Is Jiangsu Shen Heng a state-owned enterprise or a private enterprise?

According to the inquiry, the full name of Jiangsu Shen Heng is Jiangsu Shen Heng Co., Ltd., which is wholly owned by the State-owned Assets Supervision and Administration Commission of Shaanxi Provincial People's Government, accounting for 100%. This means that the state owns the ownership of Jiangsu Shen Heng and supervises it. State-owned enterprises are owned and controlled by the state, and their business purposes are often not limited to profit, but also include achieving national strategic goals and promoting industry development.

As a state-owned enterprise, Shen Heng, Jiangsu Province, is guided and supported by national policies, and it also needs to undertake more social responsibilities and obligations, which is of great significance for promoting economic development and maintaining social stability.