Is Sheng Da Industrial Co., Ltd. of Nangang Group a state-owned enterprise?

No. Sheng Da Industrial Co., Ltd. of Nangang Group is not a state-owned enterprise. Enterprise inquiry shows that Sheng Da Industrial Co., Ltd. of Nangang Group was established in 1997, and was once a wholly-owned subsidiary of Nangang Group, a state-owned super-large steel enterprise. In 2003, it was transformed into a non-state-owned holding company with the approval of SASAC. Nangang Sheng Da is an industrial diversified enterprise, with more than 1000 employees, 9 self-operated companies and 3 associated companies.