Is Panjin Guofa Group a state-owned enterprise?

Yes According to Aiqi official website's inquiry, Panjin State-owned Capital Investment and Operation Group Co., Ltd. is a wholly state-owned company invested and established by the Municipal State-owned Assets Supervision and Administration Commission with the approval of Panjin Municipal Government. Guofa Group is a state-owned enterprise. Panjin Guofa Industrial Co., Ltd. was established at 20 19,13 1, with its registered address at Room 405, Starting Area of Petroleum Equipment Manufacturing Base, Xinglongtai District, Panjin City, Liaoning Province, and its legal representative is Zhang Shiqi.