Can the monarch of Wuhai become a state-owned enterprise?

The enterprise cannot become a state-owned enterprise.

Although the scale of Zheng Jun in Wuhai is large, it is essentially a private enterprise and does not belong to the category of state-owned enterprises. According to the regulations of China's state-owned enterprise supervision institutions, state-owned enterprises refer to enterprises owned or controlled by the state, while private enterprises refer to enterprises owned or controlled by the private sector. Zheng Jun Energy Chemical Co., Ltd. in Wuhai cannot become a state-owned enterprise.