Is Zhengping a state-owned enterprise or a private enterprise?

Zhengping is a private enterprise, because the major shareholder is a natural person, not a state-owned enterprise.

Zhengping Co., Ltd. is a contracting service provider for road and bridge projects. Its business includes the construction, maintenance, survey and design, test and detection of road and bridge engineering, the production and sales of steel corrugated pipes and other engineering facilities, and it has the first-class qualification of general contracting of highway engineering and municipal public works. At the same time, the company also invests in the cultural tourism industry.