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

Private enterprises. Hengli Group is a private enterprise, controlled by Suzhou Shenglun Investment Co., Ltd., with a shareholding ratio of 47.5%. Suzhou Shenglun Investment Co., Ltd. is a private enterprise, so Hengli Group is also a private enterprise. Founded in 2004 and headquartered in Shanghai, China, the Group is mainly engaged in the production and sales of knitted textiles and paper packaging materials, as well as the sales of chemical fiber raw materials, plastics, mechanical and electrical equipment, instruments and meters, ash, terephthalic acid and ethylene glycol, industrial investment, research and development of new textile raw materials, import and export of various commodities and technologies, and the production and supply of thermal power generation and steam. Hengli Group also ranks third among the "Top 500 Private Enterprises in China", which shows its strong strength and influence among private enterprises.