Is Yantai Dongxing Group Co., Ltd. a state-owned enterprise?

Yantai Dongxing Group Co., Ltd. is a state-owned enterprise.

Yantai Dongxing Group Co., Ltd. was once a state-owned enterprise. Originally a third-line military enterprise directly under the Ministry of Ordnance Industry, specializing in the production of small-caliber anti-aircraft gun fuzes. The factory code is the state-owned 324th factory.

1988, according to the national unified deployment, the whole plant was placed under Shougang group. 1993, under extremely difficult circumstances, relying on self-reliance and hard struggle, more than 7,000 people moved across the sea and across provinces, and started a second venture in Yantai Development Zone.