Is Zhoushan Daishan Youlian Shipyard a state-owned enterprise?

Zhoushan Daishan Youlian Shipyard is a state-owned enterprise. Zhejiang Youlianxiu Shipbuilding Co., Ltd., an industrial group under China Merchants Group, was built in Qushan Island, Zhoushan Islands, Zhejiang Province. Located on the eastern coast of the Yangtze River Delta, at the intersection of the China North-South Shipping Passage and the Yangtze River Golden Waterway, it is only 15 nautical miles away from the Yangshan Deepwater Port Area of Shanghai International Shipping Center. The waters of Qushan Island are the supporting anchorage for ships entering and leaving Yangshan Port, and also the logistics support base for ships entering and leaving Yangshan Port, such as living materials, oil supply and ship pilotage.