Is Sichuan Honghua Group a state-owned enterprise?

Sichuan Honghua Group is not a state-owned enterprise. Sichuan Honghua Group Co., Ltd. is a private company headquartered in Chengdu, Sichuan Province, China. Founded in 1997, the company is mainly engaged in research and development, manufacturing, sales and service of oil rigs and related equipment. Sichuan Honghua Group was listed on the main board of the Hong Kong Stock Exchange and then delisted on 20 13.

Sichuan Honghua Group's business scope includes oil rigs, offshore engineering, oil and gas field technical services and other fields, and its products and services have covered more than 60 countries and regions around the world. Sichuan Honghua Group, as a large private enterprise, has a high reputation and market share in the field of petroleum equipment manufacturing in China and even the world.