Is Nanjing Petrochemical Company a state-owned enterprise?

Yes Nanjing Petrochemical Company is a wholly-owned subsidiary of China Petrochemical Group, a fortune 500 company in the world. China Petrochemical Group Nanjing Chemical Industry Co., Ltd. (hereinafter referred to as Nanhua Company). China Petrochemical is a state-owned company, an investment institution authorized by the state and a state holding company, so Nanjing Petrochemical is also a state-owned company. China Petrochemical is a state-owned enterprise and a central enterprise. Managed by SASAC the State Council.