Is Wanhua Chemical Group a state-owned enterprise?

Wanhua Chemical Group is a state-owned enterprise. According to official website of the State Administration for Industry and Commerce, the capital of Wanhua Chemical Group is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. Wanhua Chemical Group Co., Ltd., a subsidiary of Wanhua Chemical Group, is listed as a state-owned enterprise, a demonstration enterprise of technological innovation and a high-tech enterprise, which shows that Wanhua Chemical Group not only has made remarkable achievements in technological innovation, but also has been recognized and supported by relevant government departments. Wanhua Chemical Group Co., Ltd. was established in February of 1998 16, located in Yantai City, Shandong Province. Currently in an open state. As a state-owned enterprise, Wanhua Chemical Group relies on its continuous technological innovation and industrialized devices to provide customers with competitive products and solutions. Its business covers polyurethane, petrochemical, fine chemical and other industrial clusters, serving many industries.