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Is Hengtong Group a state-owned enterprise or a private enterprise?
Hengtong Group is not a state-owned enterprise, but a private enterprise.

Introduction of Hengtong Group:

Hengtong Group is a national innovative enterprise and a high-tech international industrial group in the fields of communication optical network, smart grid, new energy and new materials in China.

Hengtong grasps the new trend of industrial transformation in the world scientific and technological revolution, and adheres to the strategy of industry serving the country, science and technology leading and innovation driving. Relying on its own national R&D platform, technology research institute, overseas R&D center and other innovative carriers, we will focus on the fields of optical fiber communication, quantum communication, smart grid, ultra-high voltage submarine cable, ocean engineering, etc., break foreign monopoly, fill dozens of domestic gaps, continue to climb to the high end of the global value chain of communication energy, realize independent control of key technologies and industrial chain supply chain, and rank among the leading ranks of global optical communication.

With digitalization, intelligence and industrial Internet as the core, Hengtong helps to upgrade the manufacturing industry, builds an advanced intelligent manufacturing model with personalized customization, flexible manufacturing, visual manufacturing supervision and networked cooperation, and builds a globally competitive three-industry enterprise (smart factory, lean manufacturing and information management), a national smart factory and a global lighthouse factory, which will boost the implementation of the strategy of broadband China, network power and maritime power, and serve as an optical network for the Belt and Road interconnection and global marine communication. He has been selected as a national industrial power, a national intelligent manufacturing, a national green manufacturing, a single champion in manufacturing, a great power heavy equipment and the China Industrial Award, and won the honors of national technological innovation demonstration enterprise, national intellectual property demonstration enterprise, national deep integration demonstration enterprise, national quality benchmark and China Quality Award (nomination award).