Is New District Defu New Materials State-owned?

Gansu Telford New Materials Co., Ltd. is a limited liability company, not a state-owned enterprise. A mixed-ownership enterprise established by Jiujiang Defu Technology Co., Ltd., Baiyin Nonferrous Metals Group Co., Ltd., Gansu Xinglong Capital Management Co., Ltd. and Lanzhou New Area Investment Holding Co., Ltd. * * *, the state has no ownership or control over its capital, and is essentially a limited liability company.

State-owned enterprises, as the name implies, are state-owned enterprises. State-owned enterprises refer to the state's ownership or control over its capital, and the will and interests of the government determine the behavior of state-owned enterprises. State-owned enterprises are the backbone of national economic development and the pillar of Socialism with Chinese characteristics.

Gansu Defu New Material Co., Ltd. is mainly engaged in the research and development, production and sales of electronic copper foil. Copper foil products cover two downstream industries: printed circuit board (PCB) and lithium-ion battery. The main products include 12- 105 micron for PCB and 5-9 micron for power battery.