Is Jiangyin Chengfa Group a state-owned enterprise?

Yes According to the brief information of Jiangyin Chengfa Group, the group was established on 2021126, registered as a first-class state-owned enterprise, and composed of three former first-class state-owned companies: Jiangyin Transportation Industry Group Co., Ltd., Jiangyin Urban Construction Industry Development Co., Ltd. and Jiangyin Urban and Rural Planning and Design Institute Co., Ltd. State-owned enterprises refer to enterprises that the government can effectively control directly or indirectly, as well as enterprises with commercial nature.