Is Zhongce Rubber Group Co., Ltd. a state-owned enterprise?

No, the query of Yongfa Information Network shows. Zhongce Tire is the largest tire enterprise in China. The name of the company is Zhongce Rubber Group Co., Ltd., which was originally a state-owned enterprise. Its predecessor was Hangzhou Rubber Factory, which was founded in 1958. In recent years, the proportion of state-owned equity of Zhongce Tire has been continuously diluted by foreign capital, and the proportion of state-owned capital has dropped to 40%. Therefore, Zhongce Rubber Group Co., Ltd. is not a state-owned enterprise, but a joint venture.