Is Wuxi Huaguang a state-owned enterprise?

Yes Wuxi Property Rights Reform Office announced the first batch of "Wuxi Industrial Workers Team Construction Reform Demonstration Enterprises". As the only state-owned enterprise in the city, Huaguang Equipment was successfully selected as a subsidiary of Wuxi Guolian Development (Group) Co., Ltd. (a wholly state-owned enterprise), and the subsidiaries of state-owned enterprises are also state-owned, so Huaguang shares are state-owned.