Is Jiangsu Hengchi a state-owned enterprise?

No, state-owned enterprises refer to the wholly state-owned enterprises in which the State Council and the local people's governments respectively perform the responsibilities of investors on behalf of the state, while Jiangsu Hengchi is not a state-owned enterprise because it is not funded by the state. Jiangsu Nanrui Hengchi Electrical Equipment Co., Ltd., referred to as Jiangsu Hengchi for short, was established in 2005.