Is Changyi Petrochemical a State-owned Enterprise?

The company was founded in 1986 and put into production in 1988. Its predecessor was Changyi Petrochemical General Factory, and it was the first petrochemical enterprise in Weifang, focusing on petroleum refining. After more than ten years of continuous development, it now has total assets of 540 million yuan (including fixed assets of 370 million yuan) and more than 65,438 employees, covering an area of more than 500,000 square meters. This is a large national enterprise.

Weifang is a large state-owned enterprise.