Is Yangzhou Yizheng Petrochemical a State-owned Enterprise?

The enterprise is a state-owned enterprise.

Yangzhou Yizheng Chemical Fiber, which belongs to China Petrochemical Company, is the abbreviation of China Petrochemical Yizheng Chemical Fiber Co., Ltd. and the largest modern chemical fiber and chemical fiber raw material production base in China. China Petrochemical is a state-owned enterprise. As a subsidiary, Yangzhou Yizheng Chemical Fiber also has the nature of a state-owned enterprise. State-owned enterprises refer to enterprises controlled or wholly owned by the state, whose goal is to serve the country's economic development and social stability and promote the country's scientific and technological progress and industrial upgrading.