Is Baode Iron and Steel (Tianjin) Group Co., Ltd. a state-owned enterprise?

Baode Iron and Steel (Tianjin) Group Co., Ltd. is not a state-owned enterprise. Baode Iron and Steel (Tianjin) Group Co., Ltd. was established on 202 1-05- 14 with a registered capital of 30 million yuan. The legal representative is Sun Debao. The company has two shareholders, one is Sun Debao, holding 99%, and the other is Sun, holding 1%, so it is not a state-owned holding company. State-owned enterprise is a special kind of enterprise, its capital is wholly or mainly invested by the state, and all its capital or major shares are owned by the state. This is different from other enterprises that are wholly or mainly invested by non-governmental organizations (organizations and individuals).