Yangquan City is mostly a state-owned enterprise.

Yes Yangquan Multifluorinated Chemical Co., Ltd. is the first listed enterprise in China inorganic fluorine chemical industry, a national high-tech enterprise, a national innovative pilot enterprise and a state-owned enterprise. Yangquan is a prefecture-level city under the jurisdiction of Shanxi Province, located in the central and eastern part of Shanxi Province, bordering Xinzhou City in the north and facing Shijiazhuang City across Taihang Mountain in the east.