Is Ningbo Sinopec a state-owned enterprise?

Yes Ningbo Sinopec refers to Sinopec Ningbo Engineering Co., Ltd. According to the announcement issued by Sinopec Ningbo Engineering Co., Ltd., as of July 2023, Sinopec Ningbo Engineering Co., Ltd. was established with a government investment of 500 million yuan, which belongs to state management and is a state-owned enterprise.