Is New Shengli Industrial Group Co., Ltd. a state-owned enterprise?

No. State-owned enterprises are enterprise legal persons funded by the state, and the state has ownership or control over their capital. According to the inquiry of official website of Xinsheng Industrial Group Co., Ltd., as of June 9, 2023, Xinsheng Industrial Group Co., Ltd. is a private enterprise, not a state-owned enterprise. Shengli Industrial Group Co., Ltd. is headquartered in Chuangye Road, Nanning High-tech Zone, Guangxi. Xinshengli Industrial Group is a scientific and technological innovative special fertilizer production enterprise established by Nanning High-tech Zone Market Supervision Administration with the approval of the State Administration of Market Supervision. Is a high-end dedicated fertilizer research and development, production, sales and service of scientific and technological innovation dedicated fertilizer production enterprises.