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Is Shandong New Beiyang Information Technology Co., Ltd. a state-owned enterprise?

Shandong New Beiyang Information Technology Co., Ltd. is not a state-owned enterprise.

Shandong New Beiyang Information Technology Co., Ltd. is a high-tech enterprise initiated by Weihai Beiyang Electric Group Co., Ltd., a non-state-owned enterprise. According to the Company Law of People's Republic of China (PRC) and the State-owned Assets Law of People's Republic of China (PRC), state-owned enterprises refer to independent economic organizations with legal personality funded or authorized by the state. The main body of Shandong Xinbeiyang Information Technology Co., Ltd. is Weihai Beiyang Electric Group Co., Ltd., which is not funded or authorized by the state. Therefore, Shandong New Beiyang Information Technology Co., Ltd. is not a state-owned enterprise.