Is Serene Energy Group Co., Ltd. a state-owned enterprise?

Serene Energy Group Co., Ltd. is not a state-owned enterprise. According to relevant public information, Serene Energy Group Co., Ltd. is not a state-owned enterprise, but a joint-stock enterprise. Founded in 2007 and registered in Beijing, the company is a comprehensive energy enterprise specializing in oil and gas exploration and development, petrochemical industry, coal resource development and new energy business. Different from state-owned enterprises, joint-stock enterprises pay more attention to marketization and equity decentralization, and their decision-making and management are more flexible. It should be noted that the major shareholder of Serene Energy Group Co., Ltd. is China Offshore Oil Corporation, a large state-owned oil company in China.