Is Ningxia Baofeng Energy Group a state-owned enterprise?

Ningxia Baofeng Energy Group is not a state-owned enterprise, but a private enterprise.

Ningxia Baofeng Energy Group Co., Ltd. (hereinafter referred to as "the company") is located in the core area of the National Ningdong Energy and Chemical Industry Base. It is an important part of the Ningdong Energy and Chemical Industry Base and one of the earliest backbone enterprises to settle in the Ningdong Energy and Chemical Industry Base. Adhering to the concept of green development, the company vigorously promotes scientific and technological innovation, strives to build a green and low-carbon circular economy industrial chain, and actively promotes the construction of a "resource-saving, environment-friendly" society.

By integrating international and domestic first-class technologies and equipment, a multi-generation circular economy industrial chain of "coal, coke, gas, chemicals, oil and electricity" has been formed, and the transformation of coal resources from fuel to chemical raw materials and clean and efficient utilization have been realized. It is a typical coal-based multi-generation circular economy demonstration enterprise.

Definition of private enterprise:

Private enterprise, referred to as the name of private enterprise, company or enterprise category, has different views on the concept of private enterprise in economic circles. One view is that private enterprises are legal person economic entities with private investment, private operation, private enjoyment of investment income and private undertaking of business risks.

Another view is that relatively state-owned enterprises can be divided into state-owned private enterprises and private private enterprises according to different forms of ownership. The property rights of state-owned private enterprises belong to the state, and the lessee shall, in accordance with the requirements of the market economy, raise funds by itself, operate independently, be responsible for its own profits and losses and bear its own risks. Private enterprises refer to individual enterprises and private enterprises.