Is Taoyuan Xinlong a state-owned enterprise?

The company is not a state-owned enterprise.

According to the inquiry, Shanxi Luliang Zhongyang Taoyuan Xinlong Coal Industry Co., Ltd. (formerly named Zhongyang Xinlong Coal Source Co., Ltd.) was established in 1998, located in Lvliang City, Shanxi Province, and is an enterprise mainly engaged in coal mining and washing. The registered capital of the enterprise is 90.762 million yuan, and the paid-in capital is 90.762 million yuan.

State-owned enterprises are usually owned and controlled by the state, and their ownership and management rights belong to the state. In contrast, Shanxi Luliang Zhongyang Taoyuan Xinlong Coal Industry Co., Ltd. may be a private enterprise or a joint-stock enterprise, and its ownership and management rights are held by private individuals or shareholders.