Is Lianyungang Wanlian Energy Group a state-owned enterprise?

No, according to Zhong Yi Finance Network, Lianyungang Wanlian Energy Group is a private enterprise, which was restructured from state-owned enterprises. Formerly known as Lianyungang Fuel Group Company, it was officially renamed Lianyungang Wanlian Energy Group Co., Ltd. in 2006 after many reforms and changes. It has 20 wholly-owned and holding subsidiaries, 1.200 employees, 5 large-scale integrated markets and enterprise assets of 7.6 billion yuan. Is a large-scale private enterprise group with annual income exceeding10 billion RMB.