Does Tianjin Aerospace Ruite belong to state-owned enterprises?

The company belongs to the Institute of Aerospace Materials and Technology. The Institute of Aerospace Materials Technology was established in Beijing 1957 and belongs to a large state-owned high-tech enterprise.

The company is jointly funded by China Academy of Launch Vehicle Technology and Institute of Aerospace Materials and Technology under China Aerospace Science and Technology Corporation. Is a state-owned science and technology enterprise focusing on new materials, and is committed to the development of new materials in the aerospace technology application industry of the group company.