Is Nanjing Yuhua New Town Development Co., Ltd. a state-owned enterprise?

Nanjing Yuhua New Town Development Co., Ltd. is a state-owned enterprise. Nanjing Yuhua New Town Development Co., Ltd. is a subsidiary of Nanjing State-owned Assets Management Co., Ltd., which is an enterprise controlled by Nanjing Municipal Government. Nanjing Yuhua New Town Development Co., Ltd. was established in 2007, which is an enterprise responsible for the planning, construction and management of Yuhuatai New Town in Nanjing. The company is mainly engaged in land development, construction engineering, property management and other businesses, and is one of the key enterprises supported and developed by Nanjing. It is reported that Nanjing Yuhua New Town Development Co., Ltd. also owns a number of high-quality land resources and real estate projects, and is one of the important enterprises in the field of real estate development in Nanjing.