Is Minmetals a state-owned enterprise or a central enterprise?
Central enterprises. China Minmetals Corporation, referred to as "China Minmetals" or "Minmetals Group". Founded in 1950, it is a metal mining enterprise group formed by strategic reorganization of two fortune 500 enterprises. As the largest and most internationalized metal mining enterprise in China, Minmetals Group is the world's leading metallurgical construction and operation service provider. As an important state-owned backbone enterprise directly managed by the central government, Minmetals Group is also a pilot enterprise of state-owned capital investment companies, with business all over the world. Headquartered in Beijing, China Minmetals Corporation is a large-scale international enterprise group which mainly focuses on metals and mineral products, and also involves in finance, real estate, logistics and other fields. By the end of 2022, the total assets of Minmetals exceeded 1 trillion yuan, and it owned eight listed companies. The company's operating income in that year was close to 900 billion yuan.