Is Shengli stock a state-owned enterprise?

No, according to official website of the State Administration for Industry and Commerce, Shengli Co., Ltd. is an organization invested by individual capital and engaged in production and business activities according to law. It is not a state-owned enterprise. Shandong Shengli Co., Ltd. was exclusively initiated by Shandong Shengli Group Company, and was approved by Shandong Economic System Reform Committee in No.38 document of Lu Ti Gai Sheng Zi 1993 on March 20 14, and approved by Lu Ti Gai Sheng Zi No.65438+on April 26, 20 14.