Is Shanghai Yifeng Group a state-owned enterprise?

Yes State-owned enterprises are managed by local governments, directly controlled by local state-owned assets management committees and controlled by units under the jurisdiction of the State Council. Shanghai Yifeng Group meets the standards of state-owned enterprises, so it is a state-owned enterprise. Shanghai Yifeng Group was established in May 1998, and has now developed into a large-scale automobile mold professional group company with five wholly-owned subsidiaries and large-scale research institutes.