Is Shenghua New Materials a State-owned Enterprise?

Shenghua New Materials is not a state-owned enterprise. According to relevant public information, Shandong Shenghua New Materials Technology Co., Ltd. was established in 2003, located in Jiaodong Peninsula, China, and headquartered in Laiyang, Li Xiang. Is a high-tech enterprise specializing in the research and development, production and sales of liquid crystal materials, organic light-emitting diode materials and pharmaceutical intermediates. It owns two wholly-owned subsidiaries, Laiyang Shenghua Electronic Materials Co., Ltd. and Shandong Shenghua Electronic New Materials Co., Ltd., and successfully listed the New Third Board on July 20 16.