Is Qingdao Steel in Rizhao a state-owned enterprise?

Qingdao Iron and Steel Group, formerly a key state-owned enterprise in Qingdao, ranks among the top ten enterprise groups in Qingdao together with Haier, Qingdao Port, Yizhong Tobacco and other enterprises.

In May 2006, its controlling stake in state-owned shares was sold by the Qingdao Municipal Government to Shenzhen Yihuitong Investment Development Co., Ltd. This investment company, whose registered address is Futian District, Shenzhen, is a non-state-owned enterprise. Ltd., its business scope includes investment and establishment of industries, domestic commerce, and supply and marketing of materials. The company was registered and established on November 3, 1997, with a registered capital of 190 million yuan. It is an extremely low-key investment company with basically no public information released.

So now Qinggang is actually no longer a state-owned enterprise, and its major shareholder is a very mysterious company.