Does Fahua belong to state-owned enterprises or central enterprises?

Zhuhai Fahua Group Co., Ltd. is a state-owned enterprise, not a central enterprise. The standard of state-owned enterprises is that state-owned enterprises hold more than 50% shares, which is greater than or equal to 5 1%. The standard for central enterprises is a wholly state-owned (100%) or state-controlled (5 1% and above) enterprise entrusted by the State Council or the state-owned assets supervision and administration institution. Zhuhai Fahua Group Co., Ltd. is affiliated to the State-owned Assets Supervision and Administration Commission of Zhuhai Municipal People's Government, with a shareholding ratio of 93.5 1032%. Therefore, Zhuhai Fahua Group Co., Ltd. is a state-owned enterprise.