Is Michelle Petrochemical in Gansu a state-owned enterprise?

Yes Gansu Michelle Petrochemical Co., Ltd. is a wholly state-owned enterprise, a wholly state-owned company and a state-owned capital holding company. The people's governments of the State Council and Gansu respectively perform the responsibilities of investors on behalf of the country, so Gansu Michelle Petrochemical Co., Ltd. is a state-owned enterprise. Gansu Michelle Petrochemical High-tech Equipment Co., Ltd. has a registered capital of 350 million yuan, which is one of the most influential and outstanding enterprises in China's equipment manufacturing industry.