Is Shanghai Aviation Development Company a state-owned enterprise?

According to Aiqi's inquiry, Shanghai Hangfa Commercial Engine Co., Ltd. is a state-owned enterprise of China Hangfa Commercial Aviation Engine Co., Ltd., which is affiliated to China Aviation Engine Group Co., Ltd. and is the commercial aviation engine industry platform of China Hangfa Group. As an enterprise directly under the central government, the company shoulders the great responsibility of "implementing the localization of national technical equipment and accelerating the independent research and development, manufacturing production and supply guarantee system construction of aero-engines and gas turbines". Headquartered in Minhang District, Shanghai, the company has a modern production and scientific research base, a national enterprise technology center and a national industrial design center.