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Is Luoyang Bearing a State-owned Enterprise?

Luoyang bearing is a state-owned enterprise. ZYS is a well-known trademark of Axis Technology in China. Lyc is the trademark of the former Luoyang Bearing Factory, which was renamed as "Luoyang LYC Bearing Co., Ltd." after being acquired by Yongmei Chemical Group. Los Angeles is LYC. Both companies are in Luoyang, but they have always been two units. Originally belonging to the Ministry of Machinery, now Luozhou belongs to Henan Coal Chemical Group, Axis Research Technology and ZYS, and belongs to SINOMACH.