Shanghai Yuyuan Garden (Group) Co., Ltd. is a comprehensive enterprise group, involving real estate, commercial tourism, cultural industries and other diversified businesses. Part of the company's equity is held by Shanghai SASAC, which means that it is controlled and influenced by the state to some extent, so it can be classified as a state-owned enterprise.
In addition, we can also observe whether the company has the characteristics of state-owned enterprises from the aspects of enterprise management. Shanghai Yuyuan (Group) Co., Ltd. has the support of government policies and funds in many aspects, which is also in line with the general characteristics of state-owned enterprises.
To sum up, Shanghai Yuyuan (Group) Co., Ltd. is a state-owned enterprise, mainly because part of its shares are held by Shanghai SASAC, and at the same time it has also received strong support and guidance from the government in its business management.