Ruihua Jingwei Group is not a state-owned enterprise. According to the official website of Tian Yan. Jiangsu Ruihua Investment Holding Group Co., Ltd. was established in 2003, located in Xuzhuang Software Park, Xuanwu District, Nanjing. Ruihua Investment Innovation Park covers an area of 33 mu and has branches in Hong Kong, Guangzhou and Shenzhen. It is a private enterprise, and a state-owned enterprise refers to an enterprise funded or controlled by the state.