Is Shandong High Speed Rail Transportation Group a state-owned enterprise?

Shandong high-speed rail transportation group is a state-owned enterprise. Shandong High Speed Rail Transit Group was formally established on 1989 1. In 2004, it was supervised by the Provincial State-owned Assets Supervision and Administration Commission and reorganized into Shandong High-speed Rail Transit Group Co., Ltd., retaining the name of Shandong Local Railway Bureau.