According to the inquiry, Hengli Petrochemical is a private enterprise and belongs to the petrochemical industry sector under Hengli Group. Hengli Group is an international enterprise in China, which develops with the whole industrial chain of oil refining, petrochemical, new polyester materials and textile. Hengli Petrochemical plays an important role in the industry. Ownership and control are mainly in the hands of private enterprises and individuals, not state-owned enterprises.

State-owned enterprises refer to enterprises owned and controlled by the central and local governments, and their assets and operating results are owned by the state.