Is Shengli Xindaxin Materials Co., Ltd. a state-owned enterprise?

It is a state-owned enterprise. Shengli Xindaxin Materials Co., Ltd. is a wholly state-owned company that the Shandong Provincial People's Government performs the responsibilities of investor. Wuhan Zhonggong Materials Group Co., Ltd. was established on February 27, 20 17, and its business scope includes: R&D, production and sales: coatings, adhesives and decorative materials. Shengli Xinda is the president unit of China Composite Materials Industry Association, and the top three enterprises in comprehensive strength announced by China Composite Materials Industry Association.