Is CRRC Nanjing Puzhen Vehicle Co., Ltd. a state-owned enterprise?

Nanjing Puzhen Vehicle Co., Ltd. is the core enterprise of China South Locomotive, mainly engaged in the manufacture of urban rail vehicles, intercity EMUs, modern trams, railway passenger cars, major core components and other products. It is a state-owned subsidiary of CRRC managed by the State-owned Assets Supervision and Administration Commission of the State Council.