According to Baidu Encyclopedia, Beijing Hainachuan Auto Parts Co., Ltd. (hereinafter referred to as Hainachuan Company) was jointly established by Beijing Automobile Group Co., Ltd. and Beijing Industrial Development Investment Management Co., Ltd. The company nature: joint stock company. The registered capital of the company is 2.468 billion yuan, of which BAIC Holding Company accounts for 60% and Beijing Investment Company accounts for 40%. The company was incorporated in Beijing in June 2008. Beijing Automotive Group Co., Ltd. and Beijing Industrial Development Investment Management Co., Ltd. are both wholly state-owned enterprises, so we know that Beijing Hainachuan Auto Parts Co., Ltd. is a state-owned enterprise.