Is Ningbo Dafeng Chemical a state-owned enterprise?

The company is a state-owned enterprise.

Ningbo Zhetie Dafeng Chemical Co., Ltd. (referred to as "Dafeng Chemical") is located in Ningbo Petrochemical Economic and Technological Development Zone. It was established in May 2011 with a registered capital of 1.21 billion yuan. It is the largest state-owned enterprise in Zhejiang Province , one of the key enterprises in the transportation new materials sector under Zhejiang Communications Investment Group Co., Ltd.

As the first non-phosgene polycarbonate manufacturer in China with independent intellectual property rights, it has made a major breakthrough in the country’s PC process technology and rewritten the previous history of independent industrialization of more than 10,000 tons in the country.