China is a highly competitive freight forwarder, shipping agent and integrated logistics service company.