Is Hunan Maglev Group Co., Ltd. a state-owned enterprise?

It is a state-owned enterprise. Hunan Maglev Group Co., Ltd. is a state-owned enterprise jointly established by central enterprises and provincial enterprises. Hunan Maglev Group Co., Ltd. is a non-profit organization established by Hunan Rail Transit Holding Group Co., Ltd. and China Railway Co., Ltd. to develop maglev industry according to the instructions of Hunan Provincial Party Committee and provincial government.