Is Ningbo Ningxing Holding Co., Ltd. a state-owned enterprise?

No, according to official website information of the State Administration for Industry and Commerce, Ningbo Ningxing Holdings Co., Ltd. is an organization established by individual capital in accordance with the law to engage in production and business activities, and is not a state-owned enterprise. Ningbo Ningxing Holding Co., Ltd. is a holding group company with diversified professional development, mainly engaged in cross-industry and multi-field development such as international trade, real estate development, special steel management, automobile 4S brand management, liquefied storage, plumbing manufacturing, ship management, cultural media and capital operation.