Why is Weipaige a state-owned enterprise?

Not a state-owned enterprise.

According to Tianyancha, Shanghai Weipaige Smart Water Co., Ltd. is not a state-owned enterprise, but a joint stock limited company (natural person listed, invested or controlled). Shanghai Weipaige Smart Water Co., Ltd. (formerly known as Shanghai Weipaige Environmental Protection Technology Co., Ltd.), established on 20 1 1, located in Shanghai, is an enterprise mainly engaged in the manufacture of electronic equipment such as computers and communications. The registered capital of the enterprise is 508,435,300 yuan, and the paid-in capital is 50 million yuan. In 2022, private placement was completed with a transaction amount of 958 million RMB.