Is Langma Tire a state-owned enterprise or a private enterprise?

The company is a mixed ownership enterprise.

Chaoyang Malong Tire Co., Ltd. was established in 2003, which is a high-tech enterprise jointly invested by state-owned enterprise Ling Gang Group, private enterprise Dalian Zunyuan and natural persons. Sales cover the whole country and are exported to five continents such as the United States, Canada and Britain 100 countries and regions.

In 20021year, among the top 75 tire enterprises in the world, Malone ranked 54th, the domestic sales revenue of the same industry ranked 3 1, and the output of all-steel tire enterprises ranked 13, making it the top 100 enterprises in Liaoning Province (22nd).