Is Henan Shenluo New Energy State-owned?

Yes Henan Shenluo New Energy Co., Ltd. was established by China Shenhua Energy Co., Ltd. and Luoyang Mining Machinery Group Co., Ltd. China Shenhua Energy Co., Ltd. is one of the largest coal production enterprises in China and a state-owned enterprise in China, which is supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Luoyang Mining Machinery Group Co., Ltd. is one of the top 500 enterprises in China machinery industry and a state-owned enterprise supervised by the State Council SASAC. Therefore, Henan Shenluo New Energy Co., Ltd. is a state-owned enterprise, which is jointly funded by two state-owned enterprises. State-owned enterprises usually have strong market strength and policy support, which is conducive to the long-term development and stable operation of enterprises.