Is Lingnan Heavy Industry a state-owned enterprise?

No, state-owned enterprises refer to enterprises owned or controlled by the state, while Lingnan Heavy Industry is a joint-stock enterprise controlled by private capital. The shareholders of Lingnan Heavy Industry include many domestic and foreign enterprises and individuals, including the State-owned Assets Supervision and Administration Commission of Guangdong Province and the State-owned Assets Supervision and Administration Commission of Guangzhou City, but they do not constitute state-owned holding. As a joint-stock enterprise, Lingnan Heavy Industry can freely buy and sell its shares, while the shares of state-owned enterprises are controlled and restricted by the state.