Is Qingdao Bay Group a state-owned enterprise?

Qingdao Gulf Group is a state-owned enterprise. According to the information of official website of the State Administration for Industry and Commerce, the company's capital is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. Qingdao Gulf Group Co., Ltd. is a state-owned enterprise with an important position in the fields of chemical industry, chemistry and silene, as well as an enterprise technology center and small and micro enterprises. This enterprise has a number of intellectual property rights and corporate brand projects, which shows its strength in technological innovation and market competitiveness. Qingdao Gulf Group has a wide range of business, involving the research and development and production of chemical products, including the development and application of silicone materials.