Is Shanghai Zhenhua Heavy Industry Group Co., Ltd. a state-owned enterprise?
It is a state-owned enterprise. More than 50% of the shares held by the government belong to state-owned enterprises, and those directly under the jurisdiction of the State Council belong to central enterprises. Shanghai Zhenhua Heavy Industry Group Co., Ltd. is a state-owned A-share and B-share listed company, and its controlling party is China Communications Construction Group Corporation, a fortune 500 central enterprise. Speaking of government holding, it is managed by the central government and belongs to state-owned enterprises.