Is Pingdu Nancun Iron and Steel Research Institute a state-owned enterprise?

Pingdu Nancun Iron and Steel Research Institute is a central enterprise directly managed by the State Council State-owned Assets Supervision and Administration Commission, the largest comprehensive R&D and high-tech industrialization institution in China metallurgical industry, and one of the first batch 103 innovative enterprises in China, belonging to state-owned enterprises.

State-owned enterprises have ownership or control over their capital, and the will and interests of the government determine the behavior of state-owned enterprises. State-owned enterprises are the backbone of national economic development and the pillar of Socialism with Chinese characteristics.