Is TBEA Hengyang Transformer Co., Ltd. a state-owned enterprise?

TBEA Hengyang Transformer Co., Ltd. is a state-owned enterprise. Because TBEA Hengyang Transformer Co., Ltd. belongs to the central enterprise "China TBEA Co., Ltd.", it is an enterprise specializing in R&D, design, manufacture, sales and service of power transformers. According to China's laws and regulations, state-owned holding enterprises are a kind of state-owned joint-stock enterprises. Under the norms of company law, the state holds a certain proportion of shares or control rights, and its economic activities are guided and supervised by state policies. Therefore, TBEA Hengyang Transformer Co., Ltd. is a state-owned enterprise.