Is Yancheng Fuhui Textile Co., Ltd. a state-owned enterprise?

Yes According to the information of official website of the State Administration for Industry and Commerce, the company's capital is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. State-owned enterprises are enterprises funded or controlled by the state, and their behavior is influenced by the will and interests of the government. State-owned enterprises are the backbone of Socialism with Chinese characteristics and the backbone of national economic development.