Is Yangming Group a state-owned enterprise or a private enterprise?

According to Aiqi's investigation, Yangming Group was founded in 1993, which is a new energy industry group with five major industries, including wind energy, solar energy, electric power, high-end chips and circulating lubricating oil. Belonging to private enterprises, it is one of the top 500 Chinese enterprises, the top 500 Guangdong private enterprises and the top 500 global new energy enterprises. Yang Ming Group, headquartered in Zhongshan City, Guangdong Province, is the first enterprise in China with the capability of R&D, distribution and sales of high-end new energy equipment.