Is Dahua Group a state-owned enterprise or a private enterprise?

According to the query of Dahua Group in official website, Dahua Group Company is a private enterprise, whose predecessor is Dachang Branch of Shanghai Baoshan District Housing Development Corporation, and it is one of the top 500 private enterprises in China, a national 100 real estate development enterprise.

Established in 1988 and headquartered in Shanghai, Dahua Group is an enterprise group focusing on real estate development, integrating real estate investment, development, construction, property management, investment management, commercial operation and other diversified businesses.