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Changzhou Toshiba Transformer Co., Ltd. is a state-owned enterprise.

No. Changzhou Toshiba Transformer Co., Ltd. is a Sino-foreign joint venture with 50% shares held by Shandong Electric Group Co., Ltd. and Toshiba Group of Japan, which belongs to State Grid Corporation, so Changzhou Toshiba Transformer Co., Ltd. is not a state-owned enterprise. Changzhou Toshiba Transformer Co., Ltd. mainly develops and produces power transformers, power transmission and transformation switch parts and other products with various voltage grades.