Is Guangdong Baolihua New Energy Co., Ltd. a state-owned enterprise?

No, Guangdong Baolihua New Energy Co., Ltd. has successfully transformed from a regional real estate developer to a new energy power enterprise. It is one of two privately listed power plants, not a state-owned enterprise. The coal gangue power generation technology adopted conforms to the policy orientation of energy conservation and environmental protection advocated by the state, and obtains major preferential conditions such as higher on-grid electricity price and income tax reduction and exemption.