Beiqi Futian belongs to state-owned enterprises or

The controlling shareholder of BAIC Futian is BAIC Group, and the actual controlling interest of BAIC Group belongs to Beijing SASAC. Accordingly, Beijing municipal state-owned capital has the ultimate control over Beiqi Foton, and Beiqi Foton should be regarded as Beijing municipal state-owned enterprise. However, Beiqi Futian has non-state-owned shareholders, so it is not a wholly state-owned enterprise, but a state-owned joint-stock enterprise controlled by state-owned assets.